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.
Summary: | 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. |
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