Pooling, Saving, and Prevention : A Comprehensive Insurance Approach to Social Risk Management

Individuals and societies can respond in a variety of ways when faced with the prospect of economic losses from shocks like natural disasters, sickness, sudden death, disability and unemployment. Social risk management is a conceptual framework enc...

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Main Author:	Packard, Truman
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCIDENT INSURANCE ADVERSE SELECTION AGGREGATE DEMAND BANK POLICY CASH TRANSFERS COST OF CAPITAL DISASTER INSURANCE DISASTERS DRIVERS ECONOMIC INSECURITY ECONOMIC POLICIES EMPLOYMENT PROGRAMS FINDING WORK FIRM LEVEL FISCAL POLICY GLOBAL ECONOMY GOVERNMENT FUNDING HOUSEHOLD INCOME HUMAN DEVELOPMENT IMPERFECT INFORMATION INCOME INCOME SECURITY INFORMAL SECTOR INFORMAL SECTOR WORKERS INNOVATION INSTRUMENT INSURANCE INSURANCE COVERAGE INSURANCE POOLS INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE SYSTEM INSURERS INVESTING JOB LOSS JOB TURNOVER JOBS LABOR COSTS LABOR MARKET LABOR MARKETS MARKET EFFICIENCY MARKET INEFFICIENCIES MARKET SIZE MARKET TURNOVER MARKET WAGE MINIMUM WAGES MITIGATION MONETARY POLICIES MORAL HAZARD NATURAL DISASTERS PAYROLL TAX PAYROLL TAXES PENSION PENSION REFORM POLITICAL ECONOMY POOL OF FUNDS PRICE RISK PRIMARY SCHOOL PRIVATE MARKET PRIVATE SAVINGS PRIVATE SECTOR PROGRAMS PUBLIC EMPLOYMENT PUBLIC SPENDING RATES REFORM PROGRAMS REPLACEMENT RATES RETIREMENT RETIREMENT SAVINGS RISK MANAGEMENT RISK POOLING SAFETY SAVINGS SAVINGS ACCOUNTS SHORT-TERM UNEMPLOYMENT SMALL BUSINESS SOCIAL ASSISTANCE SOCIAL FUNDS SOCIAL PROTECTION SOCIAL RISK SOCIAL RISK MANAGEMENT TAX RATES UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT ASSISTANCE UNEMPLOYMENT BENEFIT UNEMPLOYMENT INSURANCE UNEMPLOYMENT INSURANCE SYSTEM VOLATILITY WORKER
Online Access:	http://documents.worldbank.org/curated/en/2004/01/12050318/pooling-saving-prevention-comprehensive-insurance-approach-social-risk-management http://hdl.handle.net/10986/10369

id	okr-10986-10369
recordtype	oai_dc
spelling	okr-10986-103692021-04-23T14:02:50Z Pooling, Saving, and Prevention : A Comprehensive Insurance Approach to Social Risk Management Packard, Truman ACCIDENT INSURANCE ADVERSE SELECTION AGGREGATE DEMAND BANK POLICY CASH TRANSFERS COST OF CAPITAL DISASTER INSURANCE DISASTERS DRIVERS ECONOMIC INSECURITY ECONOMIC POLICIES EMPLOYMENT PROGRAMS FINDING WORK FIRM LEVEL FISCAL POLICY GLOBAL ECONOMY GOVERNMENT FUNDING HOUSEHOLD INCOME HUMAN DEVELOPMENT IMPERFECT INFORMATION INCOME INCOME SECURITY INFORMAL SECTOR INFORMAL SECTOR WORKERS INNOVATION INSTRUMENT INSURANCE INSURANCE COVERAGE INSURANCE POOLS INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE SYSTEM INSURERS INVESTING JOB LOSS JOB TURNOVER JOBS LABOR COSTS LABOR MARKET LABOR MARKETS MARKET EFFICIENCY MARKET INEFFICIENCIES MARKET SIZE MARKET TURNOVER MARKET WAGE MINIMUM WAGES MITIGATION MONETARY POLICIES MORAL HAZARD NATURAL DISASTERS PAYROLL TAX PAYROLL TAXES PENSION PENSION REFORM POLITICAL ECONOMY POOL OF FUNDS PRICE RISK PRIMARY SCHOOL PRIVATE MARKET PRIVATE SAVINGS PRIVATE SECTOR PROGRAMS PUBLIC EMPLOYMENT PUBLIC SPENDING RATES REFORM PROGRAMS REPLACEMENT RATES RETIREMENT RETIREMENT SAVINGS RISK MANAGEMENT RISK POOLING SAFETY SAVINGS SAVINGS ACCOUNTS SHORT-TERM UNEMPLOYMENT SMALL BUSINESS SOCIAL ASSISTANCE SOCIAL FUNDS SOCIAL PROTECTION SOCIAL RISK SOCIAL RISK MANAGEMENT TAX RATES UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT ASSISTANCE UNEMPLOYMENT BENEFIT UNEMPLOYMENT INSURANCE UNEMPLOYMENT INSURANCE SYSTEM VOLATILITY WORKER Individuals and societies can respond in a variety of ways when faced with the prospect of economic losses from shocks like natural disasters, sickness, sudden death, disability and unemployment. Social risk management is a conceptual framework encompassing three broad categories of response: prevention, mitigation, and coping. The comprehensive Insurance approach focuses on mitigation, offering a tool for determining which insurance instruments and preventive measures will be most effective given the size and frequency of various types of possible economic losses. This article explains the comprehensive insurance framework, and uses it to assess recent reforms in Chile's unemployment insurance system. 2012-08-13T11:16:53Z 2012-08-13T11:16:53Z 2004-01 http://documents.worldbank.org/curated/en/2004/01/12050318/pooling-saving-prevention-comprehensive-insurance-approach-social-risk-management http://hdl.handle.net/10986/10369 English en breve; No. 38 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Latin America & Caribbean
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCIDENT INSURANCE ADVERSE SELECTION AGGREGATE DEMAND BANK POLICY CASH TRANSFERS COST OF CAPITAL DISASTER INSURANCE DISASTERS DRIVERS ECONOMIC INSECURITY ECONOMIC POLICIES EMPLOYMENT PROGRAMS FINDING WORK FIRM LEVEL FISCAL POLICY GLOBAL ECONOMY GOVERNMENT FUNDING HOUSEHOLD INCOME HUMAN DEVELOPMENT IMPERFECT INFORMATION INCOME INCOME SECURITY INFORMAL SECTOR INFORMAL SECTOR WORKERS INNOVATION INSTRUMENT INSURANCE INSURANCE COVERAGE INSURANCE POOLS INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE SYSTEM INSURERS INVESTING JOB LOSS JOB TURNOVER JOBS LABOR COSTS LABOR MARKET LABOR MARKETS MARKET EFFICIENCY MARKET INEFFICIENCIES MARKET SIZE MARKET TURNOVER MARKET WAGE MINIMUM WAGES MITIGATION MONETARY POLICIES MORAL HAZARD NATURAL DISASTERS PAYROLL TAX PAYROLL TAXES PENSION PENSION REFORM POLITICAL ECONOMY POOL OF FUNDS PRICE RISK PRIMARY SCHOOL PRIVATE MARKET PRIVATE SAVINGS PRIVATE SECTOR PROGRAMS PUBLIC EMPLOYMENT PUBLIC SPENDING RATES REFORM PROGRAMS REPLACEMENT RATES RETIREMENT RETIREMENT SAVINGS RISK MANAGEMENT RISK POOLING SAFETY SAVINGS SAVINGS ACCOUNTS SHORT-TERM UNEMPLOYMENT SMALL BUSINESS SOCIAL ASSISTANCE SOCIAL FUNDS SOCIAL PROTECTION SOCIAL RISK SOCIAL RISK MANAGEMENT TAX RATES UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT ASSISTANCE UNEMPLOYMENT BENEFIT UNEMPLOYMENT INSURANCE UNEMPLOYMENT INSURANCE SYSTEM VOLATILITY WORKER
spellingShingle	ACCIDENT INSURANCE ADVERSE SELECTION AGGREGATE DEMAND BANK POLICY CASH TRANSFERS COST OF CAPITAL DISASTER INSURANCE DISASTERS DRIVERS ECONOMIC INSECURITY ECONOMIC POLICIES EMPLOYMENT PROGRAMS FINDING WORK FIRM LEVEL FISCAL POLICY GLOBAL ECONOMY GOVERNMENT FUNDING HOUSEHOLD INCOME HUMAN DEVELOPMENT IMPERFECT INFORMATION INCOME INCOME SECURITY INFORMAL SECTOR INFORMAL SECTOR WORKERS INNOVATION INSTRUMENT INSURANCE INSURANCE COVERAGE INSURANCE POOLS INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE SYSTEM INSURERS INVESTING JOB LOSS JOB TURNOVER JOBS LABOR COSTS LABOR MARKET LABOR MARKETS MARKET EFFICIENCY MARKET INEFFICIENCIES MARKET SIZE MARKET TURNOVER MARKET WAGE MINIMUM WAGES MITIGATION MONETARY POLICIES MORAL HAZARD NATURAL DISASTERS PAYROLL TAX PAYROLL TAXES PENSION PENSION REFORM POLITICAL ECONOMY POOL OF FUNDS PRICE RISK PRIMARY SCHOOL PRIVATE MARKET PRIVATE SAVINGS PRIVATE SECTOR PROGRAMS PUBLIC EMPLOYMENT PUBLIC SPENDING RATES REFORM PROGRAMS REPLACEMENT RATES RETIREMENT RETIREMENT SAVINGS RISK MANAGEMENT RISK POOLING SAFETY SAVINGS SAVINGS ACCOUNTS SHORT-TERM UNEMPLOYMENT SMALL BUSINESS SOCIAL ASSISTANCE SOCIAL FUNDS SOCIAL PROTECTION SOCIAL RISK SOCIAL RISK MANAGEMENT TAX RATES UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT ASSISTANCE UNEMPLOYMENT BENEFIT UNEMPLOYMENT INSURANCE UNEMPLOYMENT INSURANCE SYSTEM VOLATILITY WORKER Packard, Truman Pooling, Saving, and Prevention : A Comprehensive Insurance Approach to Social Risk Management
geographic_facet	Latin America & Caribbean
relation	en breve; No. 38
description	Individuals and societies can respond in a variety of ways when faced with the prospect of economic losses from shocks like natural disasters, sickness, sudden death, disability and unemployment. Social risk management is a conceptual framework encompassing three broad categories of response: prevention, mitigation, and coping. The comprehensive Insurance approach focuses on mitigation, offering a tool for determining which insurance instruments and preventive measures will be most effective given the size and frequency of various types of possible economic losses. This article explains the comprehensive insurance framework, and uses it to assess recent reforms in Chile's unemployment insurance system.
format	Publications & Research :: Brief
author	Packard, Truman
author_facet	Packard, Truman
author_sort	Packard, Truman
title	Pooling, Saving, and Prevention : A Comprehensive Insurance Approach to Social Risk Management
title_short	Pooling, Saving, and Prevention : A Comprehensive Insurance Approach to Social Risk Management
title_full	Pooling, Saving, and Prevention : A Comprehensive Insurance Approach to Social Risk Management
title_fullStr	Pooling, Saving, and Prevention : A Comprehensive Insurance Approach to Social Risk Management
title_full_unstemmed	Pooling, Saving, and Prevention : A Comprehensive Insurance Approach to Social Risk Management
title_sort	pooling, saving, and prevention : a comprehensive insurance approach to social risk management
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2004/01/12050318/pooling-saving-prevention-comprehensive-insurance-approach-social-risk-management http://hdl.handle.net/10986/10369
_version_	1764412843910758400

Pooling, Saving, and Prevention : A Comprehensive Insurance Approach to Social Risk Management

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