Catastrophe Risk Financing in Developing Countries : Principles for Public Intervention

dc.creatorCummins, J. David
dc.creatorMahul, Olivier
dc.date2012-05-21T20:31:51Z
dc.date2012-05-21T20:31:51Z
dc.date2009
dc.date.accessioned2026-07-01T00:51:29Z
dc.descriptionPublic intervention in catastrophe insurance markets, supported by the donor community and the World Bank, should be country specific. Low-income countries, where the domestic non-life insurance market is undeveloped, should focus in the short term on the development of sovereign catastrophe insurance solutions and the promotion of public goods related to risk market infrastructure. These countries are usually not mature enough for the promotion of catastrophe insurance pools for private homeowners. Middle-income countries, where the domestic non-life insurance market is more developed, should help the private insurance industry offer market-based catastrophe insurance solutions to homeowners and to small and medium enterprises, including the agricultural sector. This book offers a framework, with lessons drawn from recent experience, guiding principles for public intervention and potential roles for donors and International Financial Institutions (IFIs). These lessons are expected to be used in developing affordable, effective and sustainable country-specific catastrophe insurance programs.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2008/11/10034711/catastrophe-risk-financing-developing-countries-principles-public-intervention
dc.identifier978-0-8213-7736-9
dc.identifierhttps://hdl.handle.net/10986/6289
dc.identifierhttps://doi.org/10.1596/978-0-8213-7736-9
dc.identifier.urihttp://hdl.handle.net/123456789/412040
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectADVANCED ECONOMIES
dc.subjectADVERSE SELECTION
dc.subjectAGENTS
dc.subjectAGRICULTURAL INSURANCE
dc.subjectASSETS
dc.subjectBASIS RISK
dc.subjectBOND
dc.subjectBOND MARKET
dc.subjectBONDS
dc.subjectBROKERS
dc.subjectBUILDING CODES
dc.subjectBUSINESS OPPORTUNITIES
dc.subjectCAPITAL ASSET
dc.subjectCAPITAL ASSET PRICING
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCAPITAL STOCK
dc.subjectCAPTIVE INSURANCE
dc.subjectCATASTROPHE FUND
dc.subjectCATASTROPHE REINSURANCE
dc.subjectCATASTROPHES
dc.subjectCATASTROPHIC EVENT
dc.subjectCENTRE FOR RESEARCH ON THE EPIDEMIOLOGY
dc.subjectCLIMATE CHANGE
dc.subjectCOMMODITIES
dc.subjectCOMPULSORY INSURANCE
dc.subjectCONSUMERS
dc.subjectCONTINGENT LIABILITY
dc.subjectCOPYRIGHT CLEARANCE
dc.subjectCOPYRIGHT CLEARANCE CENTER
dc.subjectCORPORATE BONDS
dc.subjectCOST OF CAPITAL
dc.subjectCOUNTRY DEVELOPMENT
dc.subjectCOVERAGE
dc.subjectCRED
dc.subjectCREDIT QUALITY
dc.subjectCRITICAL INFRASTRUCTURE
dc.subjectCROP INSURANCE
dc.subjectCROP INSURANCE SCHEME
dc.subjectDAMAGES
dc.subjectDAT DATABASE
dc.subjectDEBT
dc.subjectDEBT SERVICE
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT NETWORK
dc.subjectDISASTER
dc.subjectDISASTER ASSISTANCE
dc.subjectDISASTER MITIGATION
dc.subjectDISASTER PREVENTION
dc.subjectDISASTER RECONSTRUCTION
dc.subjectDISASTER RECOVERY
dc.subjectDISASTER REDUCTION
dc.subjectDISASTER RELIEF
dc.subjectDISASTER RESPONSE
dc.subjectDISASTER RISK
dc.subjectDISASTER RISK REDUCTION
dc.subjectDISASTER-PRONE COUNTRIES
dc.subjectDISASTER-PRONE COUNTRY
dc.subjectDISASTERS
dc.subjectDIVERSIFICATION BENEFITS
dc.subjectDROUGHT
dc.subjectDROUGHTS
dc.subjectEARLY WARNING
dc.subjectEARLY WARNING SYSTEMS
dc.subjectEARTHQUAKE
dc.subjectEARTHQUAKE INSURANCE
dc.subjectEARTHQUAKES
dc.subjectECONOMIC INTEGRATIONS
dc.subjectECONOMIC RISK
dc.subjectEMERGENCY COMMUNICATION SYSTEMS
dc.subjectEMERGENCY PREPAREDNESS
dc.subjectEMERGENCY RESPONSE
dc.subjectEQUITY CAPITAL
dc.subjectEXCESS OF LOSS REINSURANCE
dc.subjectEXPOSURE TO RISK
dc.subjectEXTREME EVENTS
dc.subjectEXTREME WEATHER
dc.subjectEXTREME WEATHER EVENTS
dc.subjectFACULTATIVE REINSURANCE
dc.subjectFARMER
dc.subjectFARMERS
dc.subjectFINANCE CORPORATION
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENT
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL PRODUCT
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL RISK
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCING ARRANGEMENTS
dc.subjectFLOOD
dc.subjectFLOODS
dc.subjectGLOBAL MARKET
dc.subjectGLOBAL MARKETS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHURRICANE
dc.subjectHURRICANES
dc.subjectIMPACT OF DISASTERS
dc.subjectINCOME
dc.subjectINCOMES
dc.subjectINDEMNITIES
dc.subjectINDEMNITY
dc.subjectINDEMNITY INSURANCE
dc.subjectINDUSTRIAL COUNTRIES
dc.subjectINFORMATION FLOWS
dc.subjectINSECT INFESTATION
dc.subjectINSTITUTIONAL CAPACITIES
dc.subjectINSURANCE
dc.subjectINSURANCE AGENTS
dc.subjectINSURANCE BENEFITS
dc.subjectINSURANCE BUYERS
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE CONTRACT
dc.subjectINSURANCE CONTRACTS
dc.subjectINSURANCE COVERAGE
dc.subjectINSURANCE INDUSTRIES
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE POLICIES
dc.subjectINSURANCE POLICY
dc.subjectINSURANCE POOLS
dc.subjectINSURANCE PREMIUM
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURANCE RISK
dc.subjectINSURED LOSSES
dc.subjectINTERNATIONAL FINANCE
dc.subjectJURISDICTION
dc.subjectLAWS
dc.subjectLIQUIDITY
dc.subjectLOSS RATIO
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMARKET INFRASTRUCTURE
dc.subjectMARKET STRUCTURE
dc.subjectMETEOROLOGICAL ORGANIZATION
dc.subjectMICROFINANCE
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMITIGATION
dc.subjectMITIGATION MEASURES
dc.subjectMORAL HAZARD
dc.subjectNATURAL DISASTER
dc.subjectNATURAL DISASTERS
dc.subjectNEGOTIATION
dc.subjectNET PREMIUMS WRITTEN
dc.subjectNON-LIFE INSURANCE
dc.subjectOPTION CONTRACT
dc.subjectPOLICYHOLDERS
dc.subjectPOLITICAL REGIMES
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO DIVERSIFICATION
dc.subjectPORTFOLIOS
dc.subjectPREMIUMS
dc.subjectPRIMARY INSURER
dc.subjectPRIMARY INSURERS
dc.subjectPRIVATE INSURANCE
dc.subjectPRIVATE INVESTMENTS
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPROGRAMS
dc.subjectPROPERTY INSURANCE
dc.subjectPUBLIC INSURANCE
dc.subjectPUBLIC-PRIVATE PARTNERSHIP
dc.subjectPUBLIC-PRIVATE PARTNERSHIPS
dc.subjectRATES
dc.subjectREGULATORY FRAMEWORKS
dc.subjectREGULATORY IMPEDIMENTS
dc.subjectREGULATORY REQUIREMENTS
dc.subjectREINSURANCE BROKER
dc.subjectREINSURANCE CAPACITY
dc.subjectREINSURANCE COMPANIES
dc.subjectREINSURANCE MARKETS
dc.subjectREINSURANCE PREMIUMS
dc.subjectREINSURER
dc.subjectREINSURERS
dc.subjectRELIEF
dc.subjectRELIEF EFFORTS
dc.subjectRESERVE FUND
dc.subjectRESERVES
dc.subjectRISK ASSESSMENT
dc.subjectRISK DIVERSIFICATION
dc.subjectRISK EXPOSURE
dc.subjectRISK EXPOSURES
dc.subjectRISK INSURANCE
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT SYSTEM
dc.subjectRISK MITIGATION
dc.subjectRISK PROFILES
dc.subjectRISK REDUCTION
dc.subjectRISK REDUCTIONS
dc.subjectRISK TRANSFER
dc.subjectSAFETY
dc.subjectSAFETY NET
dc.subjectSCIENTIFIC ORGANIZATIONS
dc.subjectSECURITIES
dc.subjectSECURITIES MARKET
dc.subjectSECURITIES MARKETS
dc.subjectSOLVENCY
dc.subjectSTARTUP
dc.subjectSUSTAINABILITY
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectSYSTEMIC RISK
dc.subjectTAX
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTRANSACTION COSTS
dc.subjectUNDERWRITING
dc.subjectVOLATILITY
dc.subjectVOLCANOES
dc.subjectWORLD TRADE
dc.titleCatastrophe Risk Financing in Developing Countries : Principles for Public Intervention

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