Question: Can someone answer this please? a) Describe three trigger structures that can be used to activate a payout on a catastrophe bond and in each

Can someone answer this please?

a) Describe three trigger structures that can be used to activate a payout on a catastrophe bond and in each case identify their benefits to one or both counterparties to a cat bond transaction. (10 marks)

b) What are the important macro-issues that affect investors appetite for insurance linked securities? (5 marks)

c) What is the motivation for securitising life risks through a bond structure? (5 marks)

d) Explain the structure of an industry loss warranty (ILW) and identify the potential advantages of buying an ILW over transferring risk via traditional reinsurance such as an excess-of-loss arrangement. (5 marks)

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