Large - scaledisasters and the insurance industry

Walter Krämer and Sebastian Schich

Working Papers from Business and Social Statistics Department, Technische Universität Dortmund

Abstract: We investigate the effect of the 20 largest – in terms of insured losses – man-made or natural disasters on the insurance industry. We show via an event study that insurance markets worldwide are quite resilient to unexpected losses to capital and are even outperforming the general market subsequent to great disasters.

Keywords: disaster; insurance industry; event-study (search for similar items in EconPapers)
Pages: 14 pages
Date: 2005-03
New Economics Papers: this item is included in nep-ias
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Published in Insurance and Risk Management Journal, April 2008, pages 1-19

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Related works:
Working Paper: Large-Scale Disasters and the Insurance Industry (2008)
Working Paper: Large-scale disasters and the insurance industry (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:dor:wpaper:4

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