Rapid Onset Natural Disasters: The Role of Financing in Effective Risk Management

The authors provide a conceptual framework for designing a comprehensive risk management strategy for rapid onset natural disasters at the country level, with a particular emphasis on the role of catastrophe loss funding. The authors discuss the ke...

Full description

Bibliographic Details
Main Authors:	Gurenko, Eugene, Lester, Rodney
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	ACCOUNTING ANALYTICAL APPROACH BONDS CANCER CATASTROPHE LOSS CATASTROPHES CATASTROPHIC RISKS CONCEPTUAL FRAMEWORK CONSUMERS CONTINGENT LIABILITIES CONTRACTUAL SAVINGS COST OF CAPITAL DEBT DEVELOPED COUNTRIES DISASTER ASSISTANCE DISASTER INFORMATION DISASTER MITIGATION DISASTER PRONE COUNTRIES DISASTER RECONSTRUCTION DISASTER RELIEF DISASTER RESPONSE DISASTERS EARTHQUAKES ECONOMIC ACTIVITY ECONOMIC CONSEQUENCES ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC INCENTIVES EMERGING MARKETS EXCHANGE RATES EXPENDITURES FLOOD INSURANCE FLOOD PRONE AREAS FLOOD VICTIMS FLOODING FLOODS HEALTH SERVICES HOUSING INCOME INFLATION INSURANCE INSURANCE COMPANIES INSURANCE COVERAGE INSURANCE MARKETS INSURANCE POOLS INSURANCE PREMIUMS INSURANCE PRODUCTS INSURANCE SYSTEM INSURANCE SYSTEMS INSURERS LAWS LEGISLATION MANDATES MARKET INSTRUMENTS MARKET RISK MARKET RISK MANAGEMENT MARKET VALUE MITIGATION MEASURES MULTILATERAL DEVELOPMENT BANKS NATURAL DISASTERS NATURAL HAZARDS PENALTIES POLICYHOLDERS POLITICAL ECONOMY PRIVATE INSURANCE PRIVATE INSURANCE COMPANIES PRIVATE REINSURANCE PROGRAMS PROPERTY RIGHTS PUBLIC SERVICES RATES REINSURANCE REINSURANCE COMPANIES REINSURANCE MARKETS REINSURERS RELIEF RESERVES RESOURCE ALLOCATION RETIREMENT RISK ANALYSIS RISK ASSESSMENT RISK MANAGEMENT RISK MEASUREMENT RISK MITIGATION RISK PREMIUM RISK REDUCTION RISK TRANSFER SAFETY TECHNICAL ASSISTANCE TENTS TERRORISM UNDERWRITING URBAN DEVELOPMENT VOLCANIC ERUPTIONS NATURAL DISASTERS RISK ECONOMIES
Online Access:	http://documents.worldbank.org/curated/en/2004/04/3546324/rapid-onset-natural-disasters-role-financing-effective-risk-management http://hdl.handle.net/10986/14296

id	okr-10986-14296
recordtype	oai_dc
spelling	okr-10986-142962021-04-23T14:03:20Z Rapid Onset Natural Disasters: The Role of Financing in Effective Risk Management Gurenko, Eugene Lester, Rodney ACCOUNTING ANALYTICAL APPROACH BONDS CANCER CATASTROPHE LOSS CATASTROPHES CATASTROPHIC RISKS CONCEPTUAL FRAMEWORK CONSUMERS CONTINGENT LIABILITIES CONTRACTUAL SAVINGS COST OF CAPITAL DEBT DEVELOPED COUNTRIES DISASTER ASSISTANCE DISASTER INFORMATION DISASTER MITIGATION DISASTER PRONE COUNTRIES DISASTER RECONSTRUCTION DISASTER RELIEF DISASTER RESPONSE DISASTERS EARTHQUAKES ECONOMIC ACTIVITY ECONOMIC CONSEQUENCES ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC INCENTIVES EMERGING MARKETS EXCHANGE RATES EXPENDITURES FLOOD INSURANCE FLOOD PRONE AREAS FLOOD VICTIMS FLOODING FLOODS HEALTH SERVICES HOUSING INCOME INFLATION INSURANCE INSURANCE COMPANIES INSURANCE COVERAGE INSURANCE MARKETS INSURANCE POOLS INSURANCE PREMIUMS INSURANCE PRODUCTS INSURANCE SYSTEM INSURANCE SYSTEMS INSURERS LAWS LEGISLATION MANDATES MARKET INSTRUMENTS MARKET RISK MARKET RISK MANAGEMENT MARKET VALUE MITIGATION MEASURES MULTILATERAL DEVELOPMENT BANKS NATURAL DISASTERS NATURAL HAZARDS PENALTIES POLICYHOLDERS POLITICAL ECONOMY PRIVATE INSURANCE PRIVATE INSURANCE COMPANIES PRIVATE REINSURANCE PROGRAMS PROPERTY RIGHTS PUBLIC SERVICES RATES REINSURANCE REINSURANCE COMPANIES REINSURANCE MARKETS REINSURERS RELIEF RESERVES RESOURCE ALLOCATION RETIREMENT RISK ANALYSIS RISK ASSESSMENT RISK MANAGEMENT RISK MEASUREMENT RISK MITIGATION RISK PREMIUM RISK REDUCTION RISK TRANSFER SAFETY TECHNICAL ASSISTANCE TENTS TERRORISM UNDERWRITING URBAN DEVELOPMENT VOLCANIC ERUPTIONS NATURAL DISASTERS RISK MANAGEMENT CATASTROPHE LOSS CATASTROPHIC RISKS RISK RISK TRANSFER ECONOMIES POLITICAL ECONOMY The authors provide a conceptual framework for designing a comprehensive risk management strategy for rapid onset natural disasters at the country level, with a particular emphasis on the role of catastrophe loss funding. The authors discuss the key policy and technical issues involved in building financially sustainable catastrophe risk transfer and funding programs in disaster prone countries and their links to risk mitigation. They also deal with the cognitive and political economy issues that are likely to arise and ways to accommodate them. 2013-07-01T14:42:03Z 2013-07-01T14:42:03Z 2004-04 http://documents.worldbank.org/curated/en/2004/04/3546324/rapid-onset-natural-disasters-role-financing-effective-risk-management http://hdl.handle.net/10986/14296 English en_US Policy Research Working Paper;No.3278 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, D.C. Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTING ANALYTICAL APPROACH BONDS CANCER CATASTROPHE LOSS CATASTROPHES CATASTROPHIC RISKS CONCEPTUAL FRAMEWORK CONSUMERS CONTINGENT LIABILITIES CONTRACTUAL SAVINGS COST OF CAPITAL DEBT DEVELOPED COUNTRIES DISASTER ASSISTANCE DISASTER INFORMATION DISASTER MITIGATION DISASTER PRONE COUNTRIES DISASTER RECONSTRUCTION DISASTER RELIEF DISASTER RESPONSE DISASTERS EARTHQUAKES ECONOMIC ACTIVITY ECONOMIC CONSEQUENCES ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC INCENTIVES EMERGING MARKETS EXCHANGE RATES EXPENDITURES FLOOD INSURANCE FLOOD PRONE AREAS FLOOD VICTIMS FLOODING FLOODS HEALTH SERVICES HOUSING INCOME INFLATION INSURANCE INSURANCE COMPANIES INSURANCE COVERAGE INSURANCE MARKETS INSURANCE POOLS INSURANCE PREMIUMS INSURANCE PRODUCTS INSURANCE SYSTEM INSURANCE SYSTEMS INSURERS LAWS LEGISLATION MANDATES MARKET INSTRUMENTS MARKET RISK MARKET RISK MANAGEMENT MARKET VALUE MITIGATION MEASURES MULTILATERAL DEVELOPMENT BANKS NATURAL DISASTERS NATURAL HAZARDS PENALTIES POLICYHOLDERS POLITICAL ECONOMY PRIVATE INSURANCE PRIVATE INSURANCE COMPANIES PRIVATE REINSURANCE PROGRAMS PROPERTY RIGHTS PUBLIC SERVICES RATES REINSURANCE REINSURANCE COMPANIES REINSURANCE MARKETS REINSURERS RELIEF RESERVES RESOURCE ALLOCATION RETIREMENT RISK ANALYSIS RISK ASSESSMENT RISK MANAGEMENT RISK MEASUREMENT RISK MITIGATION RISK PREMIUM RISK REDUCTION RISK TRANSFER SAFETY TECHNICAL ASSISTANCE TENTS TERRORISM UNDERWRITING URBAN DEVELOPMENT VOLCANIC ERUPTIONS NATURAL DISASTERS RISK MANAGEMENT CATASTROPHE LOSS CATASTROPHIC RISKS RISK RISK TRANSFER ECONOMIES POLITICAL ECONOMY
spellingShingle	ACCOUNTING ANALYTICAL APPROACH BONDS CANCER CATASTROPHE LOSS CATASTROPHES CATASTROPHIC RISKS CONCEPTUAL FRAMEWORK CONSUMERS CONTINGENT LIABILITIES CONTRACTUAL SAVINGS COST OF CAPITAL DEBT DEVELOPED COUNTRIES DISASTER ASSISTANCE DISASTER INFORMATION DISASTER MITIGATION DISASTER PRONE COUNTRIES DISASTER RECONSTRUCTION DISASTER RELIEF DISASTER RESPONSE DISASTERS EARTHQUAKES ECONOMIC ACTIVITY ECONOMIC CONSEQUENCES ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC INCENTIVES EMERGING MARKETS EXCHANGE RATES EXPENDITURES FLOOD INSURANCE FLOOD PRONE AREAS FLOOD VICTIMS FLOODING FLOODS HEALTH SERVICES HOUSING INCOME INFLATION INSURANCE INSURANCE COMPANIES INSURANCE COVERAGE INSURANCE MARKETS INSURANCE POOLS INSURANCE PREMIUMS INSURANCE PRODUCTS INSURANCE SYSTEM INSURANCE SYSTEMS INSURERS LAWS LEGISLATION MANDATES MARKET INSTRUMENTS MARKET RISK MARKET RISK MANAGEMENT MARKET VALUE MITIGATION MEASURES MULTILATERAL DEVELOPMENT BANKS NATURAL DISASTERS NATURAL HAZARDS PENALTIES POLICYHOLDERS POLITICAL ECONOMY PRIVATE INSURANCE PRIVATE INSURANCE COMPANIES PRIVATE REINSURANCE PROGRAMS PROPERTY RIGHTS PUBLIC SERVICES RATES REINSURANCE REINSURANCE COMPANIES REINSURANCE MARKETS REINSURERS RELIEF RESERVES RESOURCE ALLOCATION RETIREMENT RISK ANALYSIS RISK ASSESSMENT RISK MANAGEMENT RISK MEASUREMENT RISK MITIGATION RISK PREMIUM RISK REDUCTION RISK TRANSFER SAFETY TECHNICAL ASSISTANCE TENTS TERRORISM UNDERWRITING URBAN DEVELOPMENT VOLCANIC ERUPTIONS NATURAL DISASTERS RISK MANAGEMENT CATASTROPHE LOSS CATASTROPHIC RISKS RISK RISK TRANSFER ECONOMIES POLITICAL ECONOMY Gurenko, Eugene Lester, Rodney Rapid Onset Natural Disasters: The Role of Financing in Effective Risk Management
relation	Policy Research Working Paper;No.3278
description	The authors provide a conceptual framework for designing a comprehensive risk management strategy for rapid onset natural disasters at the country level, with a particular emphasis on the role of catastrophe loss funding. The authors discuss the key policy and technical issues involved in building financially sustainable catastrophe risk transfer and funding programs in disaster prone countries and their links to risk mitigation. They also deal with the cognitive and political economy issues that are likely to arise and ways to accommodate them.
format	Publications & Research :: Policy Research Working Paper
author	Gurenko, Eugene Lester, Rodney
author_facet	Gurenko, Eugene Lester, Rodney
author_sort	Gurenko, Eugene
title	Rapid Onset Natural Disasters: The Role of Financing in Effective Risk Management
title_short	Rapid Onset Natural Disasters: The Role of Financing in Effective Risk Management
title_full	Rapid Onset Natural Disasters: The Role of Financing in Effective Risk Management
title_fullStr	Rapid Onset Natural Disasters: The Role of Financing in Effective Risk Management
title_full_unstemmed	Rapid Onset Natural Disasters: The Role of Financing in Effective Risk Management
title_sort	rapid onset natural disasters: the role of financing in effective risk management
publisher	World Bank, Washington, D.C.
publishDate	2013
url	http://documents.worldbank.org/curated/en/2004/04/3546324/rapid-onset-natural-disasters-role-financing-effective-risk-management http://hdl.handle.net/10986/14296
_version_	1764430144528711680

Rapid Onset Natural Disasters: The Role of Financing in Effective Risk Management

Similar Items