Securitization of Insured Risks and Insurance from Extreme Losses

DOI: 10.20542/0131-2227-2011-9-51-60

E. Grebenshchikov (

Abstract. 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. 

Keywords: securitization, risks, insurance corporation, reinsurance, bonds markets, catastrophe bonds, trigger, parametric indices, insurance supervision, International association of insurance supervisors, extreme loss

Registered in System SCIENCE INDEX

For citation:
Grebenshchikov E. Securitization of Insured Risks and Insurance from Extreme Losses. World Eonomy and International Relations, 2011, no. 9, pp. 51-60.

Comments (0)

No comments

Add comment






Dear authors! Please note that in the VAK List of peer-reviewed scientific journals, in which the main scientific results of dissertations for the degree of candidate and doctor of sciences should be published for the “MEMO Journal” the following specialties are recorded:
economic sciences:
5.2.5. World Economy.
5.2.1. Economic Theory
5.2.3. Regional and Branch Economics
political sciences:
5.5.4. International Relations
5.5.1. History and Theory of Politics
5.5.2. Political Institutions, Processes, Technologies


Current Issue
2024, vol. 68, No. 7
Topical Themes of the Issue:
  • The Supporting Structure of Global Security
  • Institutional Features of the Fourth Energy Transition
  • The Evolution of Modern German Christian Democracy
  • The Monarchies of the Persian Gulf and Central Asia
Submit an Article
The Editorial Board invites authors to write analytical articles on the following topics:
  • changes in the processes of globalization in modern conditions
  • formation of the new world order
  • shifts in civilization at the stage of transition to a digital society

The editors are also interested in publishing synthesis articles / scientific reviews revealing the main trends in the development of certain regions of the world - Latin America, Africa, South Asia, etc.