Description
The cost of the devastation from Australia's recent natural disasters is
still being counted. Floods in Victoria and severe storms on both sides
of the country, along with the earthquake damage in New Zealand, have
impacted on the lives of thousands. Strangely enough, these events often
occur in clusters which means insurers are also hard hit. But, these
days insurance companies can transfer their risk to the capital markets
through catastrophe bonds. With these relatively new assets increasing
in popularity, Julian Lorkin of Knowledge@Australian School of Business
asks Morton Lane, head of the financial engineering program at the
University of Illinois, about insurers' latest means of passing on
risk.
Many of the world’s economies are still struggling to recover from the
global financial crisis. The threat of a crisis Mark II is not out of
the question, though it’s unlikely, says Anne Krueger, a former chief
economist of the World Bank, and first deputy managing director of the...
Published 10/04/12
Australia, with its sound and well-managed financial system, stands to
reap significant benefits from the economic growth in Asia. But a key
question remains: how should Australia position itself in the Asian
century? Reaching a consensus on this is crucial, according to Masahiko
Takeda,...
Published 10/04/12