Review of Public and Private Disaster Risk Financing Mechanisms in Central Europe
This study comprises a review of government post-disaster safety nets as well as those provided by the private insurance market in four countries of Central Europe, namely the Czech Republic, Hungary, Poland, and Slovakia. The study attempts to est...
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| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2009/08/16420802/review-public-private-disaster-risk-financing-mechanisms-central-europe http://hdl.handle.net/10986/12838 |
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okr-10986-12838 |
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| recordtype |
oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCIDENT ACTS OF GOD AGENTS ALLOCATION ALLOWANCE ASSURANCE AVALANCHE AVALANCHES BANKS BENEFICIARIES BROKERS CATASTROPHE RISK FINANCING CATASTROPHIC EVENT CATASTROPHIC EVENTS CATASTROPHIC RISKS CLIMATE CLIMATE CHANGE COMMERCIAL INSURANCE COMMISSIONS COMPULSORY INSURANCE CONDITIONS OF COVERAGE CONSUMERS DAMAGE CLAIMS DAMAGES DECLARATION DEVASTATION DISASTER DISASTER AID DISASTER ASSISTANCE DISASTER COMPENSATION DISASTER MANAGEMENT DISASTER PRONE AREAS DISASTER RECONSTRUCTION DISASTER RECOVERY DISASTER RELIEF DISASTER RISK DISASTER RISK FINANCING DISASTER VICTIMS DISASTERS EARTHQUAKE EARTHQUAKE INSURANCE EARTHQUAKES ECONOMIC GROWTH EMERGENCIES EMERGENCY ASSISTANCE EMERGENCY PREPAREDNESS EMERGENCY RELIEF EMERGENCY SITUATIONS EVACUATION EXCESS OF LOSS REINSURANCE EXPLOSION EXTREME TEMPERATURE EXTREME WEATHER EXTREME WEATHER EVENTS FATALITY FINANCIAL ASSISTANCE FIRE FIRES FISCAL POLICIES FLOOD FLOOD CONTROL FLOOD DAMAGE FLOOD INSURANCE FLOOD MANAGEMENT FLOOD PRONE AREAS FLOOD PROTECTION FLOOD VICTIMS FLOODED FLOODING FLOODS FORCE MAJEURE GLOBAL REINSURANCE GLOBAL REINSURANCE MARKET GOVERNMENT DEPARTMENTS HEAVY RAIN HURRICANES INDEMNITIES INDEMNITY INSURABILITY INSURANCE INSURANCE AGENTS INSURANCE ASSOCIATION INSURANCE ASSOCIATIONS INSURANCE CLAIMS INSURANCE COMPANIES INSURANCE COMPANY INSURANCE COVER INSURANCE COVERAGE INSURANCE GUARANTEE INSURANCE INDEMNITIES INSURANCE INDUSTRY INSURANCE LAW INSURANCE MARKET INSURANCE MARKETS INSURANCE POLICIES INSURANCE POLICY INSURANCE PREMIUMS INSURANCE REGULATOR INSURANCE REGULATORS INSURANCE RISK INSURANCE SCHEME INSURANCE SECTOR INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURED LOSSES INSURER INSURERS INTEREST RATE INTERNATIONAL REINSURANCE LAND USE LANDSLIDE LANDSLIDES LAWS LIFE INSURANCE LIFE INSURANCE INDUSTRY LOCAL INSURANCE MARKET LOSS RATIO MANDATORY INSURANCE COVERAGE NATIONAL EMERGENCIES NATIONAL EMERGENCY NATIONAL FLOOD INSURANCE NATURAL CATASTROPHES NATURAL DISASTER NATURAL DISASTERS NATURAL HAZARD NATURAL HAZARDS NON-LIFE INSURANCE PENALTIES POLICYHOLDERS POOR FARMERS PORTFOLIO PRIVATE CATASTROPHE INSURANCE PRIVATE INSURANCE PROGRAMS PROPERTY INSURANCE RATES REGULATORY FRAMEWORK REINSURANCE REINSURANCE BROKER REINSURANCE CAPACITY REINSURANCE COMPANIES REINSURERS RELIEF ASSISTANCE RELIEF WORK RESCUE RESERVES RISK ASSESSMENT RISK DIVERSIFICATION RISK EXPOSURE RISK EXPOSURES RISK MANAGEMENT RISK PREMIUM SAFETY SAVINGS SCENARIOS SOLVENCY STORM SUPPLY SIDE TERRORIST UNDERINSURANCE UNDERWRITING VICTIMS VOLCANOES WIND STORM WIND STORMS |
| spellingShingle |
ACCIDENT ACTS OF GOD AGENTS ALLOCATION ALLOWANCE ASSURANCE AVALANCHE AVALANCHES BANKS BENEFICIARIES BROKERS CATASTROPHE RISK FINANCING CATASTROPHIC EVENT CATASTROPHIC EVENTS CATASTROPHIC RISKS CLIMATE CLIMATE CHANGE COMMERCIAL INSURANCE COMMISSIONS COMPULSORY INSURANCE CONDITIONS OF COVERAGE CONSUMERS DAMAGE CLAIMS DAMAGES DECLARATION DEVASTATION DISASTER DISASTER AID DISASTER ASSISTANCE DISASTER COMPENSATION DISASTER MANAGEMENT DISASTER PRONE AREAS DISASTER RECONSTRUCTION DISASTER RECOVERY DISASTER RELIEF DISASTER RISK DISASTER RISK FINANCING DISASTER VICTIMS DISASTERS EARTHQUAKE EARTHQUAKE INSURANCE EARTHQUAKES ECONOMIC GROWTH EMERGENCIES EMERGENCY ASSISTANCE EMERGENCY PREPAREDNESS EMERGENCY RELIEF EMERGENCY SITUATIONS EVACUATION EXCESS OF LOSS REINSURANCE EXPLOSION EXTREME TEMPERATURE EXTREME WEATHER EXTREME WEATHER EVENTS FATALITY FINANCIAL ASSISTANCE FIRE FIRES FISCAL POLICIES FLOOD FLOOD CONTROL FLOOD DAMAGE FLOOD INSURANCE FLOOD MANAGEMENT FLOOD PRONE AREAS FLOOD PROTECTION FLOOD VICTIMS FLOODED FLOODING FLOODS FORCE MAJEURE GLOBAL REINSURANCE GLOBAL REINSURANCE MARKET GOVERNMENT DEPARTMENTS HEAVY RAIN HURRICANES INDEMNITIES INDEMNITY INSURABILITY INSURANCE INSURANCE AGENTS INSURANCE ASSOCIATION INSURANCE ASSOCIATIONS INSURANCE CLAIMS INSURANCE COMPANIES INSURANCE COMPANY INSURANCE COVER INSURANCE COVERAGE INSURANCE GUARANTEE INSURANCE INDEMNITIES INSURANCE INDUSTRY INSURANCE LAW INSURANCE MARKET INSURANCE MARKETS INSURANCE POLICIES INSURANCE POLICY INSURANCE PREMIUMS INSURANCE REGULATOR INSURANCE REGULATORS INSURANCE RISK INSURANCE SCHEME INSURANCE SECTOR INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURED LOSSES INSURER INSURERS INTEREST RATE INTERNATIONAL REINSURANCE LAND USE LANDSLIDE LANDSLIDES LAWS LIFE INSURANCE LIFE INSURANCE INDUSTRY LOCAL INSURANCE MARKET LOSS RATIO MANDATORY INSURANCE COVERAGE NATIONAL EMERGENCIES NATIONAL EMERGENCY NATIONAL FLOOD INSURANCE NATURAL CATASTROPHES NATURAL DISASTER NATURAL DISASTERS NATURAL HAZARD NATURAL HAZARDS NON-LIFE INSURANCE PENALTIES POLICYHOLDERS POOR FARMERS PORTFOLIO PRIVATE CATASTROPHE INSURANCE PRIVATE INSURANCE PROGRAMS PROPERTY INSURANCE RATES REGULATORY FRAMEWORK REINSURANCE REINSURANCE BROKER REINSURANCE CAPACITY REINSURANCE COMPANIES REINSURERS RELIEF ASSISTANCE RELIEF WORK RESCUE RESERVES RISK ASSESSMENT RISK DIVERSIFICATION RISK EXPOSURE RISK EXPOSURES RISK MANAGEMENT RISK PREMIUM SAFETY SAVINGS SCENARIOS SOLVENCY STORM SUPPLY SIDE TERRORIST UNDERINSURANCE UNDERWRITING VICTIMS VOLCANOES WIND STORM WIND STORMS Gurenko, Eugene N. Dumitru, Denisa Review of Public and Private Disaster Risk Financing Mechanisms in Central Europe |
| geographic_facet |
Europe and Central Asia Europe |
| description |
This study comprises a review of
government post-disaster safety nets as well as those
provided by the private insurance market in four countries
of Central Europe, namely the Czech Republic, Hungary,
Poland, and Slovakia. The study attempts to establish the
extent of financial vulnerability of governments and
households to natural hazards in four countries of Central
Europe by examining: 1) the fiscal policy of four Central
European countries in the areas of post-disaster relief and
reconstruction; and 2) the extent of catastrophe insurance
coverage provided by the private insurance industry in the
region as well as the technical capacity of national
insurance markets to manage catastrophe insurance risk. The
study is intended for four principal audiences: government
officials in Central European countries; World Bank staff
involved in disaster risk financing and reconstruction
projects; the international development community as well as
the private insurance and reinsurance industry. This report
was prepared based on a series of written surveys followed
by interviews with key government officials, government
experts and insurers in four countries of the study. The
field work has been supplemented by a review of the
pertinent literature. The structure of the report is as
follows. chapter one reviews the level of catastrophe
insurance penetration in the four countries of Central
Europe. It also provides an overview of fiscal policies and
mechanisms currently in place for dealing with national
emergencies. Chapter two presents the main findings and
policy recommendations of the study. |
| format |
Economic & Sector Work :: Other Social Protection Study |
| author |
Gurenko, Eugene N. Dumitru, Denisa |
| author_facet |
Gurenko, Eugene N. Dumitru, Denisa |
| author_sort |
Gurenko, Eugene N. |
| title |
Review of Public and Private Disaster Risk Financing Mechanisms in Central Europe |
| title_short |
Review of Public and Private Disaster Risk Financing Mechanisms in Central Europe |
| title_full |
Review of Public and Private Disaster Risk Financing Mechanisms in Central Europe |
| title_fullStr |
Review of Public and Private Disaster Risk Financing Mechanisms in Central Europe |
| title_full_unstemmed |
Review of Public and Private Disaster Risk Financing Mechanisms in Central Europe |
| title_sort |
review of public and private disaster risk financing mechanisms in central europe |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2009/08/16420802/review-public-private-disaster-risk-financing-mechanisms-central-europe http://hdl.handle.net/10986/12838 |
| _version_ |
1764421214731763712 |
| spelling |
okr-10986-128382021-04-23T14:03:03Z Review of Public and Private Disaster Risk Financing Mechanisms in Central Europe Gurenko, Eugene N. Dumitru, Denisa ACCIDENT ACTS OF GOD AGENTS ALLOCATION ALLOWANCE ASSURANCE AVALANCHE AVALANCHES BANKS BENEFICIARIES BROKERS CATASTROPHE RISK FINANCING CATASTROPHIC EVENT CATASTROPHIC EVENTS CATASTROPHIC RISKS CLIMATE CLIMATE CHANGE COMMERCIAL INSURANCE COMMISSIONS COMPULSORY INSURANCE CONDITIONS OF COVERAGE CONSUMERS DAMAGE CLAIMS DAMAGES DECLARATION DEVASTATION DISASTER DISASTER AID DISASTER ASSISTANCE DISASTER COMPENSATION DISASTER MANAGEMENT DISASTER PRONE AREAS DISASTER RECONSTRUCTION DISASTER RECOVERY DISASTER RELIEF DISASTER RISK DISASTER RISK FINANCING DISASTER VICTIMS DISASTERS EARTHQUAKE EARTHQUAKE INSURANCE EARTHQUAKES ECONOMIC GROWTH EMERGENCIES EMERGENCY ASSISTANCE EMERGENCY PREPAREDNESS EMERGENCY RELIEF EMERGENCY SITUATIONS EVACUATION EXCESS OF LOSS REINSURANCE EXPLOSION EXTREME TEMPERATURE EXTREME WEATHER EXTREME WEATHER EVENTS FATALITY FINANCIAL ASSISTANCE FIRE FIRES FISCAL POLICIES FLOOD FLOOD CONTROL FLOOD DAMAGE FLOOD INSURANCE FLOOD MANAGEMENT FLOOD PRONE AREAS FLOOD PROTECTION FLOOD VICTIMS FLOODED FLOODING FLOODS FORCE MAJEURE GLOBAL REINSURANCE GLOBAL REINSURANCE MARKET GOVERNMENT DEPARTMENTS HEAVY RAIN HURRICANES INDEMNITIES INDEMNITY INSURABILITY INSURANCE INSURANCE AGENTS INSURANCE ASSOCIATION INSURANCE ASSOCIATIONS INSURANCE CLAIMS INSURANCE COMPANIES INSURANCE COMPANY INSURANCE COVER INSURANCE COVERAGE INSURANCE GUARANTEE INSURANCE INDEMNITIES INSURANCE INDUSTRY INSURANCE LAW INSURANCE MARKET INSURANCE MARKETS INSURANCE POLICIES INSURANCE POLICY INSURANCE PREMIUMS INSURANCE REGULATOR INSURANCE REGULATORS INSURANCE RISK INSURANCE SCHEME INSURANCE SECTOR INSURANCE SUPERVISION INSURANCE SUPERVISORS INSURED LOSSES INSURER INSURERS INTEREST RATE INTERNATIONAL REINSURANCE LAND USE LANDSLIDE LANDSLIDES LAWS LIFE INSURANCE LIFE INSURANCE INDUSTRY LOCAL INSURANCE MARKET LOSS RATIO MANDATORY INSURANCE COVERAGE NATIONAL EMERGENCIES NATIONAL EMERGENCY NATIONAL FLOOD INSURANCE NATURAL CATASTROPHES NATURAL DISASTER NATURAL DISASTERS NATURAL HAZARD NATURAL HAZARDS NON-LIFE INSURANCE PENALTIES POLICYHOLDERS POOR FARMERS PORTFOLIO PRIVATE CATASTROPHE INSURANCE PRIVATE INSURANCE PROGRAMS PROPERTY INSURANCE RATES REGULATORY FRAMEWORK REINSURANCE REINSURANCE BROKER REINSURANCE CAPACITY REINSURANCE COMPANIES REINSURERS RELIEF ASSISTANCE RELIEF WORK RESCUE RESERVES RISK ASSESSMENT RISK DIVERSIFICATION RISK EXPOSURE RISK EXPOSURES RISK MANAGEMENT RISK PREMIUM SAFETY SAVINGS SCENARIOS SOLVENCY STORM SUPPLY SIDE TERRORIST UNDERINSURANCE UNDERWRITING VICTIMS VOLCANOES WIND STORM WIND STORMS This study comprises a review of government post-disaster safety nets as well as those provided by the private insurance market in four countries of Central Europe, namely the Czech Republic, Hungary, Poland, and Slovakia. The study attempts to establish the extent of financial vulnerability of governments and households to natural hazards in four countries of Central Europe by examining: 1) the fiscal policy of four Central European countries in the areas of post-disaster relief and reconstruction; and 2) the extent of catastrophe insurance coverage provided by the private insurance industry in the region as well as the technical capacity of national insurance markets to manage catastrophe insurance risk. The study is intended for four principal audiences: government officials in Central European countries; World Bank staff involved in disaster risk financing and reconstruction projects; the international development community as well as the private insurance and reinsurance industry. This report was prepared based on a series of written surveys followed by interviews with key government officials, government experts and insurers in four countries of the study. The field work has been supplemented by a review of the pertinent literature. The structure of the report is as follows. chapter one reviews the level of catastrophe insurance penetration in the four countries of Central Europe. It also provides an overview of fiscal policies and mechanisms currently in place for dealing with national emergencies. Chapter two presents the main findings and policy recommendations of the study. 2013-03-21T19:59:05Z 2013-03-21T19:59:05Z 2009-08-08 http://documents.worldbank.org/curated/en/2009/08/16420802/review-public-private-disaster-risk-financing-mechanisms-central-europe http://hdl.handle.net/10986/12838 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Other Social Protection Study Economic & Sector Work Europe and Central Asia Europe |