Design of Typhoon Disaster Bond Based on Guangdong Province's Data
China is quite seriously affected by Typhoon, which is a global disaster with the highest frequency and most serious effect. In the catastrophe insurance business, catastrophe risk securitization and catastrophe bonds have become a general trend. Under this background, developing Chinese typhoon disaster bonds has vital practical significance. The authors of this paper would take Guangdong province, most seriously affected by typhoon disaster in our country, as the research object, collect Guangdong province's typhoon loss data of nearly 30 years and use the non-life insurance calculation technique to analyze the typhoon loss and times distribution. Based on that, the paper uses the CAMP model and the cash flow analysis to make a simple, preliminary design for Guangdong province's typhoon disaster bond.
Typhoon disaster bondsloss distributiondesign pricingGuangdong province
国家科技期刊平台
NSTL
万方数据
维普
