Catastrophe Excess Reinsurance — Insurance for catastrophe insurers. Because of the unpredictable nature of catastrophes, the large amount of damage they cause and the high number of insurance claims that occur as a result, a catastrophe insurance company faces a significant… … Investment dictionary
Catastrophe Hazard — The risk of loss from a particularly destructive event, such as a hurricane, flood or terrorist attack. Catastrophe hazard represents a particularly large risk to insurers because of the overwhelming number of claims filed at once in the… … Investment dictionary
Catastrophe bond — Catastrophe bonds (also known as cat bonds) are risk linked securities that transfer a specified set of risks from a sponsor to investors. They are often structured as floating rate corporate bonds whose principal is forgiven if specified trigger … Wikipedia
Catastrophe Futures — are futures contracts traded on the Chicago Board of Trade (CBOT). These futures contracts are used by insurance companies to protect themselves against future catastrophe losses. The value of a catastophe futures contract is equal to $25,000… … Investment dictionary
catastrophe adjuster — UK US (also catastrophe adjustor) noun [C] ► INSURANCE someone who works for an insurance company and whose job is to decide how much to pay someone who has been badly affected by a serious accident or event … Financial and business terms
Insurance Services Office — Insurance Services Office, Inc. (ISO) is a provider of data, underwriting, risk management and legal/regulatory services to property casualty insurers and other clients. Headquartered in Jersey City, New Jersey, the organization serves clients… … Wikipedia
Catastrophe modeling — This article refers to the use of computers to estimate losses caused by disasters. For other meanings of the word catastrophe, including catastrophe theory in mathematics, see catastrophe (disambiguation). Catastrophe modeling (also known as cat … Wikipedia
Catastrophe Bond - CAT — A high yield debt instrument that is usually insurance linked and meant to raise money in case of a catastrophe such as a hurricane or earthquake. It has a special condition that states that if the issuer (insurance or reinsurance company)… … Investment dictionary
Insurance cycle — “The tendency to swing between profitable and unprofitable periods over time is commonly known as the underwriting or insurance cycle. (Wikipedia article on Insurance) What is the Insurance Cycle Lloyd s Franchise Performance Director Rolf Tolle… … Wikipedia
Catastrophe — A catastrophe is a disaster, a horrible event.It may also refer to:*Catastrophe (drama), the climax and resolution of a plot in ancient Greek drama and poems * Catastrophe (play), a 1982 short play by Samuel Beckett *Catastrophe modeling, in… … Wikipedia
