Abstract
This paper presents an overview of the structure of probabilistic catastrophe risk models, discusses their importance for appraising sovereign disaster risk financing and insurance instruments and strategy, and puts forward a model and a process for improving decision making on the [...]Abstract
The topic of the study is relevant due to the fact that abrupt changes in the economy and in the financial system, particularly those caused by the coronavirus pandemic, have changed all existing development forecasts. At the same time, a whole range of new risks for the financial [...]