Publication:
Evaluating Sovereign Disaster Risk Finance Strategies: Case Studies and Guidance

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2016-11-18T18:15:39Z
dc.date.available2016-11-18T18:15:39Z
dc.date.issued2016-10-01
dc.description.abstractDisaster risk finance is an important component of the disaster risk management and climate change adaptation agenda. It aims to increase the financial resilience of countries against natural hazards by strengthening public financial management and promoting market-based disaster risk finance solutions (such as, sovereign catastrophe risk transfer solutions for governments or domestic catastrophe risk insurance markets for public and private assets). This report complements the more theoretical framework paper with a demonstration of how the framework can be applied in practice. Five case studies illustrate a range of questions that policy makers might ask, potential instruments to be considered, and economic conditions, and a Guidance Note presents principles for such analyses. The structure of the report is as follows: the proposed framework is presented, outlining the approach of the opportunity-cost framework and its limitations. The five case studies are introduced and the contingent liability and finance strategies considered in each are outlined. Subsequently, the five case studies are presented in five chapters, each standalone with relevant annexes (including at the back of the report). Finally, a Guidance Note outlines how the framework may be applied in a practical manner to another country’s plans for the disaster risk financing of a contingent liability. Lastly, a Glossary is provided. The purpose of the entire report is to illustrate how to apply the framework to a country-specific question. All formulae and calculations applied in these case studies follow those in the technical framework paper. It does not aim to make any generalized conclusion about which finance mechanisms are cheapest or how disaster risk finance should be structured.en
dc.identifierhttp://documents.worldbank.org/curated/en/972881478686747136/Evaluating-sovereign-disaster-risk-finance-strategies-case-studies-and-guidance
dc.identifier.doi10.1596/25381
dc.identifier.urihttps://hdl.handle.net/10986/25381
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectsovereign risk
dc.subjectdisaster risk
dc.subjectrisk finance
dc.subjectfinance strategy
dc.subjectinsurance
dc.titleEvaluating Sovereign Disaster Risk Finance Strategiesen
dc.title.subtitleCase Studies and Guidanceen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleEvaluating Sovereign Disaster Risk Finance Strategies
okr.date.disclosure2016-11-09
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/972881478686747136/Evaluating-sovereign-disaster-risk-finance-strategies-case-studies-and-guidance
okr.guid972881478686747136
okr.identifier.doi10.1596/25381
okr.identifier.externaldocumentum090224b08472d833_2_0
okr.identifier.internaldocumentum26924217
okr.identifier.report109963
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/972881478686747136/pdf/109963-WP-DRFIEvaluationgDisasterRiskFinStrategies-PUBLIC.pdfen
okr.topicFinance and Financial Sector Development::Insurance & Risk Mitigation
okr.unitClimate Change-D1-GFDRR-IBRD (GFDRR)
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