Financial Risk Analytics for Informed Sovereign Disaster Risk Financing Decision Making

Publication:
Financial Risk Analytics for Informed Sovereign Disaster Risk Financing Decision Making

dc.contributor.author	World Bank
dc.date.accessioned	2015-08-17T14:59:37Z
dc.date.available	2015-08-17T14:59:37Z
dc.date.issued	2013-08
dc.description.abstract	Evaluating the level of financial protection and associated costs of sovereign disaster risk financing and insurance (DRFI) decisions is challenging. DRFI strategies are often presented as a combination of financial instruments, such as domestic reserves, contingent credit and catastrophe risk transfer instruments. However, governments usually lack tools to help them evaluate and quantify the costs and benefits of such strategies and answer questions like: what should be the annual budget allocation for post-disaster response? What should be the size of domestic reserves? What should be the amount of contingent credit? Shall government purchase catastrophe risk transfer instruments? Financial risk analytics helps the decision makers evaluate the financial costs and benefits of sovereign DRFI strategies. Understanding the financial implications of alternative sovereign DRFI strategies requires detailed financial analysis. For example, understanding the tradeoff between the quality of financial coverage and its price requires some quantitative financial analysis. The results of financial analysis can also be used to document and justify the process of sovereign DRFI decision making.	en
dc.identifier	http://documents.worldbank.org/curated/en/2015/07/24794178/financial-risk-analytics-informed-sovereign-disaster-risk-financing-decision-making
dc.identifier.doi	10.1596/22419
dc.identifier.uri	https://hdl.handle.net/10986/22419
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo/
dc.subject	INSURANCE
dc.subject	LOSS
dc.subject	REINSURANCE
dc.subject	EARTHQUAKE
dc.subject	RISK INSURANCE
dc.subject	DISASTER RISK
dc.subject	RISK
dc.subject	FINANCING
dc.subject	EXCESS OF LOSS REINSURANCE
dc.subject	DISASTER RESPONSE
dc.subject	LOSSES
dc.subject	BANK
dc.subject	CREDIT
dc.subject	OUTPUTS
dc.subject	INFORMATION
dc.subject	NATURAL DISASTERS
dc.subject	DEBT
dc.subject	FINANCIAL RISK
dc.subject	DISASTERS
dc.subject	INSURANCE CONTRACT
dc.subject	DISASTER
dc.subject	RESERVES
dc.subject	COVERAGE
dc.subject	INSURANCE COVERAGE
dc.subject	REINSURANCE COMPANIES
dc.subject	RISK TRANSFER
dc.subject	FINANCE
dc.title	Financial Risk Analytics for Informed Sovereign Disaster Risk Financing Decision Making	en
dc.type	Brief	en
dc.type	Fiche	fr
dc.type	Resumen	es
dspace.entity.type	Publication
okr.date.disclosure	2015-07-16
okr.date.doiregistration	2025-04-29T09:46:20.488303Z
okr.doctype	Publications & Research
okr.doctype	Publications & Research::Brief
okr.docurl	http://documents.worldbank.org/curated/en/2015/07/24794178/financial-risk-analytics-informed-sovereign-disaster-risk-financing-decision-making
okr.globalpractice	Social, Urban, Rural and Resilience
okr.globalpractice	Finance and Markets
okr.guid	215911468188949577
okr.identifier.externaldocumentum	090224b0830033cc_1_0
okr.identifier.internaldocumentum	24794178
okr.identifier.report	97971
okr.language.supported	en
okr.pdfurl	http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/07/16/090224b0830033cc/1_0/Rendered/PDF/Financial0risk0cing0decision0making.pdf	en
okr.topic	Finance and Financial Sector Development::Financial Intermediation
okr.topic	Insurance Risk Mitigation
okr.topic	Social Protections and Labor::Labor Policies
okr.topic	Urban Development::Hazard Risk Management
okr.topic	Environment::Natural Disasters
okr.unit	Macro Fiscal Mgmt - GP (GMFDR)