A portfolio of weather risk transfer contracts efficiently reduces risk
We quantify the potential reduction of risk in practice that is possible by constructing a portfolio of contracts covering weather risks, relative to a portfolio of lower-frequency natural catastrophe risks. First, we illustrate a protection seller’s analysis and reservation price for individual wea...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2021-01-01
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| Series: | Climate Risk Management |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2212096321000619 |