Publication:
Insurance against Climate Change : Financial Disaster Risk Management and Insurance Options for Climate Change Adaptation in Bulgaria

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2014-07-21T16:25:34Z
dc.date.available2014-07-21T16:25:34Z
dc.date.issued2014
dc.description.abstractBulgaria is exposed to nearly all types of climate extremes, including floods, droughts, and others, as well as earthquakes. The combination of insurance products, early warning systems, information campaigns, infrastructure adaptation measures, and strict regulations can be very useful in tackling the negative climate change impacts. This note provides an overview of the insurance sector s contribution to climate change - related risk prevention and highlights some of Bulgaria s ongoing disaster risk management (DRM) efforts. The note aims to raise awareness and emphasize the role that financial disaster risk management (FDRM), including insurance, can have in climate change adaptation. Based on a desk review and preliminary in-country stakeholder consultations, the note s findings are meant to motivate new thinking and serve as an engagement tool for ongoing in-country discussions, as well to help identify analytical work to be carried out in the future. Based on the preliminary review of Bulgaria s specific context, several ideas are being put forward to be further explored in the ongoing discussions toward creating FDRM products to address the major natural disasters (in particular, floods, droughts, and earthquakes) and improving adaptation to climate change. Potential areas of analysis that can be further explored and, as such, plant a seed for future action can focus on promoting risk prevention and deploying insurance instruments, including issues around traditional risk management, technology innovation, compulsory disaster insurance, forecast insurance, and disaster insurance pools. The analysis which will assess the extent of vulnerability of the subjects covered by existing insurance products, can subsequently lead to the decisions on priority insurance products to be introduced in the future.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/01/19743830/insurance-against-climate-change-financial-disaster-risk-management-insurance-options-climate-change-adaptation-bulgaria
dc.identifier.doi10.1596/18940
dc.identifier.urihttps://hdl.handle.net/10986/18940
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO INFORMATION
dc.subjectACCIDENT
dc.subjectACCIDENTS
dc.subjectAGRICULTURAL INSURANCE
dc.subjectAUDITORS
dc.subjectAUTOMOBILE INSURANCE
dc.subjectBANKRUPTCY
dc.subjectBANKS
dc.subjectBASIS RISK
dc.subjectBUDGETARY FRAMEWORK
dc.subjectBUILDING CODES
dc.subjectCASUALTY
dc.subjectCASUALTY INSURANCE
dc.subjectCATASTROPHE INSURANCE
dc.subjectCATASTROPHES
dc.subjectCATASTROPHIC EVENTS
dc.subjectCATASTROPHIC INSURANCE
dc.subjectCATASTROPHIC INSURANCE POOL
dc.subjectCATASTROPHIC LOSSES
dc.subjectCATASTROPHIC RISKS
dc.subjectCENTRAL GOVERNMENT
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCLIMATE CHANGE ADAPTATION STRATEGY
dc.subjectCLIMATE CHANGE IMPACTS
dc.subjectCLIMATE CHANGE ISSUES
dc.subjectCLIMATE CHANGE MITIGATION
dc.subjectCLIMATE CHANGE SCENARIOS
dc.subjectCLIMATE CHANGE VULNERABILITY
dc.subjectCLIMATE EXTREMES
dc.subjectCLIMATE SCIENCE
dc.subjectCOINSURANCE
dc.subjectCOLLAPSED BRIDGES
dc.subjectCOMPETITIVENESS
dc.subjectCOMPULSORY INSURANCE
dc.subjectCONSUMERS
dc.subjectCONTINGENT LIABILITIES
dc.subjectCONTINGENT LIABILITY
dc.subjectDAMAGES
dc.subjectDISASTER
dc.subjectDISASTER ACTIVITIES
dc.subjectDISASTER ASSISTANCE
dc.subjectDISASTER COMPENSATION
dc.subjectDISASTER EVENTS
dc.subjectDISASTER FINANCING
dc.subjectDISASTER INSURANCE
dc.subjectDISASTER MANAGEMENT
dc.subjectDISASTER PREPAREDNESS
dc.subjectDISASTER RECONSTRUCTION
dc.subjectDISASTER RESPONSE
dc.subjectDISASTER RISK
dc.subjectDISASTER RISK FINANCING
dc.subjectDISASTER RISK REDUCTION
dc.subjectDISASTER RISKS
dc.subjectDROUGHT
dc.subjectDROUGHTS
dc.subjectEARLY WARNING
dc.subjectEARLY WARNING SYSTEMS
dc.subjectEARTHQUAKE
dc.subjectEARTHQUAKES
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC IMPACTS
dc.subjectECONOMIC SECTORS
dc.subjectELECTRICITY PRODUCTION
dc.subjectEMERGENCIES
dc.subjectEMERGENCY RESPONSE
dc.subjectEMERGENCY SITUATIONS
dc.subjectEMISSIONS
dc.subjectENERGY CONSUMPTION
dc.subjectENERGY EFFICIENCY
dc.subjectENERGY USE
dc.subjectENVIRONMENTAL PROTECTION
dc.subjectEQUIPMENT
dc.subjectEXPENDITURE
dc.subjectEXTREME CLIMATE CHANGE
dc.subjectEXTREME EVENTS
dc.subjectEXTREME TEMPERATURES
dc.subjectEXTREME WEATHER
dc.subjectFARMERS
dc.subjectFEASIBILITY
dc.subjectFINANCIAL CAPACITY
dc.subjectFINANCIAL CONSEQUENCES
dc.subjectFINANCIAL CONSTRAINTS
dc.subjectFINANCIAL DECISIONS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SUPERVISION
dc.subjectFINANCIAL SUPPORT
dc.subjectFIRE
dc.subjectFIRE INSURANCE
dc.subjectFISCAL DEFICITS
dc.subjectFLOOD
dc.subjectFLOOD DAMAGES
dc.subjectFLOOD MANAGEMENT
dc.subjectFLOOD PROTECTION
dc.subjectFLOODING
dc.subjectFLOODS
dc.subjectFOREIGN INVESTORS
dc.subjectFOREST FIRES
dc.subjectFORESTRY SECTOR
dc.subjectFREQUENCY OF CLIMATE EXTREMES
dc.subjectGENERAL INSURANCE
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGOVERNMENT POLICIES
dc.subjectHEALTH INSURANCE
dc.subjectHURRICANE
dc.subjectHURRICANE WINDS
dc.subjectIMPACT OF DISASTERS
dc.subjectIMPACTS OF CLIMATE CHANGE
dc.subjectINCOME
dc.subjectINDEMNITY
dc.subjectINDEMNITY INSURANCE
dc.subjectINFORMATION SYSTEMS
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINSPECTIONS
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE BROKERS
dc.subjectINSURANCE CLAIMS
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE COVERAGE
dc.subjectINSURANCE CULTURE
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE INSTRUMENTS
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE MECHANISMS
dc.subjectINSURANCE OPTIONS
dc.subjectINSURANCE PAYOUT
dc.subjectINSURANCE PENETRATION
dc.subjectINSURANCE POLICIES
dc.subjectINSURANCE POOLS
dc.subjectINSURANCE PREMIUM
dc.subjectINSURANCE PREMIUMS
dc.subjectINSURANCE PRODUCT
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURANCE SCHEMES
dc.subjectINSURANCE SECTOR
dc.subjectINSURANCE SYSTEM
dc.subjectINSURED LOSSES
dc.subjectINSURERS
dc.subjectINTERNATIONAL STRATEGY FOR DISASTER REDUCTION
dc.subjectINVESTMENT FUNDS
dc.subjectLANDSLIDES
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLIFE INSURANCE
dc.subjectLIFE INSURANCE COMPANIES
dc.subjectLIGHTING
dc.subjectLOCAL GOVERNMENTS
dc.subjectMARKET ECONOMY
dc.subjectMARKET PENETRATION
dc.subjectMITIGATION MEASURES
dc.subjectMORAL HAZARD
dc.subjectMORAL HAZARDS
dc.subjectMOTOR INSURANCE
dc.subjectNATURAL DISASTER
dc.subjectNATURAL DISASTER INSURANCE
dc.subjectNATURAL DISASTERS
dc.subjectNATURAL HAZARDS
dc.subjectNON-LIFE INSURANCE
dc.subjectNOTARIES
dc.subjectNUCLEAR POWER
dc.subjectOUTBREAK
dc.subjectPENSION
dc.subjectPENSION FUNDS
dc.subjectPER CAPITA INCOME
dc.subjectPHYSICAL ASSETS
dc.subjectPOLICY MAKERS
dc.subjectPOLICYHOLDERS
dc.subjectPORTFOLIOS
dc.subjectPRIVATE INSURANCE
dc.subjectPRIVATE INSURANCE COMPANIES
dc.subjectPRIVATE REINSURANCE
dc.subjectPRODUCT LIABILITY
dc.subjectPROGRAMS
dc.subjectPROPERTY INSURANCE
dc.subjectPUBLIC ASSETS
dc.subjectPUBLIC SPENDING
dc.subjectRATES
dc.subjectREAL ESTATE
dc.subjectREGULATORY FRAMEWORK
dc.subjectREINSURANCE
dc.subjectREINSURANCE COMPANIES
dc.subjectREINSURANCE MARKETS
dc.subjectREINSURANCE PREMIUMS
dc.subjectREINSURER
dc.subjectREINSURERS
dc.subjectRESERVE
dc.subjectRESERVES
dc.subjectRISK ASSESSMENT
dc.subjectRISK EXPOSURE
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT STRATEGIES
dc.subjectRISK MANAGERS
dc.subjectRISK MITIGATION
dc.subjectRISK POOLING
dc.subjectRISK PROFILE
dc.subjectRISK PROFILES
dc.subjectRISK REDUCTION
dc.subjectRISK SHARING
dc.subjectRISK TRANSFER
dc.subjectSAFETY
dc.subjectSET ASIDE
dc.subjectSOLVENCY
dc.subjectSTORMS
dc.subjectTAX
dc.subjectTECTONIC PLATES
dc.subjectTOTAL COST
dc.subjectUNDERWRITING
dc.subjectVICTIMS
dc.subjectWEATHER EVENTS
dc.subjectWIND SPEED
dc.titleInsurance against Climate Change : Financial Disaster Risk Management and Insurance Options for Climate Change Adaptation in Bulgariaen
dspace.entity.typePublication
okr.crosscuttingsolutionareaClimate Change
okr.date.disclosure2014-06-30
okr.date.doiregistration2025-05-07T09:53:18.476608Z
okr.doctypeEconomic & Sector Work::Other Environmental Study
okr.docurlhttp://documents.worldbank.org/curated/en/2014/01/19743830/insurance-against-climate-change-financial-disaster-risk-management-insurance-options-climate-change-adaptation-bulgaria
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid522691468214827882
okr.guid517531468224991168
okr.identifier.externaldocumentum000442464_20140630092329
okr.identifier.internaldocumentum19743830
okr.identifier.report89101
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/06/30/000442464_20140630092329/Rendered/PDF/891010WP0P14590t0Climate0Change0ENG.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryBulgaria
okr.sectorAgriculture, fishing, and forestry
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.sectorWater, sanitation and flood protection :: Flood protection
okr.themeSocial protection and risk management :: Natural disaster management
okr.themeSocial protection and risk management :: Other social protection and risk management
okr.themeEnvironment and natural resources management :: Climate change
okr.topicInsurance and Risk Mitigation
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicUrban Development::Hazard Risk Management
okr.topicLaw and Development::Insurance Law
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