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CAS Exam 9 Study Notes: Securitization of Catastrophe Risk
2019-03-26
My notes on securitization of catastrophe risk are now available. These notes are based on the paper CAT Bond and Other Risk-Linked Securities: State of Market and Recent Developments by J. D. Cummins. The reading describes various instruments that are used to transfer catastrophic insurance risk to financial markets, the reasons for doing so, and impediments to growth of the catastrophe securities market. These notes correspond to objective C5 on the syllabus.
Keywords: Actuarial Science, Study Note, Exam 9