Pricing Zero-Coupon Catastrophe Bonds Using EVT with Doubly Stochastic Poisson Arrivals

<div>Adjusted total losses from natural catastrophes worldwide during 1970–2016 (USD billion, 2016 prices).</div>

Discrete Dynamics in Nature and Society

Figure 2: Pricing Zero-Coupon Catastrophe Bonds Using EVT with Doubly Stochastic Poisson Arrivals 