The Financing Of Catastrophe Risk

The Financing Of Catastrophe Risk 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 The Financing Of Catastrophe Risk book. This book definitely worth reading, it is an incredibly well-written.

The Financing of Catastrophe Risk

Kenneth A. Froot
The Financing of Catastrophe Risk Book PDF

Author : Kenneth A. Froot
Publisher : University of Chicago Press
Page : 490 pages
File Size : 50,6 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226266251

Get Book

The Financing of Catastrophe Risk by Kenneth A. Froot Pdf

Is it possible that the insurance and reinsurance industries cannot handle a major catastrophe? Ten years ago, the notion that the overall cost of a single catastrophic event might exceed $10 billion was unthinkable. With ever increasing property-casualty risks and unabated growth in hazard-prone areas, insurers and reinsurers now envision the possibility of disaster losses of $50 to $100 billion in the United States. Against this backdrop, the capitalization of the insurance and reinsurance industries has become a crucial concern. While it remains unlikely that a single event might entirely bankrupt these industries, a big catastrophe could place firms under severe stress, jeopardizing both policy holders and investors and causing profound ripple effects throughout the U.S. economy. The Financing of Catastrophe Risk assembles an impressive roster of experts from academia and industry to explore the disturbing yet realistic assumption that a large catastrophic event is inevitable. The essays offer tangible means of both reassessing and raising the level of preparedness throughout the insurance and reinsurance industries.

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 : 40,8 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.

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 : 44,8 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.

Catastrophe Risk Management

John D. Pollner
Catastrophe Risk Management Book PDF

Author : John D. Pollner
Publisher : World Bank Publications
Page : 130 pages
File Size : 50,9 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.

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 : 45,5 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.

The Limited Financing of Catastrophe Risk

Kenneth Froot
The Limited Financing of Catastrophe Risk Book PDF

Author : Kenneth Froot
Publisher : Unknown
Page : 34 pages
File Size : 50,6 Mb
Release : 1997
Category : Disaster insurance
ISBN : UCLA:L0074876210

Get Book

The Limited Financing of Catastrophe Risk by Kenneth Froot Pdf

This paper argues that the financial exposure of households and firms to natural catastrophe disasters is borne primarily by insurance companies. Surprisingly, insurers use reinsurance to cover only a small fraction of theseexposures, yet many insurers do not have enough capital and surplus to survive medium or large disasters. In a well-functioning financial system, these risks would be more widely shared. This paper articulates eight different explanations that may lie behind the limited risk sharing, relating them both to recent industry developments and financial theory. I then examine how financial innovation can help change the equilibrium toward a more efficient outcome.

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 : 40,8 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.

Catastrophe Risk Management

John Pollner
Catastrophe Risk Management Book PDF

Author : John Pollner
Publisher : Unknown
Page : 126 pages
File Size : 48,7 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290704909

Get Book

Catastrophe Risk Management by John Pollner Pdf

In providing support for ...

Catastrophe Modeling

Patricia Grossi,Howard Kunreuther
Catastrophe Modeling Book PDF

Author : Patricia Grossi,Howard Kunreuther
Publisher : Springer Science & Business Media
Page : 252 pages
File Size : 49,8 Mb
Release : 2006-01-27
Category : Business & Economics
ISBN : 9780387231297

Get Book

Catastrophe Modeling by Patricia Grossi,Howard Kunreuther Pdf

Based on the research that has been conducted at Wharton Risk Management Center over the past five years on catastrophic risk. Covers a hot topic in the light of recent terroristic activities and nature catastrophes. Develops risk management strategies for reducing and spreading the losses from future disasters. Provides glossary of definitions and terms used throughout the book.

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 : 42,7 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.

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

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

Author : John D. Pollner
Publisher : World Bank Publications
Page : 132 pages
File Size : 51,6 Mb
Release : 2001-01-01
Category : Business & Economics
ISBN : 0821349171

Get Book

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

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.

Natural Catastrophe Risk Management and Modelling

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

Author : Kirsten Mitchell-Wallace,Matthew Jones,John Hillier,Matthew Foote
Publisher : John Wiley & Sons
Page : 536 pages
File Size : 45,5 Mb
Release : 2017-04-24
Category : Science
ISBN : 9781118906071

Get Book

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.

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 : 42,6 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 : 97 pages
File Size : 45,7 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.

Policy Issues in Insurance Catastrophic Risks and Insurance

OECD
Policy Issues in Insurance Catastrophic Risks and Insurance Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 424 pages
File Size : 55,5 Mb
Release : 2005-07-06
Category : Electronic
ISBN : 9789264009950

Get Book

Policy Issues in Insurance Catastrophic Risks and Insurance by OECD Pdf

These conference proceedings present academic analysis, country reports, and financial/insurance company assessments on how to handle losses caused by large-scale catastrophes including terrorism and atmospheric perils.