“Noon Sunshine-Young Scholars Seminar” is a regular academic exchange platform held by School of Finance. It aims to offer valuable occasions of communications among scholars in our college, between teachers and students, the domestic and the oversea. In this semester, we keep our original intention, set off for a new voyage. We will devote ourselves to fostering the academic atmosphere in the college, and promoting the academic level for both teachers and students.

The eighth session of “Noon Sunshine-Young Scholars Seminar” for the Spring Semester in 2024 is arranged as follows:

Lecture topic：Catastrophe Risk Securitization and Coordinated Risk Management

Keynote Speaker: Zhao Yang

Commentator: Du Xia

Date：Thursday, May 9th, 2024

Time：12:00-13:00

Lecture Venue：Room 116, School of Finance

Abstract

This paper examines the impact of catastrophe risk securitization on total risk exposure and multiple risk sources in total risk-taking within insurance companies. We find risk management though catastrophe risk securitization as a means of allocating rather than simply reducing risk. The transfer of underwriting risk through catastrophe risk securitization coordinates the functioning of investment risk in total risk-taking. While this allocation ultimately leads to an increase in total risk, it optimizes firm performance, thereby providing evidence for the comprehensive trade-off between risk and return of coordinated risk management theory.