Initial Market Assessment

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dc.creatorWorld Bank
dc.date2015-08-17T16:06:22Z
dc.date2015-08-17T16:06:22Z
dc.date2013-09-22
dc.date.accessioned2026-07-01T00:52:58Z
dc.descriptionWith the Caribbean Catastrophe Insurance Facility (CCRIF), the Micro-insurance Catastrophe Risk Organization (MiCRO), and the Alternative Insurance Company (AIC), Haiti has world champions of catastrophe insurance at the macro and micro level. Nonetheless, there are various opportunities to help scale up the impact they currently have. The CCRIF has found it more difficult than anticipated to adapt its excess rainfall model to Haiti, and the existing earthquake and tropical cyclone cover could be increased meaningfully by paying higher premium. AIC has substantially promoted property micro-insurance in their partnership with Fonkoze, and wants to reach larger populations with other products and additional distribution partnerships. One way to do this might be to retail a catastrophe property insurance based on the CCRIF parameters. The insurance sector in Haiti, however, is generally weak and poorly supervised. Ongoing projects by the development partners are addressing this but advance slowly, and could benefit from more focus, urgency and top level support. Possible incentives could be the outlook to insure public assets, which deserves to be discussed with the government and would provide a powerful demonstration case. Possibilities for mandatory catastrophe insurance like in Turkey should also be considered. Both require a strong professional insurance sector. A further motivation for strengthening the insurance sector is the untapped potential for agriculture (index) insurance that has already attracted projects. Social protection has become a priority of the government, and can be further strengthened with market-mediated insurance mechanisms, like for example cash transfers that increase in amount or outreach based on specific populations’ needs approximated by disaster loss indices. Haiti can benefit from a growing body of evidence that shows how public private partnerships and the use of insurance related principles benefit low income households.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2015/07/24773496/initial-market-assessment-country-scoping-note-haiti
dc.identifierhttps://hdl.handle.net/10986/22431
dc.identifierhttps://doi.org/10.1596/22431
dc.identifier.urihttp://hdl.handle.net/123456789/412404
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.relationPolitical Champions Group country note;
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectINCOME HOUSEHOLDS
dc.subjectRISKS
dc.subjectSTORM
dc.subjectEARLY WARNING
dc.subjectUNITED STATES AGENCY FOR INTERNATIONAL DEVELOPMENT
dc.subjectRISK REDUCTION
dc.subjectFINANCIAL MANAGEMENT
dc.subjectINCOME
dc.subjectLIFE INSURANCE
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectSTORMS
dc.subjectCOMMERCIAL INSURANCE
dc.subjectCOST OF REINSURANCE
dc.subjectFINANCIAL RESOURCES
dc.subjectINSURER
dc.subjectLIQUIDITY
dc.subjectINSURANCE SOLUTIONS
dc.subjectINCENTIVES
dc.subjectGOVERNMENT CAPACITY
dc.subjectMODELS
dc.subjectDISASTER
dc.subjectPRIVATE INSURANCE
dc.subjectPUBLIC ASSETS
dc.subjectPRICE
dc.subjectTAX
dc.subjectEMERGENCY RELIEF
dc.subjectBUDGETING
dc.subjectBENEFICIARIES
dc.subjectDEBT BURDEN
dc.subjectHURRICANES
dc.subjectINSTRUMENTS
dc.subjectINSURANCE MARKET
dc.subjectSAFETY NETS
dc.subjectINSURANCE COMPANY
dc.subjectBUDGET
dc.subjectCATASTROPHE INSURANCE
dc.subjectDISASTER RELIEF
dc.subjectREINSURERS
dc.subjectCATASTROPHE REINSURANCE
dc.subjectRELIEF
dc.subjectLEGISLATIVE FRAMEWORK
dc.subjectNATURAL DISASTER
dc.subjectDISASTER RESPONSE
dc.subjectFEASIBILITY
dc.subjectINSURANCE MARKETS
dc.subjectFLOODS
dc.subjectPRICE VOLATILITY
dc.subjectPUBLIC BUDGETING
dc.subjectEARLY WARNING SYSTEM
dc.subjectMONETARY FUND
dc.subjectEMERGENCY SITUATIONS
dc.subjectEMERGENCIES
dc.subjectNATURAL DISASTERS
dc.subjectMARKETS
dc.subjectDISASTERS
dc.subjectINSURERS
dc.subjectNEGOTIATIONS
dc.subjectEMERGENCY RESPONSE
dc.subjectCYCLONES
dc.subjectFIRE
dc.subjectEMERGENCY OPERATIONS
dc.subjectFARMERS
dc.subjectLANDSLIDES
dc.subjectCASH TRANSFERS
dc.subjectINSURANCE COVERAGE
dc.subjectFOOD AID
dc.subjectFINANCE
dc.subjectBANKS
dc.subjectGOVERNMENT BUDGETS
dc.subjectREINSURANCE
dc.subjectTROPICAL STORM
dc.subjectDROUGHTS
dc.subjectHUMAN CAPITAL
dc.subjectTROPICAL CYCLONE
dc.subjectEMERGENCY
dc.subjectEARTHQUAKE
dc.subjectECONOMIC IMPACT
dc.subjectMICRO- INSURANCE
dc.subjectDISASTER REDUCTION
dc.subjectPOLICIES
dc.subjectDISASTER RISK
dc.subjectCLIMATE CHANGE
dc.subjectCOUPONS
dc.subjectINSURANCE COVER
dc.subjectVALUE OF COLLATERAL
dc.subjectINSURANCE PRODUCTS
dc.subjectFUTURE
dc.subjectVALUE
dc.subjectPENSIONS
dc.subjectEMERGENCY RECOVERY
dc.subjectBANK
dc.subjectDISASTER RISK FINANCING
dc.subjectBUDGETS
dc.subjectCLIMATE
dc.subjectDEMAND
dc.subjectSAFETY NET
dc.subjectDAMAGE
dc.subjectPROPERTY
dc.subjectINSURANCE CONTRACT
dc.subjectINSURANCE INDUSTRY
dc.subjectTROPICAL STORMS
dc.subjectDISASTER PREPAREDNESS
dc.subjectMICRO-INSURANCE
dc.subjectDISASTER MANAGEMENT
dc.subjectINSURANCE PREMIUM
dc.subjectFINANCIAL ANALYSIS
dc.subjectMARKET
dc.subjectWARNING SYSTEM
dc.subjectFLOOD
dc.subjectCREDIT GUARANTEE
dc.subjectRISK MANAGEMENT SYSTEM
dc.subjectPOLICY
dc.subjectINSURANCE
dc.subjectHURRICANE SEASON
dc.subjectSECURITY
dc.subjectWAR
dc.subjectHURRICANE
dc.subjectINVESTMENT
dc.subjectRISK
dc.subjectINDEMNITY
dc.subjectACCIDENTS
dc.subjectCOLLATERAL
dc.subjectTROPICAL CYCLONES
dc.subjectDISASTER RISKS
dc.subjectSUPPLY
dc.subjectINSURANCE MECHANISMS
dc.subjectINSURANCE SECTOR
dc.subjectDISASTER RISK REDUCTION
dc.subjectEXTERNAL SHOCKS
dc.subjectREVENUE
dc.subjectINVESTMENTS
dc.subjectRISK MANAGEMENT
dc.subjectCIVIL WAR
dc.subjectINSURANCE COMPANIES
dc.subjectCASUALTY
dc.subjectFINANCIAL SECTOR
dc.subjectLIABILITIES
dc.subjectSHORT-TERM LIQUIDITY
dc.subjectSAFETY
dc.subjectINSURANCE PENETRATION
dc.subjectNATURAL HAZARDS
dc.subjectGUARANTEE
dc.subjectRISK ASSESSMENT
dc.subjectBENEFITS
dc.subjectRISK ANALYSIS
dc.subjectDISASTER FINANCING
dc.titleInitial Market Assessment
dc.titleCountry Scoping Note--Haiti
dc.typeReport
dc.typeRapport
dc.typeInforme

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