The problem with a global pandemic bond for financial investors is that it's correlated, as the market goes down so do the value of the bonds. “Catastrophe bonds" for hurricanes and earthquakes are uncorrelated.
| less than a minute read
Catastrophes and correlations
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After all, as that London underwriter says: “Nothing is uninsurable; you just need more data. And life risk gives you more data than earthquakes.”
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