Principles of Risk Management and Insurance, 13th Edition

Long description

Catastrophe bonds: annual number of transactions and issue size. A graph of risk capital issued and number of issuances by year includes a bar graph and a plot. The following list provides the data for the bar graph of risk capital, with all dollar amounts in U S dollars in millions.

• 1997, 633.0

• 1998, 846.1

• 1999, 984.8

• 2000, 1,139.0

• 2001, 986.9

• 2002, 1,219.5

• 2003, 1,729.8

• 2004, 1,142.6

• 2005, 1,991.1

• 2006, 4,693.4

• 2007, 6,996.3

• 2008, 2,636.6

• 2009, 3,391.7

• 2010, 4,600.0

• 2011, 4,108.8

The plot of number of issuances roughly follows the bar graph data; when the bar graph rises, the number of issuances rises and vice versa. The graph between 1997 and 2001 rises markedly higher than the bar graph of risk capital. It starts at (1997, ...