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Catastrophic risks and insurance

Author: Flore-Anne Messy; Organisation for Economic Co-operation and Development.
Publisher: Paris : Organisation for Economic Co-operation and Development, ©2005.
Series: Policy issues in insurance, no. 8.
Edition/Format:   eBook : Document : Conference publication : International government publication : EnglishView all editions and formats
Database:WorldCat
Summary:
Both the frequency of large-scale disasters -- be they man-made events or natural hazards -- and the severity of the losses involved have increased since the late 1980s. There are strong reasons to expect this trend to continue. Events such as the attacks of September 11, 2001 in the US or the devastating tsunami in the Indian Ocean on December 26, 2004 have raised awareness among OECD member governments that risks  Read more...
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Genre/Form: Electronic books
Conference proceedings
Congresses
Additional Physical Format: Print version:
Catastrophic risks and insurance.
Paris : Organisation for Economic Co-operation and Development, ©2005
(OCoLC)61353814
Material Type: Conference publication, Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Flore-Anne Messy; Organisation for Economic Co-operation and Development.
ISBN: 9264009957 9789264009950 9789264009943 9264009949
OCLC Number: 67161312
Notes: Selection of papers presented at an OECD conference in Paris, Nov. 22-23, 2004.
Description: 1 online resource (421 pages) : illustrations.
Contents: pt. 1. Insurability of catastrophic risks --
pt. 2. Financial markets solutions to manage catastrophic risks --
pt. 3. Role of government and public-private partnerships for catastrophic risks management.
Series Title: Policy issues in insurance, no. 8.
Responsibility: [prepared by Flore-Anne Messy and others].

Abstract:

Both the frequency of large-scale disasters -- be they man-made events or natural hazards -- and the severity of the losses involved have increased since the late 1980s. There are strong reasons to expect this trend to continue. Events such as the attacks of September 11, 2001 in the US or the devastating tsunami in the Indian Ocean on December 26, 2004 have raised awareness among OECD member governments that risks associated with large-scale disasters can inflict considerable damage to the vital systems and infrastructures upon which our societies and economies depend. They have also made clear that modern catastrophic risks involve financial challenges of unprecedented magnitude to policymakers and a wide range of private sector players, including insurance and reinsurance companies. Against this backdrop, the OECD organized a Conference on November 22-23, 2004 in Paris, to stimulate high level policy discussion on ways to handle the losses caused by large-scale catastrophes. This volume provides a selection of papers and reports presented at the conference.--Cover.

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