The occurrence of numerous dramatic and sudden catastrophic events has prompted insurers to improve disaster prevention and management procedures. In this context a variety of tools/techniques have been developed and have extended the limits of insurances offered alternative solutions to traditional insurance. Italy, among other european countries, is at greater risk of environmental catastrophe and at the same time it is part of the small number of industrialized countries where there is no obligation to insure against natural disasters. Insurance Linked Securities (ILS), in addition to the development of catastrophic simulation models, can provide development prospects for the transfer of insurance risk to the capital market and relieve the State burden for the coverage of damages.
Gli strumenti di copertura assicurativa delle catastrofi naturali
vincenzo gentile
2015-01-01
Abstract
The occurrence of numerous dramatic and sudden catastrophic events has prompted insurers to improve disaster prevention and management procedures. In this context a variety of tools/techniques have been developed and have extended the limits of insurances offered alternative solutions to traditional insurance. Italy, among other european countries, is at greater risk of environmental catastrophe and at the same time it is part of the small number of industrialized countries where there is no obligation to insure against natural disasters. Insurance Linked Securities (ILS), in addition to the development of catastrophic simulation models, can provide development prospects for the transfer of insurance risk to the capital market and relieve the State burden for the coverage of damages.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
