European Parliament Library

Insuring Public Finances Against Natural Disasters :, A Survey of Options and Recent Initiatives, David Hofman, Patricia Brukoff

Abstract
Natural disasters can put severe strain on public finances, in particular in developing and small countries. But catastrophe insurance markets increasingly offer opportunities for the transfer of such risks. Thus far, developing countries have only tepidly begun to tap these opportunities. More frequent and intensive use of insurance markets may be desirable because it could help introduce an important element of predictability in the post-disaster public finances of disaster-prone developing countries. Against this background, the paper surveys the various available insurance modalities and reviews recent initiatives in developing and emerging market countries. It also identifies some key challenges for the insurance community, donors, and international financial institutions (IFIs)
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. FISCAL PRESSURES AND INSURANCE: OVERVIEW""; ""III. MODALITIES OF INSURANCE""; ""IV. CHALLENGES AHEAD""; ""V. CONCLUDING REMARKS""; ""REFERENCES""
Language
eng
Literary Form
non fiction
Note
"August 2006"
Physical Description
1 online resource (24 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781283514996

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