Natural disasters are extremely destructive power and duration on the planet occur rather rarely, but in this case should build in advance of system protection and response, which includes immediate measures to assist victims by the State, a set of measures on risk management and the full participation of the insurance industry. For this purpose, since the mid-1990s insurance corporations resort to such a  form of alternative financing upcoming and possible costs as a transfer of risks to the stock market through the issuance of catastrophe bonds. The article contains an analysis of these bonds.