Managing Catastrophic Disaster Risks Using Alternative Risk Financing and Pooled Insurance Structures

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Author :
Publisher : World Bank Publications
ISBN 13 : 9780821349175
Total Pages : 132 pages
Book Rating : 4.3/5 (491 download)

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Book Synopsis Managing Catastrophic Disaster Risks Using Alternative Risk Financing and Pooled Insurance Structures by : John D. Pollner

Download or read book Managing Catastrophic Disaster Risks Using Alternative Risk Financing and Pooled Insurance Structures written by John D. Pollner and published by World Bank Publications. This book was released on 2001-01-01 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the existing constraints and opportunities to implement a catastrophe insurance system which can resolve the key obstacles currently impeding broader implementation of a risk funding approach. The four main pillars in such a strategy involve: strengthening the insurance sector regulatory requirements and supervision; establishment of broad based pooled catastrophe funding structures with efficient risk transfer tools; promoting public insurance policies linked to programs for loss reduction in the uninsured sectors; and strengthening the risk assessment and enforcement of structural measures such as zoning and building code compliance.

Catastrophe Risk Management

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 130 pages
Book Rating : 4./5 ( download)

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Book Synopsis Catastrophe Risk Management by : John D. Pollner

Download or read book Catastrophe Risk Management written by John D. Pollner and published by World Bank Publications. This book was released on 2001 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: In providing support for disaster-prone areas such as the Caribbean, the development community has begun to progress from disaster reconstruction assistance to funding for investment in mitigation as an explicit tool for sustainable development. Now it must enter a new phase, applying risk transfer mechanisms to address the financial risk of exposure to catastrophic events that require funding beyond what can be controlled solely through mitigation and physical measures.

Catastrophe Risk Management

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Publisher :
ISBN 13 :
Total Pages : 126 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Catastrophe Risk Management by : John Pollner

Download or read book Catastrophe Risk Management written by John Pollner and published by . This book was released on 2016 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: In providing support for ...

Assessing the Enabling Environment for Disaster Risk Financing

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9292622668
Total Pages : 93 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Assessing the Enabling Environment for Disaster Risk Financing by : Asian Development Bank

Download or read book Assessing the Enabling Environment for Disaster Risk Financing written by Asian Development Bank and published by Asian Development Bank. This book was released on 2020-06-01 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: Disasters damage and destroy infrastructure and disrupt economic activities and services, potentially delaying long-term development and hampering efforts to reduce poverty in the region. Countries require a strong enabling environment for disaster risk financing to ensure the timely availability of post-disaster funding. This report presents a comprehensive diagnostics tool kit that countries can apply to assess the financial management of disaster risk. The framework examines the state of the enabling environment and provides a basis to enhance financial resilience with insurance and other risk transfer instruments. It incorporates lessons from the country diagnostics assessments for Fiji, Nepal, Pakistan, and Sri Lanka that made use of the tool kit and methodology.

Catastrophic Risks and Insurance

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Author :
Publisher : OECD Publishing
ISBN 13 :
Total Pages : 436 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Catastrophic Risks and Insurance by :

Download or read book Catastrophic Risks and Insurance written by and published by OECD Publishing. This book was released on 2005 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is the eighth of a series devoted to major policy issues in insurance, and sets out the proceedings of a conference, held in Paris in November 2004, to discuss options for dealing with losses caused by large-scale disasters. It contains a selection of papers and reports which focus on three key issues: the insurability of catastrophic risks; the extent to which financial markets can help address the risks of both natural disasters and terrorism; and the role of governments and public-private partnerships in the management of such risks.

Catastrophe Risk Financing in Developing Countries

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821377361
Total Pages : 299 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Catastrophe Risk Financing in Developing Countries by : J. David Cummins

Download or read book Catastrophe Risk Financing in Developing Countries written by J. David Cummins and published by World Bank Publications. This book was released on 2009 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Catastrophe Risk Financing in Developing Countries' provides a detailed analysis of the imperfections and inefficiencies that impede the emergence of competitive catastrophe risk markets in developing countries. The book demonstrates how donors and international financial institutions can assist governments in middle- and low-income countries in promoting effective and affordable catastrophe risk financing solutions. The authors present guiding principles on how and when governments, with assistance from donors and international financial institutions, should intervene in catastrophe insurance markets. They also identify key activities to be undertaken by donors and institutions that would allow middle- and low-income countries to develop competitive and cost-effective catastrophe risk financing strategies at both the macro (government) and micro (household) levels. These principles and activities are expected to inform good practices and ensure desirable results in catastrophe insurance projects. 'Catastrophe Risk Financing in Developing Countries' offers valuable advice and guidelines to policy makers and insurance practitioners involved in the development of catastrophe insurance programs in developing countries.

Policy Issues in Insurance Terrorism Risk Insurance in OECD Countries

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264008748
Total Pages : 290 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis Policy Issues in Insurance Terrorism Risk Insurance in OECD Countries by : OECD

Download or read book Policy Issues in Insurance Terrorism Risk Insurance in OECD Countries written by OECD and published by OECD Publishing. This book was released on 2005-07-05 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents OECD policy conclusions and leading academic analysis on the financial management of terrorism risk nearly four years after the World Trade Centre attacks.

Catastrophic Risk

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 0470015454
Total Pages : 190 pages
Book Rating : 4.4/5 (7 download)

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Book Synopsis Catastrophic Risk by : Erik Banks

Download or read book Catastrophic Risk written by Erik Banks and published by John Wiley & Sons. This book was released on 2005-09-27 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Catastrophic risk is one of the most significant and challenging areas of corporate risk management. Analyze this risk for your company with Catastrophic Risk and make sure you have sufficient resources to absorb losses and avoid financial distress. The first comprehensive volume to address this topic from a financial perspective, this book is a guide to the worst financial risks threatening companies and industries today. Author Eric Banks begins with a consideration of ?catastrophe? and its mplications, looks at the state of actuarial and financial modelling of catastrophe risks, and discusses the creation of a risk management framework that will enable the efficient and secure management of exposure. Catastrophic Risk is essential reading if you're a corporate treasurer, CFO, or insurance/financial risk manager responsible for corporate risk management. Order your copy today.

The Macro Financing of Natural Hazards in Developing Countries

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4./5 ( download)

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Book Synopsis The Macro Financing of Natural Hazards in Developing Countries by : Olivier Mahul

Download or read book The Macro Financing of Natural Hazards in Developing Countries written by Olivier Mahul and published by World Bank Publications. This book was released on with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors propose a financial model to address the design of efficient risk financing strategies against natural disasters at the country level. It is simple enough to shed analytical light on some of the key issues but flexible and realistic enough to provide some quantitative guidance on the ex ante financing of catastrophic losses. The risk financing problem is decomposed into two steps. First, the resource gap, defined as the difference between losses and available ex-post resources (such as post-disaster aid), is identified. It determines the losses to be financed by ex ante financial instruments (reserves, catastrophe insurance, and contingent debt). Second, the cost-minimizing financial arrangements are derived from the marginal costs of the financial instruments. The model is solved through a series of graphical analyses that make this complex financial problem easier to apprehend. This model captures and explains the main impacts of financial parameters (such as insurance premium, cost of capital) on efficient risk financing structures.

Insuring Against Climate Change

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Author :
Publisher : Routledge
ISBN 13 : 1000033546
Total Pages : 197 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Insuring Against Climate Change by : Nikolas Scherer

Download or read book Insuring Against Climate Change written by Nikolas Scherer and published by Routledge. This book was released on 2020-02-19 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides one of the first systematic in-depth studies on regional catastrophe risk pools. It explores the various goals of these new financial instruments, illustrating how they function on a conceptual, technical and practical level, and reconstructs their political genesis. With climate-related disasters increasing in frequency and severity, Insuring Against Climate Change explores how affected countries, especially those in the Global South, have increasingly turned to innovative index insurance instruments, as demonstrated by the creation of the Caribbean Catastrophic Risk Insurance Facility (CCRIF), the African Risk Capacity (ARC) and the Pacific Catastrophe Risk Assessment and Financing Initiative Facility (PCRAFI Facility). Scherer scrutinizes the formation of this trend, exploring comparatively the goals, characteristics and histories of these tools, and argues that their attractiveness rests more on political than economic benefits and is, in fact, more supply than demand-driven. Making a significant contribution to current debates on the opportunities and limitations of what are sometimes described as indirect ‘climate risk insurance’, this book will be of great interest to political scientists with an interest in insurance instruments and climate-related disaster management politics as well as to practitioners working in the insurance, finance and the development sectors.

Small States in the Global Economy

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Author :
Publisher : Commonwealth Secretariat
ISBN 13 : 9780850926736
Total Pages : 628 pages
Book Rating : 4.9/5 (267 download)

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Book Synopsis Small States in the Global Economy by : David Peretz

Download or read book Small States in the Global Economy written by David Peretz and published by Commonwealth Secretariat. This book was released on 2001 with total page 628 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of papers presented to the Commonwealth Secretariat/World Bank Joint Task Force conferences sets out an agenda for future national, regional and international actions to address economic vulnerabilities of small states.

Natural Disaster Risk Management

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Author :
Publisher : Springer
ISBN 13 : 3319206753
Total Pages : 529 pages
Book Rating : 4.3/5 (192 download)

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Book Synopsis Natural Disaster Risk Management by : Ulrich Ranke

Download or read book Natural Disaster Risk Management written by Ulrich Ranke and published by Springer. This book was released on 2015-09-18 with total page 529 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook provides a thorough introduction to natural disaster risk management. Many aspects of disaster risk management, such as those involved in earthquakes, volcanic eruptions, floods, avalanches and mudslides call for similar prevention and preparedness instruments, management concepts, and countermeasures. This textbook assumes the viewpoint of a regional disaster risk manager who is responsible for a certain area, and for making the lives of the people who live there safer, regardless of the type of natural disaster that may occur. The same holds true for boosting preparedness and awareness in the population at risk. The book includes numerous examples of hazard mitigation concepts and techniques, as well as ways of intensively involving the local population in prevention schemes at an early stage. Furthermore, it provides an in-depth examination of the function of risk communication, both as an instrument for disseminating official information and as a function of public media. In closing, a chapter on risk splitting offers insights into insurance-based models for risk financing. This comprehensive book is a must-read for all students, researchers and practitioners dealing with natural disaster risk management.

Earthquake Insurance in Turkey

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821365843
Total Pages : 136 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Earthquake Insurance in Turkey by :

Download or read book Earthquake Insurance in Turkey written by and published by World Bank Publications. This book was released on 2006-01-01 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: The persistent potential for large scale natural disasters has become a real concern for the Turkish government since the late 1990s, which ultimately led to the establishment of the Turkish Catastrophe Insurance Pool (TCIP). Among the main rationale of the creation of the TCIP were a grave government fiscal exposure to natural disasters and a disproportionately low level of catastrophe insurance penetration for such a disaster-prone country. Since the commencement of this program in 2000, the TCIP has provided coverage to more than 2 million households, being by far the largest insurance program in the country. In four years, the TCIP has managed to become one of the most trusted brand names in the Turkish insurance industry, and one of the largest catastrophe insurance pools in the world. Its success has also brought an international recognition, inspiring more than a dozen of countries world wide. The TCIP experience has also been a watershed for the World Bank as it has led to a rethinking of the roles of ex ante risk management relative to ex post donor support. This book presents the main technical imperatives and challenges in the development and the implementation of the TCIP and shows how a public-private partnership may be the way forward in the financing of natural disasters. If offers valuable advise and guidelines to policymakers involved in the development of catastrophe insurance programs.

Economics of Natural Disasters

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Author :
Publisher : Springer Nature
ISBN 13 : 9819974305
Total Pages : 537 pages
Book Rating : 4.8/5 (199 download)

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Book Synopsis Economics of Natural Disasters by : Prarthna Agarwal Goel

Download or read book Economics of Natural Disasters written by Prarthna Agarwal Goel and published by Springer Nature. This book was released on with total page 537 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Climate Change Damage And International Law

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Publisher : Martinus Nijhoff Publishers
ISBN 13 : 9004146504
Total Pages : 419 pages
Book Rating : 4.0/5 (41 download)

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Book Synopsis Climate Change Damage And International Law by : Roda Verheyen

Download or read book Climate Change Damage And International Law written by Roda Verheyen and published by Martinus Nijhoff Publishers. This book was released on 2005-01-01 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first comprehensive assessment of the legal duties of states with regard to human induced climate change damage. By discussing the current state of climate science in the context of binding international law, it convincingly argues that compensation for such damage could indeed be recoverable. The author analyses legal duties requiring states to prevent climate change damage, and discusses to what extent a breach of these duties will give rise to state responsibility (international liability). The analysis includes the UN Framework Convention on Climate Change and the Kyoto Protocol, but also various nature/ biodiversity protection and law of the sea instruments, as well as the no-harm-rule as a key provision of customary international law. The challenge in applying the different aspects of the law on state responsibility, including causation and standard of proof, are discussed in three case studies, and the questions raised by multiple polluters explored in depth. Against this background, the author advocates an internationally negotiated solution to the issue of climate change damage.

The Business of Global Environmental Governance

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Publisher : MIT Press
ISBN 13 : 9780262621885
Total Pages : 380 pages
Book Rating : 4.6/5 (218 download)

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Book Synopsis The Business of Global Environmental Governance by : David L. Levy

Download or read book The Business of Global Environmental Governance written by David L. Levy and published by MIT Press. This book was released on 2005 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theoretical and empirical accounts of the role of business in shaping international environmental policies.

Historical Dictionary of the World Bank

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Publisher : Scarecrow Press
ISBN 13 : 0810878658
Total Pages : 455 pages
Book Rating : 4.8/5 (18 download)

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Book Synopsis Historical Dictionary of the World Bank by : Sarah Tenney

Download or read book Historical Dictionary of the World Bank written by Sarah Tenney and published by Scarecrow Press. This book was released on 2013-10-30 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition of the Historical Dictionary of the World Bank shows the substantial progress the Bank has made, this mainly through the dictionary section with concise entries on its component institutions, related organizations, its achievements in various fields, some of the major projects and member countries, and its various presidents. The introduction explains how the Bank works while the chronology traces the major events over nearly 70 years. Meanwhile, the list of acronyms reminds us just who the main players are. And the bibliography directs readers to useful internal documentation and outside studies.