Versicherung für den Klimawandel by Florian Steiger
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Versicherung für den Klimawandel

Versicherung für den Klimawandel


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About the Book

Der Klimawandel und die ansteigenden Schäden durch Naturkatastrophen bringen die Versicherungsindustrie weltweit unter Druck. Die zunehmende Urbanisierung und der damit verbundene Anstieg an versicherbaren Immobilienwerten bringt den Rückversicherungsmarkt zunehmend an seine Kapazitätsgrenze. Gleichzeitig sorgen makroökonomische und politische Schocks zu massiven Verwerfungen an den Kapitalmärkten und zu steigender Korrelation zwischen verschiedenen Anlageklassen. Die klassischen Methoden der Portfoliodiversifikation funktionieren nicht mehr in einer Welt, in der Marktbewegungen vor allem von Interventionen der Notenbanken oder politischen Ereignissen abhängen.

Katastrophenanleihen, im Englischen "Cat Bonds" genannt, bieten eine Lösung für diese Probleme: Die Emission neuer Cat Bonds stellt neues Kapital zur Absicherung von Klimarisiken bereit und hilft Menschen so weltweit ihre wirtschaftliche Existenz abzusichern. Gleichzeitig ist die Bereitstellung von Kapital in diesem Markt für Investoren attraktiv: Die Entwicklung von Unternehmensgewinnen, des Zinsmarktes oder Währungsschwankungen spielen in dieser Anlageklasse keine Rolle, denn als Rückversicherungsinstrument hängt ihre Performance stattdessen vom möglichen Auftreten von Naturkatastrophen, wie Hurricanes oder Erdbeben, ab. Führende institutionelle Investoren wie Pensionskassen, Family Offices und Stiftungen haben bereits Milliarden in diese nahezu unbekannte Anlageklasse investiert. Mit historischen Renditen von mehr als 7% pro Jahr über die letzten zwanzig Jahre haben Katastrophenanleihen eindrucksvoll bewiesen, warum sich professionelle Investoren verstärkt für diese Instrumente interessieren.

Dieses Buch bietet dem Leser eine Einführung in die Welt der Katastrophenanleihen und behandelt insbesondere die Geschichte des Marktes, die rechtlichen und ökonomischen Rahmenbedingungen sowie den möglichen Mehrwert in der Portfoliokonstruktion.


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Product Details
  • ISBN-13: 9798357951755
  • Publisher: Amazon Digital Services LLC - Kdp
  • Publisher Imprint: Independently Published
  • Height: 203 mm
  • No of Pages: 156
  • Spine Width: 8 mm
  • Weight: 222 gr
  • ISBN-10: 8357951759
  • Publisher Date: 27 Feb 2023
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Sub Title: Investieren in Katastrophenanleihen
  • Width: 133 mm


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