Publication: Financial Protection Against Natural Disasters: An Operational Framework for Disaster Risk Financing and Insurance
Date
2014
ISSN
Published
2014
Author(s)
World Bank Group
Abstract
The primary objective of this report is
to take stock of the global progress on financial protection
against natural disasters over the last decade and bring
together the latest thinking on disaster risk financing and
insurance. Disaster risk financing and insurance helps
minimize the cost and optimize the timing of meeting
post-disaster funding needs without compromising development
goals, fiscal stability, or wellbeing. Financial protection
requires strong leadership by a country's ministry of
finance. Disaster risk financing and insurance brings
together disaster risk management, fiscal risk and budget
management, public finance, private sector development, and
social protection. While simple measures can quickly support
improved financial protection, more complex financial
solutions and institutional change require technical
expertise and political will.
Citation
“World Bank Group. 2014. Financial Protection Against Natural Disasters : An Operational Framework for Disaster Risk Financing and Insurance. © Washington, DC. http://openknowledge.worldbank.org/handle/10986/21725 License: CC BY 3.0 IGO.”