Valuing Catastrophe Bonds Involving Credit Risks

Table 1

Descriptive statistic of catastrophe losses data (billion dollars).

Sample size (𝑛)	Minimum	Maximum	Mean	Standard deviation	Skewness		Kurtosis
					Statistic	Std. error	Statistic	Std. error
27	0.168	4.7337	7.046	10.697	2.539	0.448	7.193	0.872