Wieczorek-Kosmala, Monika; B, Joanna; Gorczy, Maria; … - International Institute of Social and Economic Sciences - 2014
In this paper we focus on financial innovations that have emerged as a result of the convergence of the capital market and insurance market. These new solutions called Insurance-Linked Securities (ILS) were created in 1990s. by insurers and reinsurers in order to improve the liquidity of...