discuss the demand for reinsurance. Moral hazard issues and alternative risk transfer mechanisms (securitization) are studied … be hard to diversify. These risks can be transferred from insurers to reinsurers. We describe the reinsurance market and …. We analyze the design of reinsurance contracts from a theoretical perspective, from the earlier study of Arrow to more …

reinsurance firms which announce their engagement in insurance securitization by issuing catastrophe (Cat) bonds. Consistent with …Insurance securitization has long been hailed as an important tool to increase the underwriting capacity for companies … exposed to catastrophe-related risks. However, global volumes of insurance securitization have remained surprisingly low to …