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Index Abraham, K.S. 133 Beck, Ulrich 129 absorbing risk 133 behavioral anomalies 6, 84–9, 243–4 actuarial estimation 109–10 behavior-control functions 106 ad hoc Beijing Normal University 90, 189, assistance 196 235 compensation tool 45 Ben-Shahar, Omri 134 direct payment 40, 169, 207 Biggert-Waters Flood Insurance institutions 30 Reform Act of 2012 69, 152 relief 71, 97 Bruggeman, Véronique 95 adaptation 253 business interruption 104 and climate change 103, 164 adverse selection 5, 13, 47, 54, 66–8, California Earthquake Authority 55, 75, 81–2, 97, 99, 111, 127, 140, 142 162, 246 capacity (of insurers) 6–8, 11, 19, 30, AES v Steadfast 116–19 53, 63–6, 82–4, 89–91, 96, 113, agricultural insurance 122–3, 126, 136, 152, 161–2 173, government-subsidized 50 176, 179–80, 217, 222, 225, 227–8, pilot projects 49 242–3, 249–52 policies 49, 50 and reinsurance 199, 206–8, 215 Regulation on Agriculture Insurance capacity gap 82, 228, 242, 252 50, 94 capital markets 11, 53, 54, 59, 64–5, aircraft insurance 110 212, 217–8, 221, 226–40 all-hazard insurance policy 245 Caribbean Catastrophe Risk Insurance Alternative Risk Transfers (ARTs) 217, Facility 60 221, 236 catastrophe (cat) bonds 3, 113, 182, ambiguity of risk 112–13 212 217–40 see also uncertainty see also insurance-linked securities, American International Group (AIG) insurance securitization 1, 104 catastrophe derivatives 182, 221–2 “appetite” of insurers 84 catastrophe disasters 5, 8, 12–6, 72, 74, Arrow, Kenneth 35 92, 102, 155, 171–3, 255–6 asbestos claims 108–9 see also natural catastrophes assessment insurance 110 catastrophe fund 142, 210–12, 254 asset-backed securitization 237 catastrophe insurance 6, 8–11, 13–4, Association of British Insurers (ABI) 44, 73, 80, 89–99, 103, 105, 108, 148, 149 112–14, 121–8, 129–175, 208–9, authoritarian regime 7, 33 212–5, 216 availability crisis 52 affordability 63, 66, 69–70, 125, 127–8 174, 206, 250, 256 Baker, Tom 133, 134 demand 84–9, 92–3 Barry, D.
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