Current Affairs · Disaster Risk Financing
Consider the following statements regarding Catastrophe (Cat) Bonds: I. Cat bonds combine features of insurance and debt instruments. II. They are designed to transfer predefined disaster-related risks to investors. III. Cat bonds are equity securities that provide ownership rights in reconstruction projects after disasters. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2I and III only
- 3II and III only
- 4I and II only✓
Correct answer
I and II only
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