Managing Catastrophic Disaster Risks Using Alternative Risk Financing and Pooled Insurance Structures, Paperback / softback Book

Managing Catastrophic Disaster Risks Using Alternative Risk Financing and Pooled Insurance Structures Paperback / softback

Part of the World Bank Technical Paper: Europe & Central Asia Poverty Reduction & Economic Management series

Paperback / softback

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This report examines the existing constraints and opportunities to implement a catastrophe insurance system which can resolve the key obstacles currently impeding broader implementation of a risk funding approach.

The four main pillars in such a strategy involve: strengthening the insurance sector regulatory requirements and supervision; establishment of broad based pooled catastrophe funding structures with efficient risk transfer tools; promoting public insurance policies linked to programs for loss reduction in the uninsured sectors; and strengthening the risk assessment and enforcement of structural measures such as zoning and building code compliance.

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