Executive of the insurance industry should assess the potential range of the recently proposed derivatives catastrophe insurance. Background refers to the role of traditional reinsurance and securitization efforts in providing risk transfer and financing in "cat" insurance field. The advantages and difficulties of commoditizing new asset class are considered as well. "Hide
by Kenneth A. Froot, Markus F. Mullarkey Source: Harvard Business School 20 pages. Publication Date: Dec 05, 1997. Prod. #: 298073-PDF-ENG