Lessons from disaster
Catastrophe Risk
The financial crisis has left people grasping for words to adequately describe its impact. 'Meltdown', 'collapse' and 'carnage' are just some of the adjectives used, most of which are synonyms for disaster. The reach for an analogy with natural calamities is not simply for graphic effect, but helps provide a mental and emotional context in which we relate to the scale and destructive force of the events.
But perhaps something can be learned from drawing an analogy between the financial crisis
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Catastrophe
Cat risk: why forecasting climate change is a disaster
Forecasters are poles apart on climate-driven catastrophes; insurers fear worse ahead
Catastrophe modellers embrace open platforms
Liberalised cat modelling market will place extra demands on model validation
Reinsurance sidecars evolving as competition for third-party capital hots up
Sidecars mimicking ILS funds to lure investors entering collateralised reinsurance space
Reinsurers welcome reduced collateral requirements for US business
Piecemeal reform of reinsurance laws continues to frustrate Lloyd’s market
Cat bond sponsors tempt investors with diversified perils and geographies
Innovative structures seek to break dominance of US wind peril over ILS market
Governments must ‘stop distorting cat markets’ with insurance pools
Let commercial market price risk, while governments should focus on risk-reduction, think-tank says
Better risk data vital if insurers to boost disaster coverage
Steps to improve risk modelling needed if Europe wants insurers to increase cat risk exposure, say experts
