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| Tekijä: | Bougen, P. D. |
| Otsikko: | Catastrophe risk |
| Lehti: | Economy and Society
2003 : MAY, VOL. 32:2, p. 253-274 |
| Asiasana: | RISK FINANCING NETWORKS INSURANCE |
| Kieli: | eng |
| Tiivistelmä: | This paper examines the recent emergence of initiatives involving the reinsurance industry and the capital markets to develop mechanisms to finance the losses arising from catastrophic events. These initiatives are discussed from two perspectives. One perspective explores these financing mechanisms from the contention that cata- strophic events are becoming increasingly non-insurable within contemporary risk society. In this regard the paper addresses issues relating to the coherence and sustainability of the risk networks underpinning efforts to maintain the insurability of catastrophic events. These catastrophe-financing initiatives are also discussed from a second, although related perspective. |
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