Insuring the Future: Catastrophe Bonds

Authors

  • Tinomuda Renee Nherudzo Thompson Rivers University

DOI:

https://doi.org/10.29173/bcelnfe769

Keywords:

climate risk finance, catastrophe bonds, climate adaptation financing, insurance protection gap, climate resilience, disaster risk management, climate vulnerability

Author Biography

Tinomuda Renee Nherudzo, Thompson Rivers University

Tinomuda Renee Nherudzo is a third-year undergraduate student in the Natural Resource Science program at Thompson Rivers University, with a strong interest in wildlife biology and conservation. Her academic interests focus on understanding animal ecology, wildlife management, and the relationships between wildlife populations and their environments. She is particularly interested in studying how environmental change, habitat loss, and human activity affect wildlife behaviour, population dynamics, and ecosystem balance. Through her studies, she has developed a passion for protecting biodiversity and promoting science-based approaches to wildlife conservation. Looking ahead, she aspires to pursue a career in wildlife biology, where she hopes to contribute to the research, management, and conservation of wildlife species and their habitats, helping to ensure healthy ecosystems for future generations.

References

Al-Nimri, A. (2025). The impact of climate change on the U.S. insurance industry and means of prevention. International Journal of Environment and Climate Change, 15, 4692. https://doi.org/10.9734/ijecc/2025/v15i14692

Collier, S., Elliott, R., & Lehtonen, T. (2021). Climate change and insurance. Economy and Society. 50(2), 158–172. https://doi.org/10.1080/03085147.2021.1903771

Cummins, J. D. (2008). CAT bonds and other risk-linked securities: State of the market and recent developments. Risk Management and Insurance Review, 11(1), 23–47. https://doi.org/10.1111/j.1540-6296.2008.00127.x

Huang, S., Zhang, J., & Zhu, W. (2021). Storm CAT bond: modelling and valuation. North American Actuarial Journal, 28(4), 718–743. https://doi.org/10.1080/10920277.2023.2226734

Maran, R. (2024). Do investors reward sovereign catastrophe bond issuance? Evidence from disaster-prone countries. Review of World Economics. https://doi.org/10.1007/s10290-024-00557-1

Melser, D., Le, T., & Ruthbah, U. (2024). Climate change and its impact on home insurance uptake in Australia. Ecological Economics, 108195. https://doi.org/10.1016/j.ecolecon.2024.108195

Moore, F. (2024). Learning, catastrophic risk and ambiguity in the climate change era. NBER Working Paper No. 32684. https://doi.org/10.3386/w32684

Pagano, A., Romagnoli, F., & Vannucci, E. (2020). Quantitative and financial aspects of resilience bonds in recursive insurance contracts. Environmental and Climate Technologies, 24, 387–402. https://doi.org/10.2478/rtuect-2020-0111

Polacek, A. (2018). Catastrophe bonds: A primer and retrospective. Chicago Fed Letter, (405). https://www.chicagofed.org/publications/chicago-fed-letter/2018/405

Roch, F., Ando, S., Wiriadinata, & U., Fu, C. (2022). Sovereign climate debt instruments. IMF Staff Climate Notes. https://doi.org/10.5089/9798400210006.066

Cover image with title: Perspectives on the economics of Climate Change. Special Issue, March 2026, Online ISSN: 2819-7046. Background image taken by Peter Tsigaris of the University of Auckland campus.

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Published

2026-03-17

How to Cite

Nherudzo, T. R. (2026). Insuring the Future: Catastrophe Bonds . Future Earth: A Student Journal on Sustainability and Environment. https://doi.org/10.29173/bcelnfe769

Issue

2026: Special Issue: Perspectives on the Economics of Climate Change

Section

Commentaries and Opinions

Categories

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