The Geneva Papers on Risk and Insurance Issues and Practice

FIGURE 5

FROM:

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 5.

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Global weather derivatives market, 2000–2006 (in $ billion).
Note: Global weather derivatives market was $19.2 billion in 2006.

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