Innovative Financial Instruments for Natural Disaster Risk Management
This technical paper provides us with an in-depth explanation of how losses due to catastrophes are insured and who absorbs the costs of compensating the insured assets. In the absence of an effective insurance market, the government often becomes the de facto financier of postdisaster rehabilitation efforts. Alternatively, governments can encourage the local insurance industry to engage in risk financing arrangements through insurance pools that, in turn, may cover higher exposures in the global reinsurance and capital markets. This study takes a closer look at how this type of international risk financing scheme might be developed. This paper is an insider's primer on insurance, reinsurance and new capital market instruments that make it possible to continue to respond to the impacts of recurrent natural disasters.
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Format: | Technical Notes biblioteca |
Language: | English |
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Inter-American Development Bank
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Subjects: | Disaster, Financial Market, Financial Risk, risk management;Environment;natural disaster, |
Online Access: | http://dx.doi.org/10.18235/0008816 https://publications.iadb.org/en/innovative-financial-instruments-natural-disaster-risk-management |
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dig-bid-node-114202024-05-30T20:08:13ZInnovative Financial Instruments for Natural Disaster Risk Management 2002-12-01T00:00:00+0000 http://dx.doi.org/10.18235/0008816 https://publications.iadb.org/en/innovative-financial-instruments-natural-disaster-risk-management Inter-American Development Bank Disaster Financial Market Financial Risk risk management;Environment;natural disaster This technical paper provides us with an in-depth explanation of how losses due to catastrophes are insured and who absorbs the costs of compensating the insured assets. In the absence of an effective insurance market, the government often becomes the de facto financier of postdisaster rehabilitation efforts. Alternatively, governments can encourage the local insurance industry to engage in risk financing arrangements through insurance pools that, in turn, may cover higher exposures in the global reinsurance and capital markets. This study takes a closer look at how this type of international risk financing scheme might be developed. This paper is an insider's primer on insurance, reinsurance and new capital market instruments that make it possible to continue to respond to the impacts of recurrent natural disasters. Inter-American Development Bank Torben Andersen Technical Notes application/pdf IDB Publications The Caribbean Central America South America en |
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Biblioteca Felipe Herrera del BID |
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Disaster Financial Market Financial Risk risk management;Environment;natural disaster Disaster Financial Market Financial Risk risk management;Environment;natural disaster |
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Disaster Financial Market Financial Risk risk management;Environment;natural disaster Disaster Financial Market Financial Risk risk management;Environment;natural disaster Inter-American Development Bank Innovative Financial Instruments for Natural Disaster Risk Management |
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This technical paper provides us with an in-depth explanation of how losses due to catastrophes are insured and who absorbs the costs of compensating the insured assets. In the absence of an effective insurance market, the government often becomes the de facto financier of postdisaster rehabilitation efforts. Alternatively, governments can encourage the local insurance industry to engage in risk financing arrangements through insurance pools that, in turn, may cover higher exposures in the global reinsurance and capital markets. This study takes a closer look at how this type of international risk financing scheme might be developed. This paper is an insider's primer on insurance, reinsurance and new capital market instruments that make it possible to continue to respond to the impacts of recurrent natural disasters. |
author2 |
Torben Andersen |
author_facet |
Torben Andersen Inter-American Development Bank |
format |
Technical Notes |
topic_facet |
Disaster Financial Market Financial Risk risk management;Environment;natural disaster |
author |
Inter-American Development Bank |
author_sort |
Inter-American Development Bank |
title |
Innovative Financial Instruments for Natural Disaster Risk Management |
title_short |
Innovative Financial Instruments for Natural Disaster Risk Management |
title_full |
Innovative Financial Instruments for Natural Disaster Risk Management |
title_fullStr |
Innovative Financial Instruments for Natural Disaster Risk Management |
title_full_unstemmed |
Innovative Financial Instruments for Natural Disaster Risk Management |
title_sort |
innovative financial instruments for natural disaster risk management |
publisher |
Inter-American Development Bank |
url |
http://dx.doi.org/10.18235/0008816 https://publications.iadb.org/en/innovative-financial-instruments-natural-disaster-risk-management |
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AT interamericandevelopmentbank innovativefinancialinstrumentsfornaturaldisasterriskmanagement |
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1809107035097137152 |