Options & Derivatives
Below are a selection of articles and papers discussing insurance options and insurance derivatives.
Many of these articles and papers are in PDF format and will require you to download Acrobat Reader. 
If you have articles or papers that you'd like to promote to the Artemis audience please contact us.
Actuarially
Consistent Valuation of Catastrophe Derivatives
Paper by Alexander Muermann (requires
Acrobat Reader
)
First Published July 2003
When
Should a Cat Index Futures be Created?
Paper by Kazuhiko Ohashi
First Published March 2003
Impact
of Uncertainty in Catastrophe Losses on Insurance Derivatives
Paper by Carol Hayek and Roger Ghanem
(requires Acrobat Reader
)
First Published 2002
Insurance
and reinsurance contracts as complex derivatives: Application to
multiple peril policies
Paper by Alan Jung and Cyrus Ramezani
(requires Acrobat Reader
)
First Published 2001
Actuarially
Consistent Valuation of Catastrophe Derivatives
Paper from the Wharton Financial Institutions
Center (requires Acrobat Reader
)
Pricing
Insurance and Insurance Derivatives: Diversification and Hedging
in Incomplete Markets
Paper by Larry Eisenberg of Risk Engineering
(requires Acrobat Reader
)
Derivatives:
Do they have a place in ERM?
Article from Rough Notes Magazine (by
Michael J. Moody)
Derivatives
and their application to insurance: A retrospective and prospective
overview
Impact of Uncertainty in Catastrophe Losses on Insurance Derivatives Implied
Loss Distribution for Catastrophe Insurance Derivatives Real
Options
Derivatives Development Analysis
of Applications of Some Ex-Ante Instruments for the Transfer of
Catastrophic Risks A
Buyer's Guide for Options and Futures on a Catastrophe Index Insurance
Catastrophe Futures Insurance
derivatives: Convergence of capital markets and insurance markets A
Buyer's Guide for Options on a Catastrophe Index Evaluating
the Effectiveness of Index-Based Insurance Derivatives in Hedging
Property/Casualty Insurance Transactions Derivatives
and Corporate Risk Management: Participation and Volume Decisions
in the Insurance Industry
A new model for pricing catastrophe insurance derivatives
Application of the Option Market Paradigm to the Solution of Insurance
Problems Bermuda
Insurance Derivatives Empirical
Tests of Models of Catastrophe Insurance Futures
An Asian Option to the Valuation of Insurance Futures Contracts Pricing
Catastrophe Risk: Could CAT Futures Have Coped with Andrew?
Capital
Markets, Derivatives and (Re)insurance Corporate
Hedging in the Insurance Industry: The Use of Financial Derivatives
by U.S. Insurers Derivatives
A Calculus of Risk Risk
Management Programs & The Use of Derivatives Insurance
Derivatives Catch Fire
Article from Aon (requires
Acrobat Reader
)
Paper by Carol Hayek & Roger Ghanem
(requires Acrobat Reader
)
Paper from University of Aarhus Centre
for Analytical Finance (requires
Acrobat Reader
)
Article from Risk Magazine
Article from Risk Magazine
Paper from the International Institute
for Applied Systems Analysis (requires
Acrobat Reader
)
Paper from the Casualty Actuarial Society
(requires Acrobat Reader
)
Paper from the Casualty Actuarial Society
(requires Acrobat Reader
)
Paper by Dr. Marcel Grandi and Dr. Andreas
Müller (requires Acrobat Reader
)
Paper from the Casualty Actuarial Society
(requires Acrobat Reader
)
Paper from the American Academy of Actuaries
(requires Acrobat Reader
)
Paper from the Wharton Financial Institutions
Center (requires Acrobat Reader
)
Paper from the Centre for Analytical
Finance, University of Aarhus (requires
Acrobat Reader
)
Paper from the Casualty Actuarial Society
(requires Acrobat Reader
)
Paper from Appleby Spurling & Kempe
(requires Acrobat Reader
)
Paper from the Wharton Financial Institutions
Center (requires Acrobat Reader
)
Paper from the Wharton Financial Institutions
Center (requires Acrobat Reader
)
Article from the Casualty Actuarial Society
(requires Acrobat Reader
)
Article from Cadwalader, Wickersham
& Taft
Paper from the Wharton Financial Institutions
Center (requires Acrobat Reader
)
Article by Douglas Ruml, CFM. From Taurus
Training
Article from Scientific American
White paper from Strategies & Tactics
Article from Derivatives Strategy
