INSURANCE-LINKED SECURITIES AND PARAMETRIC LOSS INDEXES
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The change of the climate on the Earth has impact on Slovakia as well. The article gives the suggestion of the Alternative Risk Transfer - ART in Slovakia. In the year 2004 there was a hurricane across the High Tatras and Slovakia was not prepared for the insurance of such a catastrophe. The article is aimed at the suggestion of introducing the parametrical index for the hurricane in Slovakia which would save as a basis for further financial products which would insure against this kind of risk.
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