Financial Risk Analytics for Informed Sovereign Disaster Risk Financing Decision Making

Evaluating the level of financial protection and associated costs of sovereign disaster risk financing and insurance (DRFI) decisions is challenging. DRFI strategies are often presented as a combination of financial instruments, such as domestic re...

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Main Author:	World Bank
Format:	Brief
Language:	English en_US
Published:	Washington, DC 2015
Subjects:	INSURANCE LOSS REINSURANCE EARTHQUAKE RISK INSURANCE DISASTER RISK RISK FINANCING EXCESS OF LOSS REINSURANCE DISASTER RESPONSE LOSSES BANK CREDIT OUTPUTS INFORMATION NATURAL DISASTERS DEBT FINANCIAL RISK DISASTERS INSURANCE CONTRACT DISASTER RESERVES COVERAGE INSURANCE COVERAGE REINSURANCE COMPANIES RISK TRANSFER FINANCE
Online Access:	http://documents.worldbank.org/curated/en/2015/07/24794178/financial-risk-analytics-informed-sovereign-disaster-risk-financing-decision-making http://hdl.handle.net/10986/22419

id	okr-10986-22419
recordtype	oai_dc
spelling	okr-10986-224192021-04-23T14:04:08Z Financial Risk Analytics for Informed Sovereign Disaster Risk Financing Decision Making World Bank INSURANCE LOSS REINSURANCE EARTHQUAKE RISK INSURANCE DISASTER RISK RISK FINANCING EXCESS OF LOSS REINSURANCE DISASTER RESPONSE LOSSES BANK CREDIT OUTPUTS INFORMATION NATURAL DISASTERS DEBT FINANCIAL RISK DISASTERS INSURANCE CONTRACT DISASTER RESERVES COVERAGE INSURANCE COVERAGE REINSURANCE COMPANIES RISK TRANSFER FINANCE Evaluating the level of financial protection and associated costs of sovereign disaster risk financing and insurance (DRFI) decisions is challenging. DRFI strategies are often presented as a combination of financial instruments, such as domestic reserves, contingent credit and catastrophe risk transfer instruments. However, governments usually lack tools to help them evaluate and quantify the costs and benefits of such strategies and answer questions like: what should be the annual budget allocation for post-disaster response? What should be the size of domestic reserves? What should be the amount of contingent credit? Shall government purchase catastrophe risk transfer instruments? Financial risk analytics helps the decision makers evaluate the financial costs and benefits of sovereign DRFI strategies. Understanding the financial implications of alternative sovereign DRFI strategies requires detailed financial analysis. For example, understanding the tradeoff between the quality of financial coverage and its price requires some quantitative financial analysis. The results of financial analysis can also be used to document and justify the process of sovereign DRFI decision making. 2015-08-17T14:59:37Z 2015-08-17T14:59:37Z 2013-08 Brief http://documents.worldbank.org/curated/en/2015/07/24794178/financial-risk-analytics-informed-sovereign-disaster-risk-financing-decision-making http://hdl.handle.net/10986/22419 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Publications & Research Publications & Research :: Brief
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	INSURANCE LOSS REINSURANCE EARTHQUAKE RISK INSURANCE DISASTER RISK RISK FINANCING EXCESS OF LOSS REINSURANCE DISASTER RESPONSE LOSSES BANK CREDIT OUTPUTS INFORMATION NATURAL DISASTERS DEBT FINANCIAL RISK DISASTERS INSURANCE CONTRACT DISASTER RESERVES COVERAGE INSURANCE COVERAGE REINSURANCE COMPANIES RISK TRANSFER FINANCE
spellingShingle	INSURANCE LOSS REINSURANCE EARTHQUAKE RISK INSURANCE DISASTER RISK RISK FINANCING EXCESS OF LOSS REINSURANCE DISASTER RESPONSE LOSSES BANK CREDIT OUTPUTS INFORMATION NATURAL DISASTERS DEBT FINANCIAL RISK DISASTERS INSURANCE CONTRACT DISASTER RESERVES COVERAGE INSURANCE COVERAGE REINSURANCE COMPANIES RISK TRANSFER FINANCE World Bank Financial Risk Analytics for Informed Sovereign Disaster Risk Financing Decision Making
description	Evaluating the level of financial protection and associated costs of sovereign disaster risk financing and insurance (DRFI) decisions is challenging. DRFI strategies are often presented as a combination of financial instruments, such as domestic reserves, contingent credit and catastrophe risk transfer instruments. However, governments usually lack tools to help them evaluate and quantify the costs and benefits of such strategies and answer questions like: what should be the annual budget allocation for post-disaster response? What should be the size of domestic reserves? What should be the amount of contingent credit? Shall government purchase catastrophe risk transfer instruments? Financial risk analytics helps the decision makers evaluate the financial costs and benefits of sovereign DRFI strategies. Understanding the financial implications of alternative sovereign DRFI strategies requires detailed financial analysis. For example, understanding the tradeoff between the quality of financial coverage and its price requires some quantitative financial analysis. The results of financial analysis can also be used to document and justify the process of sovereign DRFI decision making.
format	Brief
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Financial Risk Analytics for Informed Sovereign Disaster Risk Financing Decision Making
title_short	Financial Risk Analytics for Informed Sovereign Disaster Risk Financing Decision Making
title_full	Financial Risk Analytics for Informed Sovereign Disaster Risk Financing Decision Making
title_fullStr	Financial Risk Analytics for Informed Sovereign Disaster Risk Financing Decision Making
title_full_unstemmed	Financial Risk Analytics for Informed Sovereign Disaster Risk Financing Decision Making
title_sort	financial risk analytics for informed sovereign disaster risk financing decision making
publisher	Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/07/24794178/financial-risk-analytics-informed-sovereign-disaster-risk-financing-decision-making http://hdl.handle.net/10986/22419
_version_	1764451031946625024

Financial Risk Analytics for Informed Sovereign Disaster Risk Financing Decision Making

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