Large-scale disasters and the insuranceindustry

Fachartikel 126

Fachbereich
Statistik/Ökonometrie
Fachrichtung
Statistik
Artikel
2005
Sprache
englisch
Co Autoren
Sebastian Schich

Beschreibung

We investigate the effect of the 20 largest – in terms of insured losses – man-made or natural disasters on the insurance industry. We show via an event study that insurance markets worldwide are quite resilient to unexpected losses to capital and are even outperforming the general market subsequent to great disasters.

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