This paper introduces three typical catastrophe bonds pricing model—LFC model,Wang!two-factor model,and Christofides model,which are based on the framework of risk pricing.
LFC模型、Wang两因素模型和Christofides模型是风险定价框架下的三个典型巨灾债券定价模型。
Proceed from the structure of catastrophe bonds, by analyzing merits and demerits of catastrophe bonds and feasibility of bonds issuing, the paper represents adequately why can catastrophe bonds develop better than other products of the securitization of catastrophe risks in the financial markets.
巨灾保险风险证券化是国际上分散巨灾风险的一项金融保险创新,本文从巨灾债券的结构着手,通过对巨灾债券优缺点以及发行巨灾债券的可行性的深入分析,充分的阐述了在金融市场上巨灾债券能够优先于其他类型保险连结证券快速发展的原因,然而建立在不完全市场的基础上的巨灾债券的发行,却存在着一个定价难的问题。
Double exponential jump diffusion model for catastrophe bonds pricing;
巨灾债券定价的双指数跳跃扩散模型
Insurance risk securitization——catastrophe bond;
保险风险证券化——巨灾债券
The existing catastrophe bond pricing models are all based on the standard finance theory.
现有的巨灾债券定价模型是基于标准金融理论建立的。
How to Develop the CAT bond of Our Country;
发展我国巨灾债券的思考
In this paper,a market mechanism cat bond is introduced into government rescue,combining the foreign matured method with Chinese real situation.
借鉴经济发达国家保险业的巨灾债券,首次提出在政府救灾中引入市场机制———发行政府巨灾债券。
To discuss the feasibility of the issuance of CAT bond in China,the paper applies Principal Components Analysis to create an index to measure the comprehensive maturity of capital and insurance market in a country.
发达国家在上世纪90年代同样经历过这样一个过程,在经过多种尝试后,它们找到了一种可行的方案——保险风险证券化,即利用资本市场来分散巨灾风险,其代表便是巨灾债券。
Securitization of Catastrophe Risk and the Development of CAT Bonds in China;
巨灾保险证券化与巨灾债券在我国的应用
More and more insurers and enterprises employ CAT bonds to manage catastrophe risk.
越来越多的保险公司、再保险公司及大型企业倾向于发行巨灾债券来转移、分散巨灾风险,巨灾债券的出现是巨灾风险证券化的结果,在各种保险连结票据及其衍生品中,巨灾债券的发行量和交易量最大。
Securitization of Catastrophe Risk and the Development of CAT Bonds in China;
巨灾保险证券化与巨灾债券在我国的应用
Catastrophe Bond s Function and Study on Issuing Catastrophe Bond in China;
巨灾债券的运作及我国发行巨灾债券的对策研究
Catastrophe Bond: Agriculture Catastrophic Risk Transfer Solution Offered by the Capital Market;
农业巨灾风险的资本市场解决方案——巨灾债券
Double exponential jump diffusion model for catastrophe bonds pricing;
巨灾债券定价的双指数跳跃扩散模型
At last, this paper analyses prospect of CAT bonds in China.
最后,本文分析了巨灾债券在我国的发展前景。
Engineering Seismic Risk Assessment Based Pricing Model for Catastrophe Bond;
基于工程地震风险评估的巨灾债券定价模型
Applicational Research of Catastrophe Bond on Earthquake Risk Dispersion of China;
巨灾债券在分散我国地震风险中的应用研究
Study on the Reference Point Effect Theory Used in Catastrophe Bond Pricing Method;
参考点效应理论应用于巨灾债券定价的研究
Empirical Study on Earthquake Losses Distribution and CAT Bond Pricing in China
中国地震损失分布与巨灾债券定价研究
But by now, the catastrophic is arguably too familiar to be truly exotic.
巨灾债券为保险公司赔付地震或飓风损失时提供资金支持。
A Pricing Model of CAT Bounds Based on the Loss Distribution of Typhoon in China;
基于我国台风损失分布的一种巨灾债券定价模型
Comparative Study on Catastrophe Bonds Pricing Model Based on the Framework of Risk Pricing;
基于风险定价框架的巨灾债券定价模型比较研究
The Design of a Catastrophe Bond Connected with Earthquake;
一类巨灾风险—地震灾害债券的设计
Study on CAT Bond and Its Application in China;
巨灾风险债券及其在我国的运用研究
The Research on the Catastrophic Insurance Risk Securitization in China: the Design of Typhoon Catastrophe Bond;
我国巨灾保险风险证券化研究——台风灾害债券的设计
Analysis on Clause Design of Catastrophe Bond Contract;
巨灾风险债券的契约条款设计机制分析
CAT Bond Premium Puzzle:An Explanation from Behavioral Finance;
巨灾风险债券溢价之谜的行为金融学解释
A Research on Pricing Methods of Catastrophe Option of Catastrohpe Risk Securitization;
巨灾风险证券化之巨灾期权定价方法的分析与研究
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