Catastrophe Bond and Risk Modeling

Desheng Dash Wu and David L. Olson
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Desheng Dash Wu: Stockholm University
David L. Olson: University of Nebraska

Chapter 14 in Enterprise Risk Management in Finance, 2015, pp 136-144 from Palgrave Macmillan

Abstract: Abstract On May 12, 2008, the Wenchuan earthquake occurred in Sichuan province of China, killing at least 69,000. This great disaster caused widespread damage to the infrastructure and huge economic losses to Chinese society. The loss to the Chinese insurance sector was in excess of 65 million RMB about 70 days after the quake. Figure 14.1 displays insurance claim payoffs relative to the days elapsing after the Wenchuan earthquake.

Keywords: Markov Chain Monte Carlo; Wenchuan Earthquake; Loglogistic Distribution; Enterprise Risk Management; Reinsurance Company (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-46629-7_14

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DOI: 10.1057/9781137466297_14

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