On basis risk in mortality CAT bonds
Life re-insurers are exposed to mortality catastrophe risk. Mortality CAT bonds are a tool that can mitigate this risk. However, a key disadvantage of this tool is the existence of population basis risk, which occurs whenever there are differences between reference and insured populations. In this t...
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2015
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| Online Access: | http://hdl.handle.net/1993/30380 |