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Insuring public finances against natural disasters : a survey of options and recent initiatives

Author: David Hofman; Patricia Brukoff; International Monetary Fund. Policy Development and Review Department.
Publisher: [Washington, D.C.] : International Monetary Fund, Policy Development and Review Dept., 2006.
Series: IMF working paper, WP/06/199.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Database:WorldCat
Summary:
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  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Hofman, David (David J.V.).
Insuring public finances against natural disasters.
[Washington, D.C.] : International Monetary Fund, ©2006
(OCoLC)163612811
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: David Hofman; Patricia Brukoff; International Monetary Fund. Policy Development and Review Department.
ISBN: 1283514990 9781283514996 9781451992151 1451992157
OCLC Number: 694141194
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (22 pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: IMF working paper, WP/06/199.
Responsibility: David Hofman and 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).

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