Amazon Quiz (May 5, 2021): The Danish Red Cross has launched a 'first-of-a-kind' catastrophe bond for what kind of disasters?

Options:

  • 1. Volcanic eruptions
  • 2. Tsunamis
  • 3. Wildfires
  • 4. Ice storms

Answer: Volcanic eruptions

The Danish Red Cross, earlier this year, launched the world’s first catastrophe bond for volcanic eruptions. The cat bond, which covers 10 volcanoes from three continents, and aims to raise $3 million from investors after the event of a volcanic eruption. It partnered with blockchain startup Replexus to issue the bond. Initial investors of the bond include Plenum Investments, Schroder Investment Management and Solidum Partners.

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