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Title: The Future Potential for Terrorism Catastrophe Bonds
Author: Lustenberger, Nina
Director/Tutor: Rivero Leiva, David
Keywords: Gestió del risc
Treballs de fi de màster
Risk management
Master's theses
Issue Date: 2019
Abstract: In recent years, the number of catastrophic events has risen sharply. This has led not only to tragic losses for those involved, but also to serious losses in the insurance industry. As a result, insurers are increasingly seeking protection themselves. Innovative solutions emerged in the insurance industry, such as protection through catastrophe bonds. This paper evaluates this innovative solution and in particular analyses the potential of catastrophe bonds to protect against terrorism risks. Thereby various factors are assessed which could influence the emergence of a terrorism catastrophe bond market. It is found that there are many arguments for the issuance of terrorism catastrophe bonds. However, there remain various uncertainties about the future of terrorism that cannot be overcome. Nevertheless, by reducing the complexity of catastrophe bonds and thus gaining the confidence of investors, the issuance of terrorism catastrophe bonds could be supported.
Note: Treballs Finals del Màster en Oficial en Empresa Internacional / International Business, Facultat d'Economia i Empresa, Universitat de Barcelona, Curs: 2018-2019, Tutor: David Rivero Leiva
Appears in Collections:Màster Oficial - Empresa Internacional / International Business

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