Earthquake Risk Insurance

dc.creatorMahul, Olivier
dc.creatorWhite, Emily
dc.date2013-10-15T20:34:43Z
dc.date2013-10-15T20:34:43Z
dc.date2012-09
dc.date.accessioned2026-07-01T00:55:20Z
dc.descriptionThe March 2011 earthquake that hit east Japan was the fourth-largest ever recorded. It was not only a human tragedy but an economic shock with losses estimated in excess of 16,900 billion Chinese yuan, making it the costliest disaster in history. Despite this, the Japanese insurance industry is expected to emerge without significant financial impairment, thanks to a well-developed residential earthquake risk insurance dual program (with private nonlife insurers and cooperative mutual insurers) based on conservative control of insurers' liabilities (through insurance policy structures and reinsurance). Meanwhile, more than half of Japanese homeowners are still uninsured, creating a significant fiscal burden for the government. This report gives findings; lessons; and recommendations for developing countries.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2012/09/18027028/earthquake-risk-insurance
dc.identifierhttps://hdl.handle.net/10986/16149
dc.identifierhttps://doi.org/10.1596/16149
dc.identifier.urihttp://hdl.handle.net/123456789/412983
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCIDENT
dc.subjectACCIDENTS
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectAGRICULTURAL COOPERATIVES
dc.subjectAGRICULTURAL INSURANCE
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectASSET BASE
dc.subjectAUTOMOBILE INSURANCE
dc.subjectBASIS RISK
dc.subjectBOND
dc.subjectBONDS
dc.subjectCAPITAL MARKETS
dc.subjectCASUALTY
dc.subjectCENTRAL GOVERNMENT
dc.subjectCLAIM PAYMENTS
dc.subjectCOMPENSATION
dc.subjectCOMPENSATION LAW
dc.subjectCOOPERATIVES
dc.subjectCREDIT RATING
dc.subjectCREDIT RATING AGENCY
dc.subjectDAMAGE ASSESSMENT
dc.subjectDAMAGES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDISASTER
dc.subjectDISASTER RISK
dc.subjectDISASTERS
dc.subjectDISCOUNT RATES
dc.subjectEARTHQUAKE
dc.subjectEARTHQUAKE INSURANCE
dc.subjectEARTHQUAKES
dc.subjectECONOMICS
dc.subjectEXPENDITURES
dc.subjectFARMERS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL SUSTAINABILITY
dc.subjectFIRE
dc.subjectFIRE INSURANCE
dc.subjectFISCAL BURDEN
dc.subjectFLOOD
dc.subjectGENERAL INSURANCE
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGOVERNMENT LIABILITY
dc.subjectGROSS DOMESTIC PRODUCTS
dc.subjectHOLDING
dc.subjectHOMEOWNERS INSURANCE
dc.subjectHOUSING
dc.subjectINDEMNITY
dc.subjectINDEMNITY INSURANCE
dc.subjectINSTRUMENT
dc.subjectINSURANCE CLAIMS
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COVERAGE
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE LAW
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE PENETRATION
dc.subjectINSURANCE POLICIES
dc.subjectINSURANCE POLICY
dc.subjectINSURANCE PREMIUMS
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURANCE SYSTEM
dc.subjectINSURANCE SYSTEMS
dc.subjectINSURANCES
dc.subjectINSURED LOSSES
dc.subjectINSURER
dc.subjectINSURERS
dc.subjectINVESTMENT INCOME
dc.subjectLEVEL OF RISK
dc.subjectLIFE INSURERS
dc.subjectLOSS OF REVENUE
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET INFRASTRUCTURE
dc.subjectMARKET SHARE
dc.subjectMOTOR INSURANCE
dc.subjectNATURAL DISASTER
dc.subjectNATURAL DISASTERS
dc.subjectNON-LIFE INSURANCE
dc.subjectPENSIONS
dc.subjectPERSONAL PROPERTY
dc.subjectPHYSICAL ASSETS
dc.subjectPOLICYHOLDERS
dc.subjectPORTFOLIO
dc.subjectPRICE INSURANCE
dc.subjectPRIVATE INSURANCE
dc.subjectPRIVATE INSURANCE COMPANIES
dc.subjectPRIVATE REINSURANCE
dc.subjectPROGRAMS
dc.subjectRATES
dc.subjectREGULATORY FRAMEWORK
dc.subjectREINSURANCE
dc.subjectREINSURANCE AGREEMENT
dc.subjectREINSURANCE CAPACITY
dc.subjectREINSURER
dc.subjectRELIEF
dc.subjectRESCUE
dc.subjectRESERVE
dc.subjectRESERVE FUND
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRISK ASSESSMENT
dc.subjectRISK EXPOSURE
dc.subjectRISK INSURANCE
dc.subjectRISK MANAGEMENT
dc.subjectRISK MITIGATION
dc.subjectRISK REDUCTION
dc.subjectRISK TRANSFER
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectSEIZURE
dc.subjectSETTLEMENT
dc.subjectSETTLEMENT SYSTEM
dc.subjectSOLVENCY
dc.subjectSUSTAINABILITY
dc.subjectTRANSACTION
dc.subjectTREASURY
dc.subjectTREATIES
dc.subjectTSUNAMI
dc.subjectTSUNAMIS
dc.subjectUNDERWRITING
dc.subjectVICTIMS
dc.subjectVOLCANIC ERUPTION
dc.subjectWAR
dc.titleEarthquake Risk Insurance

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