Managing Catastrophic Disaster Risks Using Alternative Risk financing and Pooled Insurance Structures
This report examines the constraints and opportunities in implementing a catastrophe insurance system which can resolve the key obstacles impeding broader implementation of a risk funding approach. The four main pillars in such a strategy involve:...
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| Online Access: | http://documents.worldbank.org/curated/en/2001/05/1490188/managing-catastrophic-disaster-risks-using-alternative-risk-financing-pooled-insurance-structures http://hdl.handle.net/10986/13961 |
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okr-10986-139612021-04-23T14:03:10Z Managing Catastrophic Disaster Risks Using Alternative Risk financing and Pooled Insurance Structures Pollner, John D. ACCOUNTING ACCOUNTING PRINCIPLES ANNUITY APPLICATIONS ATTACHMENT POINT BALANCE SHEETS BANK BONDS CAPITAL BASE CAPITAL MARKETS CAPITAL REQUIREMENT CATASTROPHE COVERAGE CATASTROPHE REINSURANCE CATASTROPHES CATASTROPHIC RISKS COMMISSIONS CONSOLIDATION CONTRACTUAL SAVINGS COVERAGE DEBT DISASTERS EASTERN CARIBBEAN CENTRAL BANK ECOLOGY ECONOMIC IMPACT ECONOMIC REFORM ECONOMICS ECONOMIES OF SCALE ENVIRONMENTAL PERFORMANCE FINANCIAL INSTRUMENTS FINANCIAL INTEGRATION FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL RISK FINANCIAL SECTOR FINANCIAL STRUCTURE FOREST MANAGEMENT INCOME INDEMNITY INSURABLE ASSETS INSURANCE INSURANCE COMPANIES INSURANCE COVERAGE INSURANCE INDUSTRIES INSURANCE INDUSTRY INSURANCE POLICIES INSURANCE RATES INSURANCE RESERVES INSURANCE RISK INSURANCE SUPERVISORS INSURANCE SYSTEM INSURERS INTEGRITY INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INVESTMENT BANKERS INVESTMENT GRANTS LIBERALIZATION LOW INCOME MANAGEMENT INFORMATION SYSTEMS MARKET FORCES MARKET INCENTIVES MARKET INSTRUMENTS MINISTRIES OF FINANCE MITIGATION MORAL HAZARDS POLICYHOLDERS PREMIUMS PRESENT VALUE PRIMARY INSURER PRIVATE SECTOR PRIVATIZATION PROBABILITY OF DEFAULT PROGRAMS PROPERTY INSURANCE PROPERTY RISK PUBLIC INSURANCE REGULATORY FRAMEWORK REINSURANCE REINSURANCE CONTRACT REINSURANCE CONTRACTS REINSURANCE MARKETS REINSURERS RISK ASSESSMENT RISK ASSESSMENTS RISK INSURANCE RISK MANAGEMENT RISK REDUCTION RISK SHARING RISK TRANSFER RISK UNDERWRITING SECURITIES SECURITIZATION SELF INSURANCE SOLVENCY SOLVENCY REQUIREMENTS SUSTAINABILITY SUSTAINABLE DEVELOPMENT SUSTAINABLE GROWTH TRANSITION ECONOMIES UNDERWRITING WATER PRICING This report examines the constraints and opportunities in implementing a catastrophe insurance system which can resolve the key obstacles impeding broader implementation of a risk funding approach. The four main pillars in such a strategy involve: 1) strengthening insurance sector regulatory requirements and supervision; 2) establishing broad-based pooled catastrophe funding structures with efficient risk transfer tools; 3) promoting public insurance policies linked to programs for loss reduction in the uninsured sectors; and 4) strengthening the risk assessment and enforcement of structural measures such as zoning and building code compliance. The report is structured as follows: chapter 1 examines the characteristics of the global insurance and reinsurance market and its links with Caribbean insurers and policyholders Chapter 2 examines the domestic Caribbean insurance market structure and institutions, and their commercial practices Chapter 3 discusses how structural mitigation and vulnerability reduction measures can prove to be cost-effective investments that can dramatically reduce exposure risks on properties. Chapter 4 analyzes the modalities of risk transfer for potential financial losses. Chapter 5 demonstrates innovations being developed for catastrophe risk management. Chapter 6 examines risk management options. Chapter 7 concludes by demonstrating the financial feasibility and sustainability of operating and managing catastrophe risks under a sub-regional pool. 2013-06-17T16:56:38Z 2013-06-17T16:56:38Z 2001-05 http://documents.worldbank.org/curated/en/2001/05/1490188/managing-catastrophic-disaster-risks-using-alternative-risk-financing-pooled-insurance-structures 0-8213-4917-1 http://hdl.handle.net/10986/13961 English World Bank Technical Paper ; No. 495 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Publications & Research :: Publication Publications & Research :: Publication |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
ACCOUNTING ACCOUNTING PRINCIPLES ANNUITY APPLICATIONS ATTACHMENT POINT BALANCE SHEETS BANK BONDS CAPITAL BASE CAPITAL MARKETS CAPITAL REQUIREMENT CATASTROPHE COVERAGE CATASTROPHE REINSURANCE CATASTROPHES CATASTROPHIC RISKS COMMISSIONS CONSOLIDATION CONTRACTUAL SAVINGS COVERAGE DEBT DISASTERS EASTERN CARIBBEAN CENTRAL BANK ECOLOGY ECONOMIC IMPACT ECONOMIC REFORM ECONOMICS ECONOMIES OF SCALE ENVIRONMENTAL PERFORMANCE FINANCIAL INSTRUMENTS FINANCIAL INTEGRATION FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL RISK FINANCIAL SECTOR FINANCIAL STRUCTURE FOREST MANAGEMENT INCOME INDEMNITY INSURABLE ASSETS INSURANCE INSURANCE COMPANIES INSURANCE COVERAGE INSURANCE INDUSTRIES INSURANCE INDUSTRY INSURANCE POLICIES INSURANCE RATES INSURANCE RESERVES INSURANCE RISK INSURANCE SUPERVISORS INSURANCE SYSTEM INSURERS INTEGRITY INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INVESTMENT BANKERS INVESTMENT GRANTS LIBERALIZATION LOW INCOME MANAGEMENT INFORMATION SYSTEMS MARKET FORCES MARKET INCENTIVES MARKET INSTRUMENTS MINISTRIES OF FINANCE MITIGATION MORAL HAZARDS POLICYHOLDERS PREMIUMS PRESENT VALUE PRIMARY INSURER PRIVATE SECTOR PRIVATIZATION PROBABILITY OF DEFAULT PROGRAMS PROPERTY INSURANCE PROPERTY RISK PUBLIC INSURANCE REGULATORY FRAMEWORK REINSURANCE REINSURANCE CONTRACT REINSURANCE CONTRACTS REINSURANCE MARKETS REINSURERS RISK ASSESSMENT RISK ASSESSMENTS RISK INSURANCE RISK MANAGEMENT RISK REDUCTION RISK SHARING RISK TRANSFER RISK UNDERWRITING SECURITIES SECURITIZATION SELF INSURANCE SOLVENCY SOLVENCY REQUIREMENTS SUSTAINABILITY SUSTAINABLE DEVELOPMENT SUSTAINABLE GROWTH TRANSITION ECONOMIES UNDERWRITING WATER PRICING |
| spellingShingle |
ACCOUNTING ACCOUNTING PRINCIPLES ANNUITY APPLICATIONS ATTACHMENT POINT BALANCE SHEETS BANK BONDS CAPITAL BASE CAPITAL MARKETS CAPITAL REQUIREMENT CATASTROPHE COVERAGE CATASTROPHE REINSURANCE CATASTROPHES CATASTROPHIC RISKS COMMISSIONS CONSOLIDATION CONTRACTUAL SAVINGS COVERAGE DEBT DISASTERS EASTERN CARIBBEAN CENTRAL BANK ECOLOGY ECONOMIC IMPACT ECONOMIC REFORM ECONOMICS ECONOMIES OF SCALE ENVIRONMENTAL PERFORMANCE FINANCIAL INSTRUMENTS FINANCIAL INTEGRATION FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL RISK FINANCIAL SECTOR FINANCIAL STRUCTURE FOREST MANAGEMENT INCOME INDEMNITY INSURABLE ASSETS INSURANCE INSURANCE COMPANIES INSURANCE COVERAGE INSURANCE INDUSTRIES INSURANCE INDUSTRY INSURANCE POLICIES INSURANCE RATES INSURANCE RESERVES INSURANCE RISK INSURANCE SUPERVISORS INSURANCE SYSTEM INSURERS INTEGRITY INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INVESTMENT BANKERS INVESTMENT GRANTS LIBERALIZATION LOW INCOME MANAGEMENT INFORMATION SYSTEMS MARKET FORCES MARKET INCENTIVES MARKET INSTRUMENTS MINISTRIES OF FINANCE MITIGATION MORAL HAZARDS POLICYHOLDERS PREMIUMS PRESENT VALUE PRIMARY INSURER PRIVATE SECTOR PRIVATIZATION PROBABILITY OF DEFAULT PROGRAMS PROPERTY INSURANCE PROPERTY RISK PUBLIC INSURANCE REGULATORY FRAMEWORK REINSURANCE REINSURANCE CONTRACT REINSURANCE CONTRACTS REINSURANCE MARKETS REINSURERS RISK ASSESSMENT RISK ASSESSMENTS RISK INSURANCE RISK MANAGEMENT RISK REDUCTION RISK SHARING RISK TRANSFER RISK UNDERWRITING SECURITIES SECURITIZATION SELF INSURANCE SOLVENCY SOLVENCY REQUIREMENTS SUSTAINABILITY SUSTAINABLE DEVELOPMENT SUSTAINABLE GROWTH TRANSITION ECONOMIES UNDERWRITING WATER PRICING Pollner, John D. Managing Catastrophic Disaster Risks Using Alternative Risk financing and Pooled Insurance Structures |
| relation |
World Bank Technical Paper ; No. 495 |
| description |
This report examines the constraints and
opportunities in implementing a catastrophe insurance system
which can resolve the key obstacles impeding broader
implementation of a risk funding approach. The four main
pillars in such a strategy involve: 1) strengthening
insurance sector regulatory requirements and supervision; 2)
establishing broad-based pooled catastrophe funding
structures with efficient risk transfer tools; 3) promoting
public insurance policies linked to programs for loss
reduction in the uninsured sectors; and 4) strengthening the
risk assessment and enforcement of structural measures such
as zoning and building code compliance. The report is
structured as follows: chapter 1 examines the
characteristics of the global insurance and reinsurance
market and its links with Caribbean insurers and
policyholders Chapter 2 examines the domestic Caribbean
insurance market structure and institutions, and their
commercial practices Chapter 3 discusses how structural
mitigation and vulnerability reduction measures can prove to
be cost-effective investments that can dramatically reduce
exposure risks on properties. Chapter 4 analyzes the
modalities of risk transfer for potential financial losses.
Chapter 5 demonstrates innovations being developed for
catastrophe risk management. Chapter 6 examines risk
management options. Chapter 7 concludes by demonstrating the
financial feasibility and sustainability of operating and
managing catastrophe risks under a sub-regional pool. |
| format |
Publications & Research :: Publication |
| author |
Pollner, John D. |
| author_facet |
Pollner, John D. |
| author_sort |
Pollner, John D. |
| title |
Managing Catastrophic Disaster
Risks Using Alternative Risk financing and Pooled Insurance Structures |
| title_short |
Managing Catastrophic Disaster
Risks Using Alternative Risk financing and Pooled Insurance Structures |
| title_full |
Managing Catastrophic Disaster
Risks Using Alternative Risk financing and Pooled Insurance Structures |
| title_fullStr |
Managing Catastrophic Disaster
Risks Using Alternative Risk financing and Pooled Insurance Structures |
| title_full_unstemmed |
Managing Catastrophic Disaster
Risks Using Alternative Risk financing and Pooled Insurance Structures |
| title_sort |
managing catastrophic disaster
risks using alternative risk financing and pooled insurance structures |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2001/05/1490188/managing-catastrophic-disaster-risks-using-alternative-risk-financing-pooled-insurance-structures http://hdl.handle.net/10986/13961 |
| _version_ |
1764424898429583360 |