Financial Risk Management For Natural Catastrophes

Author : Juan José Durante,Rafael Rosillo
Publisher : Springer Nature
Page : 69 pages
File Size : 48,6 Mb
Release : 2020-08-11
Category : Business & Economics
ISBN : 9783030437084

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Natural Disasters and Climate Change by Juan José Durante,Rafael Rosillo Pdf

This book presents a technical approach to promoting the development of disaster and climate change risk financing and transfer strategies, and discusses several practical issues, chiefly focusing on Latin America and the Caribbean. Innovative risk financing and insurance mechanisms are vital for governments around the world, in order to provide financial protection and reduce the economic costs and social and developmental impacts of natural disasters and climate change. The book’s main content is complemented by a wealth of graphics, diagrams and tables that illustrate the concepts discussed and make the text accessible for practitioners and non-practitioners alike. The book offers proven, creative and innovative ideas on how to tackle risk financing and management for natural disasters and climate change. Strategic topics such as sovereign disaster risk financing, property catastrophe risk insurance, and agricultural insurance are also discussed.

Author : Neil Richard Britton,John Oliver
Publisher : Unknown
Page : 300 pages
File Size : 55,7 Mb
Release : 1997
Category : Disaster insurance
ISBN : PSU:000033532738

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Financial Risk Management for Natural Catastrophes by Neil Richard Britton,John Oliver Pdf

Author : Stefan Hochrainer
Publisher : Springer Science & Business Media
Page : 213 pages
File Size : 48,9 Mb
Release : 2007-12-14
Category : Business & Economics
ISBN : 9783835094413

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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.

Author : John D. Pollner
Publisher : World Bank Publications
Page : 130 pages
File Size : 44,6 Mb
Release : 2001
Category : Disaster insurance
ISBN : 8210379456XXX

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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.

Author : John Pollner
Publisher : World Bank Publications
Page : 221 pages
File Size : 50,7 Mb
Release : 2012-07-17
Category : Business & Economics
ISBN : 9780821395790

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Financial and Fiscal Instruments for Catastrophe Risk Management by John Pollner Pdf

An insurance-like mechanism for National Governments can be tailored for country-portfolio needs for buildings, properties and critical infrastructure. By virtue of the broad territorial scope, fiscal support should use mechanisms that provide payments triggered by physical flood measurements in selected areas (rather than site-by-site losses as in the traditional insurance industry). A multi-country mechanism for insurance pooling of risks to protect infrastructure can also provide major cost efficiencies for all governments, using parametric-or index contracts. Savings from pooling can range from 25 to 33 percent of the financing costs that each country would otherwise have paid on its own. There are several instruments and options for both insurance, and debt financed mechanisms for funding catastrophes. All instruments can be analyzed based on equivalencies in terms of market spreads.

Author : Kirsten Mitchell-Wallace,Matthew Jones,John Hillier,Matthew Foote
Publisher : John Wiley & Sons
Page : 536 pages
File Size : 43,8 Mb
Release : 2017-04-24
Category : Science
ISBN : 9781118906071

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Natural Catastrophe Risk Management and Modelling by Kirsten Mitchell-Wallace,Matthew Jones,John Hillier,Matthew Foote Pdf

This book covers both the practical and theoretical aspects of catastrophe modelling for insurance industry practitioners and public policymakers. Written by authors with both academic and industry experience it also functions as an excellent graduate-level text and overview of the field. Ours is a time of unprecedented levels of risk from both natural and anthropogenic sources. Fortunately, it is also an era of relatively inexpensive technologies for use in assessing those risks. The demand from both commercial and public interests—including (re)insurers, NGOs, global disaster management agencies, and local authorities—for sophisticated catastrophe risk assessment tools has never been greater, and contemporary catastrophe modelling satisfies that demand. Combining the latest research with detailed coverage of state-of-the-art catastrophe modelling techniques and technologies, this book delivers the knowledge needed to use, interpret, and build catastrophe models, and provides greater insight into catastrophe modelling’s enormous potential and possible limitations. The first book containing the detailed, practical knowledge needed to support practitioners as effective catastrophe risk modellers and managers Includes hazard, vulnerability and financial material to provide the only independent, comprehensive overview of the subject, accessible to students and practitioners alike Demonstrates the relevance of catastrophe models within a practical, decision-making framework and illustrates their many applications Includes contributions from many of the top names in the field, globally, from industry, academia, and government Natural Catastrophe Risk Management and Modelling: A Practitioner’s Guide is an important working resource for catastrophe modelling analysts and developers, actuaries, underwriters, and those working in compliance or regulatory functions related to catastrophe risk. It is also valuable for scientists and engineers seeking to gain greater insight into catastrophe risk management and its applications.

Author : OECD
Publisher : OECD Publishing
Page : 136 pages
File Size : 49,7 Mb
Release : 2016-07-29
Category : Electronic
ISBN : 9789264257689

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Financial Management of Flood Risk by OECD Pdf

Disasters present a broad range of human, social, financial, economic and environmental impacts, with potentially long-lasting effects. This report applies the lessons from the OECD’s analysis of disaster risk financing practices and its risk guidance to the specific case of floods.

Author : Eugene N. Gurenko
Publisher : World Bank Publications
Page : 366 pages
File Size : 41,5 Mb
Release : 2004
Category : Banks and Banking Reform
ISBN : 9781904339205

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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.

Author : Charlotte Benson,Edward J. Clay
Publisher : World Bank Publications
Page : 136 pages
File Size : 52,9 Mb
Release : 2004
Category : Electronic
ISBN : 0821356852

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Understanding the economic and financial impacts of natural disasters by Charlotte Benson,Edward J. Clay Pdf

Author : Akiko Kamesaka,Franz Waldenberger
Publisher : Springer Nature
Page : 124 pages
File Size : 52,5 Mb
Release : 2019-11-23
Category : Business & Economics
ISBN : 9789811390050

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Governance, Risk and Financial Impact of Mega Disasters by Akiko Kamesaka,Franz Waldenberger Pdf

This book addresses researchers, practitioners, and policy makers interested in understanding the financial implications of mega-disaster risks as well as in seeking possible solutions with regard to governance, the allocation of financial risk, and resilience. The first part of this book takes the example of Japan and studies the impact of mega earthquakes on government finance, debt positions of private household and businesses, capital markets, and investor behavior by way of economic modeling as well as case studies from recent major disasters. In Japan, the probability of a mega earthquake hitting dense agglomerations is very high. Like other large-scale natural disasters, such events carry systemic risks, i.e., they can trigger disruptions endangering the stability of the social, economic, and political order. The second part looks at the experience of the Japanese government as a provider of disaster-risk finance and an active partner in international collaboration. It concludes with an analysis of the general characteristics of systemic risk and approaches to improve resilience.

Author : Mr.Muthukumara Mani,Mr.Michael Keen,Mr.Paul K. Freeman
Publisher : International Monetary Fund
Page : 39 pages
File Size : 50,5 Mb
Release : 2003-10-01
Category : Nature
ISBN : 9781451860030

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Dealing with Increased Risk of Natural Disasters by Mr.Muthukumara Mani,Mr.Michael Keen,Mr.Paul K. Freeman Pdf

Natural disaster risk is emerging as an increasingly important constraint on economic development and poverty reduction. This paper first sets out the key stylized facts in the area-that the costs of disaster have been increasing, seem set to continue to increase, and bear especially heavily on the poorest. It then reviews the key economic issues at stake, focusing in particular on the actual and prospective roles of, and interaction between, market instruments and public interventions in dealing with disaster risk. Key sources of market failure include the difficulty of risk spreading and, perhaps even more fundamental, the Samaritan's dilemma: the underinvestment in protective measures associated with the rational expectation that others will provide support if disaster occurs. Innovations addressing each of these are discussed.

Author : OECD
Publisher : OECD Publishing
Page : 108 pages
File Size : 41,5 Mb
Release : 2018-05-03
Category : Electronic
ISBN : 9789264298798

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OECD Reviews of Risk Management Policies Assessing the Real Cost of Disasters The Need for Better Evidence by OECD Pdf

This report provides an overview of countries' efforts to improve the quality and quantity of information on the costs of disasters.

Author : Charlotte Benson,Edward J. Clay
Publisher : World Bank Publications
Page : 136 pages
File Size : 42,5 Mb
Release : 2004
Category : Disaster relief
ISBN : UCSD:31822033279829

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Understanding the Economic and Financial Impacts of Natural Disasters by Charlotte Benson,Edward J. Clay Pdf

Disaster prevention and mitigation are integral to development activities. In February 2000, the World Bank's Disaster Management Facility initiated a three-year study on the economic and financial consequences of natural disasters with the support of the U.K. Department for International Development.

Author : Alcira Kreimer,Margaret Arnold
Publisher : World Bank Publications
Page : 212 pages
File Size : 53,6 Mb
Release : 2000-01-01
Category : Social Science
ISBN : 0821347268

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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.

Author : J. David Cummins,Olivier Mahul
Publisher : World Bank Publications
Page : 299 pages
File Size : 55,8 Mb
Release : 2009
Category : Political Science
ISBN : 9780821377369

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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.