The purpose of this paper is to provide a conceptual framework, along with concrete illustrations, that will aid the UNFCCC process in incorporating market-based insurance mechanisms in the arsenal of proposed global climate adaptation tools. A key objective is to define the role insurance can...

Despite the existence of numerous quantitative approaches to the categorization of financial reinsurance contracts, often insurance regulators may find the practical implementation of the task to be technically challenging. This research paper develops a simple, affordable, and robust regulatory...

Despite the existence of numerous quantitative approaches to the categorization of financial reinsurance contracts, insurance regulators may often find the practical implementation of the task to be technically challenging. This paper develops a simple, affordable and robust regulatory method...

The March 2011 earthquake that hit east Japan was the fourth-largest ever recorded. It was not only a human tragedy but an economic shock with losses estimated in excess of 16,900 billion Chinese yuan, making it the costliest disaster in history. Despite this, the Japanese insurance industry is...