# Catastrophe risk

- Canonical URL: https://www.gerhardmerk.de/catastrophe-risk
- Post ID: 589401
- Modified: 2023-07-25T21:01:24+00:00
- Language: en

## Definition

Part of operational risk. Catastrophe risks include fires, severe weather - storm damage, floods - , earthquakes and related disruptions to the energy supply (electricity cuts; power failures) and similar events. A pandemic is also usually counted as a catastrophe risk. - See flash crash, hell-and-flood contract, hurricane shock, information hedge, insurance-linked securities, catastrophe bonds, shock, external, electricity risk, terror shock, uncertainty, weather derivative, worst-case scenario. - Cf. Monthly Report of the Deutsche Bundesbank of August 2014, pp. 23 et seq. (weather-related influences on the national product using the example of the United States; overviews; references). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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