Statements (50)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:financial_services_company
Insurance-linked Security |
| gptkbp:alsoKnownAs |
Cat Bonds
|
| gptkbp:benefit |
Diversification for investors
Risk transfer for insurers |
| gptkbp:couponPayment |
Higher than traditional bonds
|
| gptkbp:currency |
Usually USD
|
| gptkbp:example |
Everest Re Kilimanjaro Re
FEMA FloodSmart Re Swiss Re Vita Capital |
| gptkbp:firstIssueDate |
1990s
|
| https://www.w3.org/2000/01/rdf-schema#label |
Catastrophe Bonds
|
| gptkbp:investedIn |
Institutional investors
|
| gptkbp:issuedBy |
Insurance companies
Reinsurance companies |
| gptkbp:jurisdiction |
gptkb:Bermuda
gptkb:Cayman_Islands gptkb:Ireland |
| gptkbp:liquidity |
Lower than traditional bonds
|
| gptkbp:lossAbsorption |
Investors may lose principal if trigger event occurs
|
| gptkbp:maturation |
Typically 3-5 years
|
| gptkbp:notableEvent |
Growth after Hurricane Andrew (1992)
|
| gptkbp:principalAtRisk |
Yes
|
| gptkbp:purpose |
Transfer catastrophe risk from insurers to investors
|
| gptkbp:rating |
gptkb:Fitch_Ratings
gptkb:Moody's gptkb:Standard_&_Poor's |
| gptkbp:regulates |
Financial regulators
|
| gptkbp:relatedTo |
Reinsurance
Insurance-linked securities (ILS) Risk securitization Weather derivatives |
| gptkbp:riskFactor |
Earthquake risk
Flood risk Hurricane risk Natural disaster risk Pandemic risk |
| gptkbp:riskPremium |
Higher than traditional corporate bonds
|
| gptkbp:structure |
Special Purpose Vehicle (SPV)
|
| gptkbp:taxStatus |
Varies by jurisdiction
|
| gptkbp:tradedOn |
Over-the-counter market
|
| gptkbp:triggeredBy |
Indemnity trigger
Industry loss trigger Modelled loss trigger Parametric trigger |
| gptkbp:usedBy |
Private sector entities
Public sector entities |
| gptkbp:市值 |
Tens of billions USD (as of 2023)
|
| gptkbp:bfsParent |
gptkb:Risk_Sharing
|
| gptkbp:bfsLayer |
7
|