Innovation in Disaster Risk Financing for Developing Countries : Public and Private Contributions
This report aims to advance the dialogue on creative, forward-looking solutions for developing countries by presenting recent innovations on disaster risk financing and insurance developed by the private markets as well as the international donor c...
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| Language: | English en_US |
| Published: |
Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/06/24654947/innovation-disaster-risk-financing-developing-countries-public-private-contributions http://hdl.handle.net/10986/22119 |
| Summary: | This report aims to advance the dialogue
on creative, forward-looking solutions for developing
countries by presenting recent innovations on disaster risk
financing and insurance developed by the private markets as
well as the international donor community, from the macro
(government) level down to the micro (household) level. It
discusses how these innovations can be adapted and
implemented in developing countries to better protect
efficiently those countries against the financial
consequences of natural disasters. Section one provides an
introduction to the economic and fiscal impacts of natural
disasters on developing countries. Section two examines
examples of innovation in the private insurance and capital
markets that may have applications in sovereign disaster
risk financing for developing countries. Section three
examines how innovations coming out of mature property
catastrophe risk insurance (PCRI) markets could serve in low
and middle-income countries. Section four considers how
innovation is taking seed in creative disaster micro
insurance programs in low- and middle-income countries.
Section five wraps up the report with brief concluding remarks. |
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