TY  - JOUR
AB  - Purpose– Two strands of the literature are combined, namely the modeling of disability insurance and the design, valuation and discussion of insurance-linked securities. Design/methodology/approach– This paper provides a discussion regarding the advantages and detriments of disability-linked securities in comparison with mortality-linked bonds and swaps as well as regarding potential disability-linked indices and the potential use. The discussion is followed by an introduction of a potential design and a corresponding valuation of disability bonds and swaps. Findings– This securitization will provide useful tools for the risk management of disability risk in a risk-based regulatory framework. Originality/value– No disability-linked securities have been defined and discussed so far.
VL  - 16
IS  - 4
SN  - 1526-5943
DO  - 10.1108/JRF-11-2014-0166
UR  - https://doi.org/10.1108/JRF-11-2014-0166
AU  - Maegebier Alexander Hendrik
PY  - 2015
Y1  - 2015/01/01
TI  - Securitization of disability risk via bonds and swaps
T2  - The Journal of Risk Finance
PB  - Emerald Group Publishing Limited
SP  - 407
EP  - 424
Y2  - 2021/04/16
ER  -