Pricing Zero-Coupon Catastrophe Bonds Using EVT with Doubly Stochastic Poisson Arrivals
The frequency and severity of climate abnormal change displays an irregular upward cycle as global warming intensifies.Therefore, this paper employs a doubly stochastic Poisson process with Black Derman Toy (BDT) intensity to describe the catastrophic characteristics.By using the Property popularfilm.blog Claim Services (PCS) loss index data from 2