Cat bond lite

{
  "id": "MLC-T-INS-000705",
  "term": "Cat bond lite",
  "field": "Insurance and risk management",
  "definition": "A type of catastrophe bond with a simplified structure and lower issuance costs compared to traditional cat bonds. These transactions often involve smaller deal sizes, standardized documentation, and private placement with a limited number of investors. The reduced complexity and expense make them an accessible alternative for smaller insurers or for covering more specific, regional perils that do not warrant a full-scale, publicly issued catastrophe bond.",
  "url": "https://mlchart.com/terminology/insurance/cat-bond-lite/"
}