Managing Catastrophic Disaster Risks Using Alternative Risk financing and Pooled Insurance Structures

• Tác giả: John D Pollner
• Ngôn ngữ: eng
• Ký hiệu phân loại: 155.93 Influence of specific situations
• Thông tin xuất bản: 2013
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 308488
• Chủ đề: 1. ACCOUNTING; 2. ACCOUNTING PRINCIPLES; 3. ANNUITY; 4. APPLICATIONS; 5. ATTACHMENT POINT

Tóm tắt

 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.