Publication:
Managing Catastrophic Disaster Risks Using Alternative Risk financing and Pooled Insurance Structures

Simple item page
dc.contributor.authorPollner, John D.
dc.date.accessioned2013-06-17T16:56:38Z
dc.date.available2013-06-17T16:56:38Z
dc.date.issued2001-05
dc.description.abstractThis report examines the constraints and opportunities in implementing a catastrophe insurance system which can resolve the key obstacles impeding broader implementation of a risk funding approach. The four main pillars in such a strategy involve: 1) strengthening insurance sector regulatory requirements and supervision; 2) establishing broad-based pooled catastrophe funding structures with efficient risk transfer tools; 3) promoting public insurance policies linked to programs for loss reduction in the uninsured sectors; and 4) strengthening the risk assessment and enforcement of structural measures such as zoning and building code compliance. The report is structured as follows: chapter 1 examines the characteristics of the global insurance and reinsurance market and its links with Caribbean insurers and policyholders Chapter 2 examines the domestic Caribbean insurance market structure and institutions, and their commercial practices Chapter 3 discusses how structural mitigation and vulnerability reduction measures can prove to be cost-effective investments that can dramatically reduce exposure risks on properties. Chapter 4 analyzes the modalities of risk transfer for potential financial losses. Chapter 5 demonstrates innovations being developed for catastrophe risk management. Chapter 6 examines risk management options. Chapter 7 concludes by demonstrating the financial feasibility and sustainability of operating and managing catastrophe risks under a sub-regional pool.en
dc.identifierhttp://documents.worldbank.org/curated/en/2001/05/1490188/managing-catastrophic-disaster-risks-using-alternative-risk-financing-pooled-insurance-structures
dc.identifier.doi10.1596/0-8213-4917-1
dc.identifier.isbn0-8213-4917-1
dc.identifier.urihttps://hdl.handle.net/10986/13961
dc.languageEnglish
dc.relation.ispartofseriesWorld Bank Technical Paper ; No. 495
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCOUNTING
dc.subjectACCOUNTING PRINCIPLES
dc.subjectANNUITY
dc.subjectAPPLICATIONS
dc.subjectATTACHMENT POINT
dc.subjectBALANCE SHEETS
dc.subjectBANK
dc.subjectBONDS
dc.subjectCAPITAL BASE
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENT
dc.subjectCATASTROPHE COVERAGE
dc.subjectCATASTROPHE REINSURANCE
dc.subjectCATASTROPHES
dc.subjectCATASTROPHIC RISKS
dc.subjectCOMMISSIONS
dc.subjectCONSOLIDATION
dc.subjectCONTRACTUAL SAVINGS
dc.subjectCOVERAGE
dc.subjectDEBT
dc.subjectDISASTERS
dc.subjectEASTERN CARIBBEAN CENTRAL BANK
dc.subjectECOLOGY
dc.subjectECONOMIC IMPACT
dc.subjectECONOMIC REFORM
dc.subjectECONOMICS
dc.subjectECONOMIES OF SCALE
dc.subjectENVIRONMENTAL PERFORMANCE
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL INTEGRATION
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL RISK
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STRUCTURE
dc.subjectFOREST MANAGEMENT
dc.subjectINCOME
dc.subjectINDEMNITY
dc.subjectINSURABLE ASSETS
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COVERAGE
dc.subjectINSURANCE INDUSTRIES
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE POLICIES
dc.subjectINSURANCE RATES
dc.subjectINSURANCE RESERVES
dc.subjectINSURANCE RISK
dc.subjectINSURANCE SUPERVISORS
dc.subjectINSURANCE SYSTEM
dc.subjectINSURERS
dc.subjectINTEGRITY
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL FINANCIAL MARKETS
dc.subjectINVESTMENT BANKERS
dc.subjectINVESTMENT GRANTS
dc.subjectLIBERALIZATION
dc.subjectLOW INCOME
dc.subjectMANAGEMENT INFORMATION SYSTEMS
dc.subjectMARKET FORCES
dc.subjectMARKET INCENTIVES
dc.subjectMARKET INSTRUMENTS
dc.subjectMINISTRIES OF FINANCE
dc.subjectMITIGATION
dc.subjectMORAL HAZARDS
dc.subjectPOLICYHOLDERS
dc.subjectPREMIUMS
dc.subjectPRESENT VALUE
dc.subjectPRIMARY INSURER
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATIZATION
dc.subjectPROBABILITY OF DEFAULT
dc.subjectPROGRAMS
dc.subjectPROPERTY INSURANCE
dc.subjectPROPERTY RISK
dc.subjectPUBLIC INSURANCE
dc.subjectREGULATORY FRAMEWORK
dc.subjectREINSURANCE
dc.subjectREINSURANCE CONTRACT
dc.subjectREINSURANCE CONTRACTS
dc.subjectREINSURANCE MARKETS
dc.subjectREINSURERS
dc.subjectRISK ASSESSMENT
dc.subjectRISK ASSESSMENTS
dc.subjectRISK INSURANCE
dc.subjectRISK MANAGEMENT
dc.subjectRISK REDUCTION
dc.subjectRISK SHARING
dc.subjectRISK TRANSFER
dc.subjectRISK UNDERWRITING
dc.subjectSECURITIES
dc.subjectSECURITIZATION
dc.subjectSELF INSURANCE
dc.subjectSOLVENCY
dc.subjectSOLVENCY REQUIREMENTS
dc.subjectSUSTAINABILITY
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectSUSTAINABLE GROWTH
dc.subjectTRANSITION ECONOMIES
dc.subjectUNDERWRITING
dc.subjectWATER PRICING
dc.titleManaging Catastrophic Disaster Risks Using Alternative Risk financing and Pooled Insurance Structuresen
dspace.entity.typePublication
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2001/05/1490188/managing-catastrophic-disaster-risks-using-alternative-risk-financing-pooled-insurance-structures
okr.globalpracticeFinance and Markets
okr.globalpracticeHealth, Nutrition, and Population
okr.guid940891468766227622
okr.identifier.doi10.1596/0-8213-4917-1
okr.identifier.externaldocumentum000094946_01072104010699
okr.identifier.internaldocumentum1490188
okr.identifier.reportWTP495
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2001/08/04/000094946_01072104010699/Rendered/PDF/multi0page.pdfen
okr.sectorFinance :: Capital markets
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.topicInsurance and Risk Mitigation
okr.topicBanks and Banking Reform
okr.topicEnvironmental Economics and Policies
okr.topicHealth Economics and Finance
okr.topicHealth, Nutrition and Population
okr.unitFinance & Private Sector (LCSPF)
relation.isAuthorOfPublicationb0f82774-24d9-5275-98e8-aae3f2ccab7e
relation.isAuthorOfPublication.latestForDiscoveryb0f82774-24d9-5275-98e8-aae3f2ccab7e
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
multi0page.pdf
Size:
8.54 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
multi0page.txt
Size:
352.88 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
World Bank Technical Papers