Catastrophe Insurance Market In The Caribbean Region
DOWNLOAD
Download Catastrophe Insurance Market In The Caribbean Region PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Catastrophe Insurance Market In The Caribbean Region book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Catastrophe Insurance Market In The Caribbean Region
DOWNLOAD
Author : Philippe Auffret
language : en
Publisher: World Bank Publications
Release Date : 2003
Catastrophe Insurance Market In The Caribbean Region written by Philippe Auffret and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Casualty insurance categories.
The Caribbean region suffers from a high degree of economic volatility. A history of repeated external and domestic shocks has made economic insecurity a major concern across the region. Of particular concern to all households, especially the poorest segments of the population, is the exposure to shocks that are generated by catastrophic events or natural disasters. The author develops a conceptual framework for risk management and shows that the insurance market for catastrophic risk in the Caribbean region remains a "thin" market characterized by "high" prices and "low" transfer of risk. He analyzes the possible market failures which could explain the lack of development of the catastrophe insurance market. Finally he outlines a set of recommendations for public sector interventions.
Catastrophe Insurance Market In The Caribbean Region
DOWNLOAD
Author : Philippe Auffret
language : en
Publisher:
Release Date : 2016
Catastrophe Insurance Market In The Caribbean Region written by Philippe Auffret and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
The Caribbean region suffers from a high degree of economic volatility. A history of repeated external and domestic shocks has made economic insecurity a major concern across the region. Of particular concern to all households, especially the poorest segments of the population, is the exposure to shocks that are generated by catastrophic events or natural disasters.Auffret develops a conceptual framework for risk management and shows that the insurance market for catastrophic risk in the Caribbean region remains a quot;thinquot; market characterized by quot;highquot; prices and quot;lowquot; transfer of risk. He analyzes the possible market failures which could explain the lack of development of the catastrophe insurance market. Finally he outlines a set of recommendations for public sector interventions.This paper - a product of the Economic Policy Sector Unit, Latin America and the Caribbean Region - is part of a larger effort in the region to assess the impacts of catastrophic events on welfare.
Catastrophe Risk Management
DOWNLOAD
Author : John D. Pollner
language : en
Publisher: World Bank Publications
Release Date : 2001
Catastrophe Risk Management written by John D. Pollner and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Disaster insurance categories.
In providing support for disaster-prone areas such as the Caribbean, the development community has begun to progress from disaster reconstruction assistance to funding for investment in mitigation as an explicit tool for sustainable development. Now it must enter a new phase, applying risk transfer mechanisms to address the financial risk of exposure to catastrophic events that require funding beyond what can be controlled solely through mitigation and physical measures.
Results Of Preparation Work On The Design Of A Caribbean Catastrophe Risk Insurance Facility
DOWNLOAD
Author : World Bank
language : en
Publisher:
Release Date : 2007
Results Of Preparation Work On The Design Of A Caribbean Catastrophe Risk Insurance Facility written by World Bank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Disaster insurance categories.
In response to the devastation caused by natural hazards in the Caribbean in 2004, the World Bank is developing a risk financing vehicle to allow Caribbean countries to pool natural disaster risks, reduce the cost of insurance, and ensure swift payment by the use of a parametric system of claims determination. The purpose of the proposed initiative is to provide participating countries with an insurance instrument that would help shelter them from natural disasters. The study shows that the instrument would function like business interruption insurance against budgetary losses caused by hurricanes and earthquakes. Because of the speed at which claim payments will be processed, the instrument will be particularly useful in financing immediate post-disaster recovery needs, while an affected government seeks funds from other sources for long-term reconstruction. The creation of this instrument would allow participating governments to channel and share risk through a Caribbean Catastrophe Risk Insurance Facility (CCRIF, or the Facility). The report explains that the Facility will provide Caribbean governments with catastrophe insurance coverage in a cost effective manner by allowing them to access the reinsurance market with a better diversified risk portfolio. The ultimate cost of coverage will depend on the extent of this risk-spreading effect, economies of scale, and the amount of initial capital available to the Facility.
Agricultural Insurance Market In The Caribbean
DOWNLOAD
Author : Diego Arias Carballo
language : en
Publisher:
Release Date : 2013
Agricultural Insurance Market In The Caribbean written by Diego Arias Carballo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Electronic book categories.
Managing Disaster Risk In Emerging Economies
DOWNLOAD
Author : Alcira Kreimer
language : en
Publisher: World Bank Publications
Release Date : 2000-01-01
Managing Disaster Risk In Emerging Economies written by Alcira Kreimer and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-01-01 with Social Science categories.
In 1999 natural catastrophes and man-made disasters claimed more than 105,000 lives, 95 percent of them in the developing world, and caused economic losses of around US$100 billion. In 1998 the twin disasters of the Yangtze and Hurrican Mitch accounted for two-thirds of the US$65 billion loss. The geographical areas affected may vary, but one constant is that the per capita burden of catastrophic losses is dramatically higher in developing countries. To respond to an increased demand to assist disaster rcovery programmes, the World Bank set up the Disaster Management Facility in 1998, to help provide the Bank with a more rapid and strategic response to disaster emergencies. The DMF focuses on risk identification, risk reduction, and risk sharing/transfer, the three major topics in this volume. The DMF also promotes strategic alliances with key private, government, multilateral and nongovernmental organisations to ensure the inclusion of disaster risk reduction as a central value of development. The most important of these partnerships is the ProVention Consortium, launched in February 2000, based on the premise that we must all take responsibility for making the new millennium a safer one.
Catalytic Insurance
DOWNLOAD
Author : Tito Cordella
language : en
Publisher:
Release Date : 2010
Catalytic Insurance written by Tito Cordella and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Access to capital categories.
Abstract: Why should countries buy expensive catastrophe insurance? Abstracting from risk aversion or hedging motives, this paper shows that catastrophe insurance may have a catalytic role on external finance. Such effect is particularly strong in those middle-income countries that face financial constraints when hit by a shock or in its anticipation. Insurance makes defaults less appealing, relaxes countries' borrowing constraint, increases their creditworthiness, and enhances their access to capital markets. Catastrophe lending facilities providing "cheap" reconstruction funds in the aftermath of a natural disaster weaken but do not eliminate the demand for insurance.
Climate Change And Insurance
DOWNLOAD
Author : Eugene N. Gurenko
language : en
Publisher: Routledge
Release Date : 2007
Climate Change And Insurance written by Eugene N. Gurenko and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
First Published in 2007. Routledge is an imprint of Taylor & Francis, an informa company.
Catastrophe Risk Financing In Developing Countries
DOWNLOAD
Author : J. David Cummins
language : en
Publisher: World Bank Publications
Release Date : 2009
Catastrophe Risk Financing In Developing Countries written by J. David Cummins and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Political Science categories.
'Catastrophe Risk Financing in Developing Countries' provides a detailed analysis of the imperfections and inefficiencies that impede the emergence of competitive catastrophe risk markets in developing countries. The book demonstrates how donors and international financial institutions can assist governments in middle- and low-income countries in promoting effective and affordable catastrophe risk financing solutions. The authors present guiding principles on how and when governments, with assistance from donors and international financial institutions, should intervene in catastrophe insurance markets. They also identify key activities to be undertaken by donors and institutions that would allow middle- and low-income countries to develop competitive and cost-effective catastrophe risk financing strategies at both the macro (government) and micro (household) levels. These principles and activities are expected to inform good practices and ensure desirable results in catastrophe insurance projects. 'Catastrophe Risk Financing in Developing Countries' offers valuable advice and guidelines to policy makers and insurance practitioners involved in the development of catastrophe insurance programs in developing countries.
Unleashing Growth And Strengthening Resilience In The Caribbean
DOWNLOAD
Author : Mr.Krishna Srinivasan
language : en
Publisher: International Monetary Fund
Release Date : 2017-11-13
Unleashing Growth And Strengthening Resilience In The Caribbean written by Mr.Krishna Srinivasan and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-13 with Business & Economics categories.
This book provides a diagnosis of the central economic and financial challenges facing Caribbean policymakers and offers broad policy recommendations for promoting a sustained and inclusive increase in economic well-being. The analysis highlights the need for Caribbean economies to make a concerted effort to break the feedback loops between weak macroeconomic fundamentals, notably pertaining to fiscal positions and financial sector strains, and structural impediments, such as high electricity costs, limited financial deepening, violent crime, and brain drain, which have depressed private investment and growth. A recurring theme in the book is the need for greater regional coordination in finding solutions to address the Caribbean’s shared and intertwined macroeconomic and structural challenges. The analysis suggests that strengthening regional and global market integration of Caribbean economies would provide an impetus to sustained growth in incomes and jobs. Greater regional and global economic integration would also facilitate structural transformation and a shift toward new economic activities, resulting in more diversified and less vulnerable economies. A central challenge for the Caribbean is thus to come together as a region, overcome the limitations posed by size, and garner the benefits of globalization. Efforts should build on existing regional arrangements; accelerating progress in implementing these agreements would stimulate trade. Policymakers could also promote deeper integration with Latin America and the rest of the world by pursuing new trade agreements, leveraging current agreements more effectively, or deepening them to include areas beyond traditional trade issues, and developing port and transport infrastructure.