the parametric CAT bond are derived. Multi-regional and multi-hazard parametric CAT bonds are introduced to reduce the …

hypothetical CAT bond issued for the period 1999-2003. As a result, by transferring the risk to the capital market, investors could …

catastrophe loss data, match them with the defined trigger events of each CAT bond contract, and then employ an empirical pricing … supports that CAT bond markets are successful prediction markets that efficiently aggregate information about future CAT losses …. Our results also highlight that actual CAT losses in future periods can explain the excess CAT bond spreads in the primary …