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Analyzing the Macro-Factors Affecting the Issuance of Cat-Based Securities: A Study of the Meta-Combination of Cat Bonds and Sidecars in the Face of Weather Risks
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Masoumeh Nouri1   , Ebrahim Chirani2 , Seyedmozafar Mir barg kar1 |
1- Department of Financial Management, Ra.C., Islamic Azad University, Rasht, Iran
2- Department of Financial Management, Ra.C., Islamic Azad University, Rasht, Iran , echirani@iau.ac.ir |
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Abstract: (109 Views) |
The aim of this study is to identify the factors affecting the issuance of disaster-related securities, including Cat Bond and Sidecar, with an emphasis on their role in managing the risk of weather events. This study was conducted with a qualitative approach and based on the meta-synthesis method. For this purpose, concepts related to disaster bonds were examined and coded. After systematic screening of sources and analysis of their content, 27 financial variables in the form of 4 macro-dimensions were identified as factors related to the issuance of these bonds. The research findings provide a comprehensive picture of the components affecting the issuance of these two bonds, which can be a basis for decision-making by financial and insurance policymakers in designing new solutions for managing the risk of weather events |
Article number: 25 |
| Keywords: Insurance bonds, Risk management, Weather events, Meta-synthesis, Cat Bond, Sidecar |
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Full-Text [PDF 1215 kb]
(67 Downloads)
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Article type: Research |
Subject:
General
Received: 2025/10/3 | Accepted: 2026/02/16 | Published: 2026/03/1
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