Large-scale disasters and the insurance industry
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.
Walter Krämer, Sebastian T. Schich
eng
text/html
http://hdl.handle.net/10419/22602
Adapt according to the presented license agreement and reference the original author.