This article reviews the current status of the market for catastrophic risk (CAT) bonds and other risk-linked securities. CAT bonds and other risk-linked securities are innovative financial vehicles that have an important role to play in financing…
Insurance
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One of the most significant economic developments of the past decade has been the convergence of the financial services industry, particularly the capital markets and (re)insurance sectors. Convergence has been driven by the increase in the…
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Severe natural catastrophes in the early 1990s generated a lack of financial capacity in the catastrophe line of the global reinsurance market. The finance industry reacted to this situation by issuing innovative products designed to spread the…
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In the last few years, the risk of mortality improvements has become increasingly capital intensive for pension funds and annuity providers to manage. The reason is that longevity risk has been systematically underestimated, making balance sheets…
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Http://dx.doi.org/10.1016/j.jbankfin.2007.01.002
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The paper compares the performance of three mortality models in the context of optimal pricing and hedging of unit-linked life insurance contracts. Two of the models are the classical parametric results of Gompertz and Makeham, the third is the…
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The expected demographic shifts-already having commenced in many countries-have their origin primarily in decreasing birth rates and increased life expectancy. This paper will show possible development paths for life expectancy at birth up until the…
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In contrast, community-level measures of the availability of , contraception, and prenatal care do affect birth weight among African-Americans but not among whites. Janet Currie Lucia Nixon Department of Department of UCLA MIT 405 Hilgard Ave
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CD4+ Treg-cells (regulatory T-cells) probably contribute to the impaired virus-specific T-cell responses in chronic HCV (hepatitis C virus) infection; however, their antigen-specificity has remained elusive. In the present study, we analysed…
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