4
Pricing of Catastrophe Bonds
4.1
Introduction
4.1.1
The Emergence of CAT Bonds
4.1.2
Insurance Securitization
4.1.3
CAT Bond Pricing Methodology
4.2
Compound Doubly Stochastic Poisson Pricing Model
4.3
Calibration of the Pricing Model
4.4
Dynamics of the CAT Bond Price
Bibliography