Publication: Pooling, Saving, and Prevention : A Comprehensive Insurance Approach to Social Risk Management
Date
2004-01
ISSN
Published
2004-01
Author(s)
Packard, Truman
Abstract
Individuals and societies can respond in
a variety of ways when faced with the prospect of economic
losses from shocks like natural disasters, sickness, sudden
death, disability and unemployment. Social risk management
is a conceptual framework encompassing three broad
categories of response: prevention, mitigation, and coping.
The comprehensive Insurance approach focuses on mitigation,
offering a tool for determining which insurance instruments
and preventive measures will be most effective given the
size and frequency of various types of possible economic
losses. This article explains the comprehensive insurance
framework, and uses it to assess recent reforms in
Chile's unemployment insurance system.
Citation
“Packard, Truman. 2004. Pooling, Saving, and Prevention : A Comprehensive Insurance Approach to Social Risk Management. en breve; No. 38. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/25903116-d0fe-54c2-bcff-4fc813511b8a License: CC BY 3.0 IGO.”