Using Capital Markets to Develop Private Catastrophe Insurance

• Tác giả: John D Pollner
• Ngôn ngữ: eng
• Ký hiệu phân loại: 368.7 *Insurance against industrial casualties (accidents)
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 314455
• Chủ đề: 1. CAPITAL MARKETS; 2. DISASTER INSURANCE; 3. DISASTER PRONE AREAS; 4. DISASTERS; 5. RISK MANAGEMENT

Tóm tắt

The global catastrophe insurance market exhibits inherent cyclical risks. Disaster-prone countries can improve their protection against catastrophic risk and premium volatility by using capital markets to boost the capacity of the private sector to absorb and spread the risks -- both domestically and internationally. This Note proposes two mechanisms for more efficient management of catastrophic risk: pooled insurance coverage supported by liquidity and credit enhancement facilities, and hazard-indexed bonds to securitize risk.