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Catastrophe risk financing in developing countries [[electronic resource] ] : principles for public intervention / / J. David Cummins and Olivier Mahul
| Catastrophe risk financing in developing countries [[electronic resource] ] : principles for public intervention / / J. David Cummins and Olivier Mahul |
| Autore | Cummins J. David |
| Pubbl/distr/stampa | Washington, D.C., : World Bank, c2009 |
| Descrizione fisica | 1 online resource (297 p.) |
| Disciplina | 336.091724 22 |
| Altri autori (Persone) | MahulOlivier |
| Soggetto topico |
Finance, Public - Developing countries
Natural disasters - Developing countries - Finance Risk (Insurance) - Developing countries Economic assistance - Developing countries |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-281-95973-1
9786611959739 0-8213-7737-X |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910453877803321 |
Cummins J. David
|
||
| Washington, D.C., : World Bank, c2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Catastrophe risk financing in developing countries : : principles for public intervention / / J. David Cummins and Olivier Mahul
| Catastrophe risk financing in developing countries : : principles for public intervention / / J. David Cummins and Olivier Mahul |
| Autore | Cummins J. David |
| Pubbl/distr/stampa | Washington, D.C. : , : World Bank, , c2009 |
| Descrizione fisica | xxiv, 268 pages : illustrations ; ; 23 cm |
| Disciplina | 336.091724 22 |
| Altri autori (Persone) | MahulOlivier |
| Soggetto topico |
Finance, Public - Developing countries
Natural disasters - Developing countries - Finance Risk (Insurance) - Developing countries Economic assistance - Developing countries |
| ISBN |
1-281-95973-1
9786611959739 0-8213-7737-X |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Record Nr. | UNINA-9910782666503321 |
|
Cummins J. David
|
||
| Washington, D.C. : , : World Bank, , c2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Catastrophe risk financing in developing countries : principles for public intervention / / J. David Cummins and Olivier Mahul
| Catastrophe risk financing in developing countries : principles for public intervention / / J. David Cummins and Olivier Mahul |
| Autore | Cummins J. David |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C., : World Bank, c2009 |
| Descrizione fisica | xxiv, 268 pages : illustrations ; ; 23 cm |
| Disciplina | 336.091724 22 |
| Altri autori (Persone) | MahulOlivier |
| Soggetto topico |
Finance, Public - Developing countries
Natural disasters - Developing countries - Finance Risk (Insurance) - Developing countries Economic assistance - Developing countries |
| ISBN |
1-281-95973-1
9786611959739 0-8213-7737-X |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Intro -- Contents -- Foreword -- Acknowledgments -- Abbreviations -- Glossary -- Overview -- Toward a Country Catastrophe Risk Financing Framework -- Why Should Donors Intervene in Catastrophe Risk Markets? -- How Should Donors Intervene in Catastrophe Risk Markets? -- What Roles for the Donor Community? -- 1. Introduction -- Cost of Natural Disasters in Developing Countries -- Proactive Country Disaster Risk Management -- Toward a Country Catastrophe Risk Financing Framework -- Objectives -- 2. Market Imperfections and Catastrophe Insurance -- Basic Features of Catastrophe Insurance Markets -- Demand-Driven Market Imperfections -- Supply-Driven Market Imperfections -- Are Prices of Catastrophe Risk Transfer Instruments Excessive? -- Summary: Insurance Markets and Market Imperfections -- Notes -- 3. Principles for Public Intervention in the Catastrophe Insurance Markets -- Risks of Public Intervention in Catastrophe Insurance Markets -- Guiding Principles for Market Intervention -- Notes -- 4. Roles for the Donor Community -- Convening Power -- Promoter of Public Goods -- Provider of Technical Assistance for Innovative Catastrophe Risk Financing Solutions -- Financier -- References -- Appendixes -- Appendix 1. World Bank List of Economies -- Appendix 2. Reference Catastrophe Losses -- Appendix 3. Catastrophe Risk Modeling -- Introduction: Using Modeling to Manage Risk -- Methodology -- Risk Metrics -- Appendix 4. Catastrophe Risk Financing Projects Supported by the World Bank and Donors -- Appendix 5. Some Recent Catastrophe Risk Financing Initiatives Supported by the World Bank and Donors -- Property Catastrophe Insurance Programs for Homeowners -- Agricultural Insurance Programs -- Sovereign Risk Financing -- Notes -- References -- Appendix 6. Prototype Weather-Based Crop Insurance Policy -- Appendix 7. Commercial Catastrophe Risk Models.
Appendix 8. Review of the Catastrophe Reinsurance Market -- Introduction -- The Role of Reinsurance -- The Global Market for Reinsurance -- Insurance and Reinsurance Market Response to Mega-Catastrophes -- Conclusion -- Notes -- References -- Appendix 9. CAT Bonds and Other Risk-Linked Securities: State of the Market and Recent Developments -- Introduction -- The Structure of Risk-Linked Securities -- The Risk-Linked Securities Market -- Conclusion -- Notes -- References -- Appendix 10. Catastrophe Reinsurance Pricing -- Introduction -- The Mean-Variance Model -- A More Realistic Actuarial Model -- Reinsurer's Target Economic Return -- Numerical Illustration -- Notes -- References -- Index -- Boxes -- Box 1.1 GFDRR Financial and Technical Assistance -- Box 1.2 World Bank Group's Catastrophe Risk Products and Services -- Box 2.1 Portfolio Cost of Capital -- Box 2.2 World Bank Project Reallocations After a Natural Disaster -- Box 2.3 Catastrophe (CAT) Bonds -- Box 2.4 Information Prerequisites for Reinsurers to Provide Weather Reinsurance -- Box 3.1 Basic Principles for Efficient Catastrophe Insurance -- Box 3.2 Theories of Market Intervention -- Box 4.1 Caribbean Catastrophe Risk Insurance Facility -- Box 4.2 Data Quality Issues in Middle- and Low-Income Countries -- Box 4.3 Drought Risk Assessment Model in India -- Box 4.4 Central America Probability Risk Assessment -- Box 4.5 Parametric Insurance in Middle- and Low-Income Countries -- Box 4.6 Turkish Catastrophe Insurance Pool -- Box 4.7 Livestock Indemnity Insurance Pool in Mongolia -- Box 4.8 Innovative Sovereign Risk Transfer Mechanisms -- Box 4.9 World Bank Contingent Loan -- Box A5.1 Catastrophe Insurance Pools -- Box A5.2 Index-Based Agricultural Insurance -- Box A5.3 Main features of CCRIF -- Figures -- Figure 1.1 Direct Losses from Natural Disasters, Worldwide. Figure 1.2 Average Annual Direct Losses from Natural Disasters Compared to GDP -- Figure 2.1 Developed Insurance Market Structure -- Figure 2.2 Technical Catastrophe Insurance Premium Decomposition -- Figure 2.3 Non-life Insurance Penetration -- Figure 2.4 Direct Losses From Natural Disasters Covered by Insurance (Percentage) -- Figure 2.5 Economic Losses from Natural Disasters Covered by Donor Assistance (Percentage) -- Figure 2.6 Global Reinsurance Capital -- Figure 2.7 Global Property Catastrophe Excess of Loss Reinsurance Coverage, By Region -- Figure 2.8 Catastrophe Bonds: Annual Number of Transactions and Issue Volume -- Figure 2.9 Catastrophe Reinsurance: World on Line -- Figure 2.10 U.S. Reinsurance Rate on Line versus Loss on Line -- Figure 2.11 Catastrophe Reinsurance Multiple, U.S. Market -- Figure 2.12 Catastrophe Bond Pricing -- Figure 2.13 Catastrophe Bonds: Pricing of New Issues -- Figure 2.14 Pricing of Catastrophe Bonds and Comparable Corporate Bonds -- Figure 2.15 Comparison of Peak, Non-peak, Multiple, and Diversifying Peril Transactions -- Figure 3.1 Public-Private Partnership in Catastrophe Risk Financing -- Figure A3.1 Probabilistic Catastrophe Risk Model Modules -- Figure A3.2 Loss Exceedance Curve -- Figure A5.1 Catastrophe Risk Layering -- Figure A5.2 Timeliness of Financial Products -- Figure A5.3 CCRIF Risk Financing Structure 2007-08 -- Figure A6.1 Term-Sheet Features for a Weather-Based Crop Insurance Contract (Rainfall) -- Figure A8.1 Worldwide Insured Catastrophe Losses (2006 Monetary Units) -- Figure A8.2 Global Reinsurers-Net Premiums Written by Country, 2005 -- Figure A8.3 Reinsurance Premiums Ceded: U.S. Professional Reinsurers vs. Alien Reinsurers -- Figure A8.4 Premiums Ceded to Alien Reinsurers, by Jurisdiction, in 2005 -- Figure A8.5 U.S. Reinsurers: Leverage Ratios. Figure A8.6 Global Reinsurance Industry Combined Ratio, 1988-2006 -- Figure A8.7 Major Reinsurers' Combined Ratios for 2005 -- Figure A8.8 Structure of a Typical Sidecar -- Figure A8.9 Catastrophe Reinsurance: World Rate Online Index -- Figure A8.10 Reinsurance Pricing -- Figure A9.1 CAT Bond with Single-Purpose Reinsurer -- Figure A9.2 Catastrophe (Risk) Swap -- Figure A9.3 Non-Life CAT Bonds: New Issues -- Figure A9.4 CAT Bonds: Risk Capital Outstanding -- Figure A9.5 CAT Bond Issues by Trigger Type -- Figure A9.6 CAT Bond Transactions by Bond Tenor -- Figure A9.7 CAT Bond Issue Volume by Financial Rating -- Figure A9.8 CAT Bonds: New Issue Volume Purchased by Investor Type -- Figure A9.9 CAT Bond Premiums and Expected Loss -- Figure A9.10 Catastrophe Reinsurance Ratios of Rate on Line to Loss on Line -- Tables -- Table 1.1 Major Disasters in the Last 40 Years -- Table 2.1 Non-Life Premium Volume by Region (2006) -- Table 2.2 Non-Life Insurance Density and Penetration (2006) -- Table 2.3 Summary of Market Imperfections in Low- and Middle-Income Countries -- Table A1.1 World Bank List of Economies -- Table A2.1 List of Catastrophe Direct Losses -- Table A4.1 Property Catastrophe Insurance for Homeowners -- Table A4.2 Agricultural Insurance -- Table A4.3 Sovereign Catastrophe Risk Insurance -- Table A5.1 Government-Sponsored Catastrophe Insurance Programs -- Table A5.2 Catastrophe Program Design Variables -- Table A5.3 Advantages and Challenges of Index-Based Insurance -- Table A5.4 Mexico Catastrophe Bond Contract Features -- Table A7.1 Commercial Catastrophe Risk Models -- Table A8.1 U.S. Hurricanes-25 Largest Insured Property Losses (Billions of 2005 ) -- Table A8.2 Top 40 Global Reinsurance Groups -- Table A8.3 Dependence of U.S. Insurers on Alien Reinsurance -- Table A8.4 New Capital in Bermuda: The Classes of 1993, 2001, and 2005. Table A9.1 New Capital Raised Through Sidecars in 2006 ( Millions) -- Table A10.1 Risk Charge and Premium for Hypothetical Reinsurance Policy -- Table A10.2 Hypothetical Reinsurance Premiums. |
| Record Nr. | UNINA-9910824678403321 |
|
Cummins J. David
|
||
| Washington, D.C., : World Bank, c2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||