Source: [Allianz, 2009]

abstract

Allianz, a German insurance and financial services group with business lines in insurance, asset management and banking, forecasted US$80-120 billion of annual damage globally from weather-related disasters over the period 2010-19. It has also noted that the number and size of catastrophe bonds has increased sharply in recent years. Allianz’s first flood catastrophe bond is part of a USD 1 billion programme to spread the risk of severe regional floods across a global fund, thereby spreading the risk across clients as a form of climate adaptation.

http://unfccc.int/adaptation/workstreams/nairobi_work_programme/items/6547.php

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Last modified: Jan. 28, 2016, 5:20 p.m.