Catastrophe Risk Financing In Developing Countries

Catastrophe Risk Financing In Developing Countries Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Catastrophe Risk Financing In Developing Countries book. This book definitely worth reading, it is an incredibly well-written.

Catastrophe Risk Financing in Developing Countries

J. David Cummins,Olivier Mahul
Catastrophe Risk Financing in Developing Countries Book PDF

Author : J. David Cummins,Olivier Mahul
Publisher : World Bank Publications
Page : 299 pages
File Size : 44,9 Mb
Release : 2009
Category : Political Science
ISBN : 9780821377369

Get Book

Catastrophe Risk Financing in Developing Countries by J. David Cummins,Olivier Mahul Pdf

'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.

Sovereign Natural Disaster Insurance for Developing Countries: A Paradigm Shift in Catastrophe Risk Financing

Francis Ghesquiere
Sovereign Natural Disaster Insurance for Developing Countries A Paradigm Shift in Catastrophe Risk Financing Book PDF

Author : Francis Ghesquiere
Publisher : World Bank Publications
Page : 26 pages
File Size : 42,6 Mb
Release : 2012
Category : Electronic
ISBN : 8210379456XXX

Get Book

Sovereign Natural Disaster Insurance for Developing Countries: A Paradigm Shift in Catastrophe Risk Financing by Francis Ghesquiere Pdf

Economic theory suggests that countries should ignore uncertainty for public investment and behave as if indifferent to risk because they can pool risks to a much greater extent than private investors can. This paper discusses the general economic theory in the case of developing countries. The analysis identifies several cases where the government's risk-neutral assumption does not hold, thus making rational the use of ex ante risk financing instruments, including sovereign insurance. The paper discusses the optimal level of sovereign insurance. It argues that, because sovereign insurance is usually more expensive than post-disaster financing, it should mainly cover immediate needs, while long-term expenditures should be financed through post-disaster financing (including ex post borrowing and tax increases). In other words, sovereign insurance should not aim at financing the long-term resource gap, but only the short-term liquidity need.

Climate Change and Insurance

Eugene N. Gurenko
Climate Change and Insurance Book PDF

Author : Eugene N. Gurenko
Publisher : Routledge
Page : 97 pages
File Size : 47,9 Mb
Release : 2015-02-13
Category : Business & Economics
ISBN : 9781136535444

Get Book

Climate Change and Insurance by Eugene N. Gurenko Pdf

Climate change brings about a new set of major economic risks arising from changing weather patterns, extreme weather events and rising sea levels. Most at risk are developing countries who, despite considerable post-disaster donor aid, have been bearing the major brunt of disaster-related losses. One adaptation solution that is rapidly gaining the support of countries and international donors is a risk transfer to the global reinsurance and capital markets. This volume, a special issue of the journal Climate Policy, explores the role that insurance-based mechanisms can play in helping developing countries prepare for climate change. It offers a unique and comprehensive perspective on the potential role of insurance solutions in global adaptation to climate change and attempts to engender debate on the role of insurance in reducing global emissions and encouraging climate-friendly corporate behaviour.

Sovereign Natural Disaster Insurance for Developing Countries

Olivier Mahul
Sovereign Natural Disaster Insurance for Developing Countries Book PDF

Author : Olivier Mahul
Publisher : Unknown
Page : 26 pages
File Size : 54,5 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290703267

Get Book

Sovereign Natural Disaster Insurance for Developing Countries by Olivier Mahul Pdf

Economic theory suggests that countries should ignore uncertainty for public investment and behave as if indifferent to risk because they can pool risks to a much greater extent than private investors can. This paper discusses the general economic theory in the case of developing countries. The analysis identifies several cases where the government's risk-neutral assumption does not hold, thus making rational the use of ex ante risk financing instruments, including sovereign insurance. The paper discusses the optimal level of sovereign insurance. It argues that, because sovereign insurance is usually more expensive than post-disaster financing, it should mainly cover immediate needs, while long-term expenditures should be financed through post-disaster financing (including ex post borrowing and tax increases). In other words, sovereign insurance should not aim at financing the long-term resource gap, but only the short-term liquidity need.

Climate Change and Insurance

Eugene N. Gurenko
Climate Change and Insurance Book PDF

Author : Eugene N. Gurenko
Publisher : Routledge
Page : 137 pages
File Size : 52,6 Mb
Release : 2015-02-13
Category : Political Science
ISBN : 9781136535437

Get Book

Climate Change and Insurance by Eugene N. Gurenko Pdf

Climate change brings about a new set of major economic risks arising from changing weather patterns, extreme weather events and rising sea levels. Most at risk are developing countries who, despite considerable post-disaster donor aid, have been bearing the major brunt of disaster-related losses. One adaptation solution that is rapidly gaining the support of countries and international donors is a risk transfer to the global reinsurance and capital markets. This volume, a special issue of the journal Climate Policy, explores the role that insurance-based mechanisms can play in helping developing countries prepare for climate change. It offers a unique and comprehensive perspective on the potential role of insurance solutions in global adaptation to climate change and attempts to engender debate on the role of insurance in reducing global emissions and encouraging climate-friendly corporate behaviour.

Climate Change and Insurance

EUGENE N. GURENKO
Climate Change and Insurance Book PDF

Author : EUGENE N. GURENKO
Publisher : Routledge
Page : 96 pages
File Size : 47,5 Mb
Release : 2019-05-31
Category : Electronic
ISBN : 1138384100

Get Book

Climate Change and Insurance by EUGENE N. GURENKO Pdf

Climate change brings about a new set of major economic risks arising from changing weather patterns, extreme weather events and rising sea levels. Most at risk are developing countries who, despite considerable post-disaster donor aid, have been bearing the major brunt of disaster-related losses. One adaptation solution that is rapidly gaining the support of countries and international donors is a risk transfer to the global reinsurance and capital markets. This volume, a special issue of the journal Climate Policy, explores the role that insurance-based mechanisms can play in helping developing countries prepare for climate change. It offers a unique and comprehensive perspective on the potential role of insurance solutions in global adaptation to climate change and attempts to engender debate on the role of insurance in reducing global emissions and encouraging climate-friendly corporate behaviour.

Catastrophe Risk Management

John D. Pollner
Catastrophe Risk Management Book PDF

Author : John D. Pollner
Publisher : World Bank Publications
Page : 130 pages
File Size : 50,6 Mb
Release : 2001
Category : Disaster insurance
ISBN : 8210379456XXX

Get Book

Catastrophe Risk Management by John D. Pollner Pdf

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.

The Macro Financing of Natural Hazards in Developing Countries

Olivier Mahul,Eugene Gurenko
The Macro Financing of Natural Hazards in Developing Countries Book PDF

Author : Olivier Mahul,Eugene Gurenko
Publisher : World Bank Publications
Page : 26 pages
File Size : 54,8 Mb
Release : 2024-05-22
Category : Electronic
ISBN : 8210379456XXX

Get Book

The Macro Financing of Natural Hazards in Developing Countries by Olivier Mahul,Eugene Gurenko Pdf

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.

Catastrophe Risk and Reinsurance

Eugene N. Gurenko
Catastrophe Risk and Reinsurance Book PDF

Author : Eugene N. Gurenko
Publisher : World Bank Publications
Page : 366 pages
File Size : 54,5 Mb
Release : 2004
Category : Banks and Banking Reform
ISBN : 9781904339205

Get Book

Catastrophe Risk and Reinsurance by Eugene N. Gurenko Pdf

Including the latest invaluable insights into catastrophe reinsurance, this book provides you with a wealth of risk management expertise gained from many of the largest catastrophe risk transfer programmes worldwide.

Disaster Risk Financing A global survey of practices and challenges

OECD
Disaster Risk Financing A global survey of practices and challenges Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 136 pages
File Size : 55,5 Mb
Release : 2015-11-04
Category : Electronic
ISBN : 9789264234246

Get Book

Disaster Risk Financing A global survey of practices and challenges by OECD Pdf

This book provides an overview of the disaster risk assessment and financing practices of a broad range of economies. It draws on the G20/OECD Framework for Disaster Risk Assessment and Risk Financing and is based on a survey covering 29 economies.

Macroeconomic Risk Management Against Natural Disasters

Stefan Hochrainer
Macroeconomic Risk Management Against Natural Disasters Book PDF

Author : Stefan Hochrainer
Publisher : Springer Science & Business Media
Page : 213 pages
File Size : 49,9 Mb
Release : 2007-12-14
Category : Business & Economics
ISBN : 9783835094413

Get Book

Macroeconomic Risk Management Against Natural Disasters by Stefan Hochrainer Pdf

Stefan Hochrainer develops a catastrophe risk management model. It illustrates which trade-offs and choices a country must make in managing economic risks due to natural disasters. Budgetary resources are allocated to pre-disaster risk management strategies to reduce the probability of financing gaps. The framework and model approach allows cross country comparisons as well as the assessment of financial vulnerability, macroeconomic risk, and risk management strategies. Three case studies demonstrate its flexibility and coherent approach.

Rapid Onset Natural Disasters

Eugene Gurenko,Rodney Lester
Rapid Onset Natural Disasters Book PDF

Author : Eugene Gurenko,Rodney Lester
Publisher : World Bank Publications
Page : 35 pages
File Size : 49,6 Mb
Release : 2004
Category : Natural disasters
ISBN : 8210379456XXX

Get Book

Rapid Onset Natural Disasters by Eugene Gurenko,Rodney Lester Pdf

Gurenko and Lester provide a conceptual framework for designing a comprehensive risk management strategy for rapid onset natural disasters at the country level, with a particular emphasis on the role of catastrophe loss funding. The authors discuss the key policy and technical issues involved in building financially sustainable catastrophe risk transfer and funding programs in disaster prone countries and their links to risk mitigation. They also deal with the cognitive and political economy issues that are likely to arise and ways to accommodate them. This paper--a product of the Financial Sector Operations and Policy Department--is part of a larger effort in the department to develop modern risk management approaches at the country level.

Natural Disaster Risk Management and Financing Disaster Losses in Developing Countries

Reinhard Mechler
Natural Disaster Risk Management and Financing Disaster Losses in Developing Countries Book PDF

Author : Reinhard Mechler
Publisher : Verlag Versicherungswirtschaft
Page : 312 pages
File Size : 41,7 Mb
Release : 2004-04-01
Category : Law
ISBN : 389952120X

Get Book

Natural Disaster Risk Management and Financing Disaster Losses in Developing Countries by Reinhard Mechler Pdf

Natural disasters may cause large economic impacts and impede socioeconomic development in developing countries considerably. Increasingly, risk management, the management of disasters before the actual occurrence of events, is being advocated. Risk financing measures taken by national governments, such as insurance und reinsurance, are important components of a risk management strategy. Often developing countries are not able to finance the costs of relief and reconstruction by their own means and have to rely on the international donor community as their "reinsurer of last resort". The main objective of the book is to establish a platform to provide information on the costs caused by disasters and the costs and benefits of disaster risk management focusing on ex-ante risk financing measures taken governments in developing countries. The final objective is to provide insight into the specific conditions where risk financing may constitute an option that provides net benefits and increases social welfare. The modelling using a stochastic simulation approach incorporates probabilistic information on the direct losses due to natural disasters into a macroeconomic projection model. Outputs are macroeconomic flow impacts such as impacts on GPD. In order to analyze the costs and benefits due to undertaking risk management measures, a Cost-Benefit Analysis approach is employed using the mean-variance method. Two case studies are conducted on countries with different exposures to disaster risk and different economic vulnerabilities: Honduras and Argentina. A major insight derived from the case studies is that under certain conditions risk financing arrangements may decrease the vulnerability to natural hazards resulting in more robust development in developing economics.

Managing Disaster Risk in Emerging Economies

Alcira Kreimer,Margaret Arnold
Managing Disaster Risk in Emerging Economies Book PDF

Author : Alcira Kreimer,Margaret Arnold
Publisher : World Bank Publications
Page : 212 pages
File Size : 50,6 Mb
Release : 2000-01-01
Category : Social Science
ISBN : 0821347268

Get Book

Managing Disaster Risk in Emerging Economies by Alcira Kreimer,Margaret Arnold Pdf

In 1999 natural catastrophes and man-made disasters claimed more than 105,000 lives, 95 percent of them in the developing world, and caused economic losses of around US$100 billion. In 1998 the twin disasters of the Yangtze and Hurrican Mitch accounted for two-thirds of the US$65 billion loss. The geographical areas affected may vary, but one constant is that the per capita burden of catastrophic losses is dramatically higher in developing countries. To respond to an increased demand to assist disaster rcovery programmes, the World Bank set up the Disaster Management Facility in 1998, to help provide the Bank with a more rapid and strategic response to disaster emergencies. The DMF focuses on risk identification, risk reduction, and risk sharing/transfer, the three major topics in this volume. The DMF also promotes strategic alliances with key private, government, multilateral and nongovernmental organisations to ensure the inclusion of disaster risk reduction as a central value of development. The most important of these partnerships is the ProVention Consortium, launched in February 2000, based on the premise that we must all take responsibility for making the new millennium a safer one.

Insuring Against Climate Change

Nikolas Scherer
Insuring Against Climate Change Book PDF

Author : Nikolas Scherer
Publisher : Routledge
Page : 197 pages
File Size : 41,7 Mb
Release : 2020-02-19
Category : Science
ISBN : 9781000033540

Get Book

Insuring Against Climate Change by Nikolas Scherer Pdf

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.