Modeling earthquake bond prices with correlated dual trigger indices and the approximate solution using the Monte Carlo algorithm

A team of researchers from Universitas Padjadjaran, Indonesia, including Yuliani Indrianingsih, Sukono, Sri Wulandari, and Eridani, in collaboration with Sardar M.N. Islam from Victoria University, Australia, has developed a new model for pricing earthquake catastrophe bonds (CAT bonds) using correlated…



