Policy Issues In Insurance Catastrophic Risks And Insurance
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Policy Issues In Insurance Catastrophic Risks And Insurance
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2005-07-06
Policy Issues In Insurance Catastrophic Risks And Insurance written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-07-06 with categories.
These conference proceedings present academic analysis, country reports, and financial/insurance company assessments on how to handle losses caused by large-scale catastrophes including terrorism and atmospheric perils.
Policy Issues In Insurance Risk Awareness Capital Markets And Catastrophic Risks
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2011-08-12
Policy Issues In Insurance Risk Awareness Capital Markets And Catastrophic Risks written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-08-12 with categories.
Includes reports on initiatives to promote natural hazard awareness and disaster risk reduction education, the role of financial markets in financial mitigation of large-scale risks, mechanisms used to quantify catastrophe losses, and hazard risk mapping efforts in Southeast Asian countries.
Catastrophic Risks And Insurance
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Author :
language : en
Publisher: OECD Publishing
Release Date : 2005
Catastrophic Risks And Insurance written by and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
This volume is the eighth of a series devoted to major policy issues in insurance, and sets out the proceedings of a conference, held in Paris in November 2004, to discuss options for dealing with losses caused by large-scale disasters. It contains a selection of papers and reports which focus on three key issues: the insurability of catastrophic risks; the extent to which financial markets can help address the risks of both natural disasters and terrorism; and the role of governments and public-private partnerships in the management of such risks.
Policy Issues In Insurance Risk Awareness Capital Markets And Catastrophic Risks
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2011-08-12
Policy Issues In Insurance Risk Awareness Capital Markets And Catastrophic Risks written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-08-12 with categories.
Includes reports on initiatives to promote natural hazard awareness and disaster risk reduction education, the role of financial markets in financial mitigation of large-scale risks, mechanisms used to quantify catastrophe losses, and hazard risk mapping efforts in Southeast Asian countries.
Policy Issues In Insurance Financial Management Of Large Scale Catastrophes
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2008-09-05
Policy Issues In Insurance Financial Management Of Large Scale Catastrophes written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-09-05 with categories.
Contains three reports focusing on different institutional approaches to the financial management of large-scale catastrophes, the role of risk mitigation and insurance in reducing the impact of natural disasters, and the importance of strategic leadership in the management of crises.
Policy Issues In Insurance Financial Management Of Large Scale Catastrophes
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2008-09-30
Policy Issues In Insurance Financial Management Of Large Scale Catastrophes written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-09-30 with categories.
Contains three reports focusing on different institutional approaches to the financial management of large-scale catastrophes, the role of risk mitigation and insurance in reducing the impact of natural disasters, and the importance of strategic leadership in the management of crises.
Policy Issues In Insurance Environmental Risks And Insurance
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Author :
language : en
Publisher: OECD
Release Date : 2003-11-21
Policy Issues In Insurance Environmental Risks And Insurance written by and has been published by OECD this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-11-21 with Business & Economics categories.
From the increasing incidence of environmental pollution and soil contamination, to recurring natural disasters, the risks posed by the constant interaction between human activities and the environment are diverse, manifold and often catastrophic in their consequences. Therefore, the elaboration of effective risk-management plans, aimed at formulating viable response strategies, requires the contribution of all the economic actors involved: private parties, financial institutions, governments and international organizations. This report focuses on the role of insurance and reinsurance companies in the management of environmental risks - environmental pollution risk and natural catastrophe risk in particular. It discusses the issue of insurability of such risks, analyses the increasing risk of liability for environmental pollution and the underlying trends in the development of environmental liability regimes in OECD countries. It also presents an overview of the various environmental pollution insurance products and techniques developed in response to legal and factual evolutions. In addition, it describes the special features of natural catastrophe risks, the role of traditional insurance markets in the coverage of such perils, and alternative options of coverage, from governmental disaster schemes to new financial market instruments.
Catastrophe Insurance
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Author : Martin F. Grace
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Catastrophe Insurance written by Martin F. Grace and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
1. THE PROBLEM OF CATASTROPHE RISK The risk of large losses from natural disasters in the U.S. has significantly increased in recent years, straining private insurance markets and creating troublesome problems for disaster-prone areas. The threat of mega-catastrophes resulting from intense hurricanes or earthquakes striking major population centers has dramatically altered the insurance environment. Estimates of probable maximum losses (PMLs) to insurers from a mega catastrophe striking the U.S. range up to $100 billion depending on the location and intensity of the event (Applied Insurance Research, 2001).1 A severe disaster could have a significant financial impact on the industry (Cummins, Doherty, and Lo, 2002; Insurance Services Office, 1996a). Estimates of industry gross losses from the terrorist attack on September 11, 2001 range from $30 billion to $50 billion, and the attack's effect on insurance markets underscores the need to understand the dynamics of the supply of and the demand for insurance against extreme events, including natural disasters. Increased catastrophe risk poses difficult challenges for insurers, reinsurers, property owners and public officials (Kleindorfer and Kunreuther, 1999). The fundamental dilemma concerns insurers' ability to handle low-probability, high-consequence (LPHC) events, which generates a host of interrelated issues with respect to how the risk of such events are 1 These probable maximum loss (PML) estimates are based on a SOD-year "return" period.
Catastrophe Risk And Reinsurance
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Author : Eugene N. Gurenko
language : en
Publisher: World Bank Publications
Release Date : 2004
Catastrophe Risk And Reinsurance written by Eugene N. Gurenko 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 2004 with Banks and Banking Reform categories.
Including the latest invaluable insights into catastrophe reinsurance, this book provides you with a wealth of risk management expertise gained from many of the largest catastrophe risk transfer programmes worldwide.
Sovereign Natural Disaster Insurance For Developing Countries A Paradigm Shift In Catastrophe Risk Financing
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Author : Francis Ghesquiere
language : en
Publisher: World Bank Publications
Release Date : 2007
Sovereign Natural Disaster Insurance For Developing Countries A Paradigm Shift In Catastrophe Risk Financing written by Francis Ghesquiere 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 2007 with Banks and Banking Reform categories.
Abstract: Economic theory suggests that countries should ignore uncertainty for public investment and behave as if indifferent to risk because they can pool risks to a much greater extent than private investors can. This paper discusses the general economic theory in the case of developing countries. The analysis identifies several cases where the government's risk-neutral assumption does not hold, thus making rational the use of ex ante risk financing instruments, including sovereign insurance. The paper discusses the optimal level of sovereign insurance. It argues that, because sovereign insurance is usually more expensive than post-disaster financing, it should mainly cover immediate needs, while long-term expenditures should be financed through post-disaster financing (including ex post borrowing and tax increases). In other words, sovereign insurance should not aim at financing the long-term resource gap, but only the short-term liquidity need.