Rapid Onset Natural Disasters: The Role of Financing in Effective Risk Management

The authors provide a conceptual framework for designing a comprehensive risk management strategy for rapid onset natural disasters at the country level, with a particular emphasis on the role of catastrophe loss funding. The authors discuss the key policy and technical issues involved in building financially sustainable catastrophe risk transfer and funding programs in disaster prone countries and their links to risk mitigation. They also deal with the cognitive and political economy issues that are likely to arise and ways to accommodate them.

Bibliographic Details

Main Authors:	Gurenko, Eugene, Lester, Rodney
Language:	English en_US
Published:	World Bank, Washington, D.C. 2004-04
Subjects:	ACCOUNTING, ANALYTICAL APPROACH, BONDS, CANCER, CATASTROPHE LOSS, CATASTROPHES, CATASTROPHIC RISKS, CONCEPTUAL FRAMEWORK, CONSUMERS, CONTINGENT LIABILITIES, CONTRACTUAL SAVINGS, COST OF CAPITAL, DEBT, DEVELOPED COUNTRIES, DISASTER ASSISTANCE, DISASTER INFORMATION, DISASTER MITIGATION, DISASTER PRONE COUNTRIES, DISASTER RECONSTRUCTION, DISASTER RELIEF, DISASTER RESPONSE, DISASTERS, EARTHQUAKES, ECONOMIC ACTIVITY, ECONOMIC CONSEQUENCES, ECONOMIC GROWTH, ECONOMIC IMPACT, ECONOMIC INCENTIVES, EMERGING MARKETS, EXCHANGE RATES, EXPENDITURES, FLOOD INSURANCE, FLOOD PRONE AREAS, FLOOD VICTIMS, FLOODING, FLOODS, HEALTH SERVICES, HOUSING, INCOME, INFLATION, INSURANCE, INSURANCE COMPANIES, INSURANCE COVERAGE, INSURANCE MARKETS, INSURANCE POOLS, INSURANCE PREMIUMS, INSURANCE PRODUCTS, INSURANCE SYSTEM, INSURANCE SYSTEMS, INSURERS, LAWS, LEGISLATION, MANDATES, MARKET INSTRUMENTS, MARKET RISK, MARKET RISK MANAGEMENT, MARKET VALUE, MITIGATION MEASURES, MULTILATERAL DEVELOPMENT BANKS, NATURAL DISASTERS, NATURAL HAZARDS, PENALTIES, POLICYHOLDERS, POLITICAL ECONOMY, PRIVATE INSURANCE, PRIVATE INSURANCE COMPANIES, PRIVATE REINSURANCE, PROGRAMS, PROPERTY RIGHTS, PUBLIC SERVICES, RATES, REINSURANCE, REINSURANCE COMPANIES, REINSURANCE MARKETS, REINSURERS, RELIEF, RESERVES, RESOURCE ALLOCATION, RETIREMENT, RISK ANALYSIS, RISK ASSESSMENT, RISK MANAGEMENT, RISK MEASUREMENT, RISK MITIGATION, RISK PREMIUM, RISK REDUCTION, RISK TRANSFER, SAFETY, TECHNICAL ASSISTANCE, TENTS, TERRORISM, UNDERWRITING, URBAN DEVELOPMENT, VOLCANIC ERUPTIONS NATURAL DISASTERS, RISK, ECONOMIES,
Online Access:	http://documents.worldbank.org/curated/en/2004/04/3546324/rapid-onset-natural-disasters-role-financing-effective-risk-management https://hdl.handle.net/10986/14296
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