Using Capital Markets to Develop Private Catastrophe Insurance

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...

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Main Author:	Pollner, John D.
Format:	Viewpoint
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	CAPITAL MARKETS DISASTERS RISK MANAGEMENT DISASTER PRONE AREAS DISASTER INSURANCE REINSURANCE BONDS AFFILIATE BALANCE SHEETS BONDS CATASTROPHE COVERAGE CATASTROPHES CATASTROPHIC RISKS COUPON RATE DEFAULT RISK FINANCIAL MARKETS FINANCIAL STRUCTURE INDEMNITY INSURABLE RISKS INSURANCE INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE INDUSTRIES INSURANCE INDUSTRY INSURANCE MARKETS INSURERS LIQUIDITY MARINE INSURANCE MITIGATION PREMIUMS PRICE STABILITY PRIMARY INSURER RATES REINSURANCE COMPANIES RISK TRANSFER TREASURY NOTES
Online Access:	http://documents.worldbank.org/curated/en/1999/10/438313/using-capital-markets-develop-private-catastrophe-insurance http://hdl.handle.net/10986/11453

id	okr-10986-11453
recordtype	oai_dc
spelling	okr-10986-114532021-06-14T11:02:52Z Using Capital Markets to Develop Private Catastrophe Insurance Pollner, John D. CAPITAL MARKETS DISASTERS RISK MANAGEMENT DISASTER PRONE AREAS DISASTER INSURANCE REINSURANCE BONDS AFFILIATE BALANCE SHEETS BONDS CAPITAL MARKETS CATASTROPHE COVERAGE CATASTROPHES CATASTROPHIC RISKS COUPON RATE DEFAULT RISK DISASTER INSURANCE DISASTERS FINANCIAL MARKETS FINANCIAL STRUCTURE INDEMNITY INSURABLE RISKS INSURANCE INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE INDUSTRIES INSURANCE INDUSTRY INSURANCE MARKETS INSURERS LIQUIDITY MARINE INSURANCE MITIGATION PREMIUMS PRICE STABILITY PRIMARY INSURER RATES REINSURANCE REINSURANCE COMPANIES RISK MANAGEMENT RISK TRANSFER TREASURY NOTES 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. 2012-08-13T15:06:48Z 2012-08-13T15:06:48Z 1999-10 http://documents.worldbank.org/curated/en/1999/10/438313/using-capital-markets-develop-private-catastrophe-insurance http://hdl.handle.net/10986/11453 English Viewpoint: Public Policy for the Private Sector; Note No. 197 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CAPITAL MARKETS DISASTERS RISK MANAGEMENT DISASTER PRONE AREAS DISASTER INSURANCE REINSURANCE BONDS AFFILIATE BALANCE SHEETS BONDS CAPITAL MARKETS CATASTROPHE COVERAGE CATASTROPHES CATASTROPHIC RISKS COUPON RATE DEFAULT RISK DISASTER INSURANCE DISASTERS FINANCIAL MARKETS FINANCIAL STRUCTURE INDEMNITY INSURABLE RISKS INSURANCE INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE INDUSTRIES INSURANCE INDUSTRY INSURANCE MARKETS INSURERS LIQUIDITY MARINE INSURANCE MITIGATION PREMIUMS PRICE STABILITY PRIMARY INSURER RATES REINSURANCE REINSURANCE COMPANIES RISK MANAGEMENT RISK TRANSFER TREASURY NOTES
spellingShingle	CAPITAL MARKETS DISASTERS RISK MANAGEMENT DISASTER PRONE AREAS DISASTER INSURANCE REINSURANCE BONDS AFFILIATE BALANCE SHEETS BONDS CAPITAL MARKETS CATASTROPHE COVERAGE CATASTROPHES CATASTROPHIC RISKS COUPON RATE DEFAULT RISK DISASTER INSURANCE DISASTERS FINANCIAL MARKETS FINANCIAL STRUCTURE INDEMNITY INSURABLE RISKS INSURANCE INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE INDUSTRIES INSURANCE INDUSTRY INSURANCE MARKETS INSURERS LIQUIDITY MARINE INSURANCE MITIGATION PREMIUMS PRICE STABILITY PRIMARY INSURER RATES REINSURANCE REINSURANCE COMPANIES RISK MANAGEMENT RISK TRANSFER TREASURY NOTES Pollner, John D. Using Capital Markets to Develop Private Catastrophe Insurance
relation	Viewpoint: Public Policy for the Private Sector; Note No. 197
description	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.
format	Publications & Research :: Viewpoint
author	Pollner, John D.
author_facet	Pollner, John D.
author_sort	Pollner, John D.
title	Using Capital Markets to Develop Private Catastrophe Insurance
title_short	Using Capital Markets to Develop Private Catastrophe Insurance
title_full	Using Capital Markets to Develop Private Catastrophe Insurance
title_fullStr	Using Capital Markets to Develop Private Catastrophe Insurance
title_full_unstemmed	Using Capital Markets to Develop Private Catastrophe Insurance
title_sort	using capital markets to develop private catastrophe insurance
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/1999/10/438313/using-capital-markets-develop-private-catastrophe-insurance http://hdl.handle.net/10986/11453
_version_	1764416785605459968

Using Capital Markets to Develop Private Catastrophe Insurance

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