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Large-scale disasters and the insuranceindustry
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.
Autor
Prof. Dr. rer. pol. Walter Krämer
Sebastian Schich
 
ArtikelFachbereichFachrichtung
2005Statistik/ÖkonometrieStatistik
 
Schlagwörter
disaster, event-study, insurance industry