How can non-life insurance linked securities be sustainable? (Mexico Case Study)

Mondher Bellalah, Shirley Mardonez and Omar Masood ()
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Omar Masood: THEMA, Universite de Cergy-Pontoise

No 2013-18, THEMA Working Papers from THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise

Abstract: The world is experiencing the development of new financial instruments to cope with natural catastrophes economic losses, this paper contributes to the forward movement of the discussion about the sustainability of one of these instruments known as non-life insurance linked securities. It shows a deep analysis of Mexico CAT bonds issuances and the application of a case event model that evaluates the correlation between the overall Mexican stock market and catastrophes in Mexico.

Keywords: Sovereign risk; Natural disasters; Catastrophe cover; Public finance; Financial risk; Management; Insurance; Catastrophe bond. (search for similar items in EconPapers)
JEL-codes: G22 G23 G30 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-ias
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Persistent link: https://EconPapers.repec.org/RePEc:ema:worpap:2013-18

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