Large-scale disasters and the insurance industry
Walter Krämer () and
Sebastian T. Schich
No 2005,11, Technical Reports from Technische Universität Dortmund, Sonderforschungsbereich 475: Komplexitätsreduktion in multivariaten Datenstrukturen
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)
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Working Paper: Large-Scale Disasters and the Insurance Industry (2008)
Working Paper: Large - scaledisasters and the insurance industry (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:sfb475:200511
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