eBook

Catastrophe risk financing in developing countries : principles for public intervention

Cummins, J. David, Mahul, Olivier

2009,2008

Overview

'Catastrophe Risk Financing in Developing Countries' provides a detailed analysis of the imperfections and inefficiencies that impede the emergence of competitive catastrophe risk markets in developing countries. The book demonstrates how donors and international financial institutions can assist governments in middle- and low-income countries in promoting effective and affordable catastrophe risk financing solutions. The authors present guiding principles on how and when governments, with assistance from donors and international financial institutions, should intervene in catastrophe insurance markets. They also identify key activities to be undertaken by donors and institutions that would allow middle- and low-income countries to develop competitive and cost-effective catastrophe risk financing strategies at both the macro (government) and micro (household) levels. These principles and activities are expected to inform good practices and ensure desirable results in catastrophe insurance projects. 'Catastrophe Risk Financing in Developing Countries' offers valuable advice and guidelines to policy makers and insurance practitioners involved in the development of catastrophe insurance programs in developing countries.

• Publisher: World Bank,World Bank Publications,The World Bank,Washington, DC: World Bank
• Subject: ADVANCED ECONOMIES / ADVERSE SELECTION / AGENTS / AGRICULTURAL INSURANCE / ASSETS / BASIS RISK / BOND / BOND MARKET / BONDS / BROKERS / BUILDING CODES / BUSINESS OPPORTUNITIES / CAPITAL ASSET / CAPITAL ASSET PRICING / CAPITAL MARKET / CAPITAL MARKETS / CAPITAL REQUIREMENTS / CAPITAL STOCK / CAPTIVE INSURANCE / CATASTROPHE FUND / CATASTROPHE REINSURANCE / CATASTROPHES / CATASTROPHIC EVENT / CENTRE FOR RESEARCH ON THE EPIDEMIOLOGY / CLIMATE CHANGE / COMMODITIES / COMPULSORY INSURANCE / CONSUMERS / CONTINGENT LIABILITY / COPYRIGHT CLEARANCE / COPYRIGHT CLEARANCE CENTER / CORPORATE BONDS / COST OF CAPITAL / COUNTRY DEVELOPMENT / COVERAGE / CRED / CREDIT QUALITY / CRITICAL INFRASTRUCTURE / CROP INSURANCE / CROP INSURANCE SCHEME / DAMAGES / DAT DATABASE / DEBT / DEBT SERVICE / DEVELOPING COUNTRIES / Development economics / DEVELOPMENT NETWORK / DISASTER / DISASTER ASSISTANCE / DISASTER MITIGATION / DISASTER PREVENTION / DISASTER RECONSTRUCTION / DISASTER RECOVERY / DISASTER REDUCTION / DISASTER RELIEF / DISASTER RESPONSE / DISASTER RISK / DISASTER RISK REDUCTION / DISASTER-PRONE COUNTRIES / DISASTER-PRONE COUNTRY / DISASTERS / DIVERSIFICATION BENEFITS / DROUGHT / DROUGHTS / EARLY WARNING / EARLY WARNING SYSTEMS / EARTHQUAKE / EARTHQUAKE INSURANCE / EARTHQUAKES / Economic aid / Economic assistance / Economic assistance -- Developing countries / ECONOMIC INTEGRATIONS / ECONOMIC RISK / EMERGENCY COMMUNICATION SYSTEMS / EMERGENCY PREPAREDNESS / EMERGENCY RESPONSE / EQUITY CAPITAL / EXCESS OF LOSS REINSURANCE / EXPOSURE TO RISK / EXTREME EVENTS / EXTREME WEATHER / EXTREME WEATHER EVENTS / FACULTATIVE REINSURANCE / FARMER / FARMERS / Finance / FINANCE CORPORATION / Finance, Public / Finance, Public -- Developing countries / FINANCIAL INFRASTRUCTURE / FINANCIAL INSTITUTION / FINANCIAL INSTITUTIONS / FINANCIAL INSTRUMENT / FINANCIAL INSTRUMENTS / FINANCIAL INTERMEDIARIES / FINANCIAL PRODUCT / FINANCIAL PRODUCTS / FINANCIAL RISK / FINANCIAL SECTOR / FINANCIAL SERVICES / FINANCIAL SYSTEM / FINANCING ARRANGEMENTS / FLOOD / FLOODS / GLOBAL MARKET / GLOBAL MARKETS / GROSS DOMESTIC PRODUCT / HURRICANE / HURRICANES / IMPACT OF DISASTERS / INCOME / INCOMES / INDEMNITIES / INDEMNITY / INDEMNITY INSURANCE / INDUSTRIAL COUNTRIES / INFORMATION FLOWS / INSECT INFESTATION / INSTITUTIONAL CAPACITIES / INSURANCE / INSURANCE AGENTS / INSURANCE BENEFITS / INSURANCE BUYERS / INSURANCE COMPANIES / INSURANCE COMPANY / INSURANCE CONTRACT / INSURANCE CONTRACTS / INSURANCE COVERAGE / INSURANCE INDUSTRIES / INSURANCE INDUSTRY / INSURANCE MARKET / INSURANCE MARKETS / INSURANCE POLICIES / INSURANCE POLICY / INSURANCE POOLS / INSURANCE PREMIUM / INSURANCE PRODUCTS / INSURANCE RISK / INSURED LOSSES / INTERNATIONAL FINANCE / JURISDICTION / LAWS / LIQUIDITY / LOSS RATIO / LOW-INCOME COUNTRIES / MARKET INFRASTRUCTURE / MARKET STRUCTURE / METEOROLOGICAL ORGANIZATION / MICROFINANCE / MIDDLE-INCOME COUNTRIES / MITIGATION / MITIGATION MEASURES / MORAL HAZARD / NATURAL DISASTER / NATURAL DISASTERS / Natural disasters -- Developing countries -- Finance / NEGOTIATION / NET PREMIUMS WRITTEN / NON-LIFE INSURANCE / OPTION CONTRACT / POLICYHOLDERS / POLITICAL REGIMES / POLITICAL SCIENCE / PORTFOLIO / PORTFOLIO DIVERSIFICATION / PORTFOLIOS / PREMIUMS / PRIMARY INSURER / PRIMARY INSURERS / PRIVATE INSURANCE / PRIVATE INVESTMENTS / PRIVATE SECTOR DEVELOPMENT / PROGRAMS / PROPERTY INSURANCE / Public finance / PUBLIC INSURANCE / PUBLIC-PRIVATE PARTNERSHIP / PUBLIC-PRIVATE PARTNERSHIPS / RATES / REGULATORY FRAMEWORKS / REGULATORY IMPEDIMENTS / REGULATORY REQUIREMENTS / REINSURANCE BROKER / REINSURANCE CAPACITY / REINSURANCE COMPANIES / REINSURANCE MARKETS / REINSURANCE PREMIUMS / REINSURER / REINSURERS / RELIEF / RELIEF EFFORTS / RESERVE FUND / RESERVES / Risk / Risk (Insurance) -- Developing countries / RISK ASSESSMENT / RISK DIVERSIFICATION / RISK EXPOSURE / RISK EXPOSURES / RISK INSURANCE / RISK MANAGEMENT / RISK MANAGEMENT SYSTEM / RISK MITIGATION / RISK PROFILES / RISK REDUCTION / RISK REDUCTIONS / RISK TRANSFER / SAFETY / SAFETY NET / SCIENTIFIC ORGANIZATIONS / SECURITIES / SECURITIES MARKET / SECURITIES MARKETS / SOLVENCY / STARTUP / SUSTAINABILITY / SUSTAINABLE DEVELOPMENT / SYSTEMIC RISK / TAX / TECHNICAL ASSISTANCE / TRANSACTION COSTS / UNDERWRITING / VOLATILITY / VOLCANOES / WORLD TRADE
• ISBN: 0821377361, 9780821377369, 082137737X, 9780821377376