2018-00562 - Bayesian estimation of extreme risk measures: Implication for the insurance of natural disasters
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چکیده
Natural disasters are increasing in terms of numbers, intensity and related damages. Facing these extreme events, several financial instruments (public funds, catastrophe bonds, insurance policies) may help to hedge risk provided they supply emergency funding, compensation to the victimes and support to reconstruction [6]. They could be a critical asset aiming at reinforcing proactivity and resilience when facing disasters risks. However, they face some limitations related to risk modeling [9].
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