The Geneva Papers on Risk and Insurance Issues and Practice

FIGURE 3

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Extreme Events, Global Warming, and Insurance-Linked Securities: How to Trigger the "Tipping Point"

Erwann Michel-Kerjan and Frederic Morlaye

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Figure 3.

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Reinsurer sidecars to cover against natural disasters in North America ($ million) – Reaction to 2005 Hurricane season: November 2005 and July 2006.
Source: Goldman Sachs.

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