Catastrophe Risk and Reinsurance

A Country Risk Management Perspective

Publication Date	February 2004
Publisher	Risk Books
Product Type	Book
Pages	322
ISBN Number	1904339204
Product Code	RIS00315

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Summary

Drawing on material from a recent World Bank conference, Eugene N. Gurenko assembles some of the foremost reinsurance and risk management experts from industry and academia. The chapters thoroughly explore subjects such as country risk assessment, risk modelling, risk transfer methods and national reinsurance.

Outlines the key challenges involved in building national catastrophe insurance schemes and suggests how disaster-prone countries can manage their exposures to reduce the cost of risk by following the classical corporate risk management model
Demonstrates the importance of public-private partnerships in catastrophe risk financing by suggesting the roles of government and private risk markets
In addition to risk financing, this title uniquely covers the role of risk reduction and prevention in disaster prone countries

Content

Foreword
- Cesare Callari
Introduction
- Eugene N. Gurenko
Section 1: The institutional perspective on national catastrophe risk management
- 1 "Building Effective Catastrophe Insurance Programmes at the Country Level: A Risk Management Perspective"
  - Eugene N. Gurenko
- 2 "Catastrophe Risk Retention and Catastrophe Pools"
  - Rodney Lester
Section 2: Catastrophe risk measurement
- 3 "Catastrophe Risk Models for Asia from a User Perspective"
  - George Walker
- 4 "The Application of Probabilistic Earthquake Risk Models in Managing Earthquake Insurance Risks in Turkey"
  - Dennis Kuzak, Ken Campbell and Mahmoud Khater
- 5 "Quantifying the Catastrophe Exposures from Cyclones, Earthquakes and Floods in 4 Indian States"
  - Adityam Krovvidi
Section 3: Risk reduction vs. risk Transfer: which strategy works best?
- 6 "The National Flood Insurance Programme: A Model for Risk Management"
  - Anthony S. Lowe
- 7 "Flood Risk - Optimising a National Insurance Programme"
  - Charles Scawthorn
- 8 "Integrating Mitigation with Risk Transfer Instruments"
  - Howard Kunreuther, George Deodatis, and Andrew Smyth
- 9 "Development Enhancing Risk Management"
  - Caroline Clarke and Neil A. Doherty
- 10 "New Approaches to Promote Disaster Risk Mitigation: Lessons learned in the Europe and Central Asia Region"
  - Christoph Pusch
Section 4: Public-private partnerships in catastrophe risk management
- 11 "Retrocession vs. Alternative Markets in Managing a Reinsurer's Accumulations"
  - Andrew Castaldi
- 12 "Florida Hurricane Catastrophe Fund: Lessons and Experience"
  - Jack E. Nicholson
- 13 "Insuring the Uninsurable : The French Natural Catastrophe Insurance System"
  - Suzanne Vallet
- 14 "A Reinsurer's Perspective on the Turkish Catastrophe Insurance Pool"
  - Johann-Adrian von Lucius
- 15 "Government as Reinsurer of Last Resort: The Japanese Experience"
  - Yuichi Takeda
- 16 "The Viability and Likely Pricing of "Cat Bonds" for Developing Countries"
  - Morton Lane
Section 5: Managing moral hazard and product distribution costs: key operational challenges
- 17 "Evidence of Market Response to Coverage Value in Some Major Catastrophe Insurance Programmes"
  - John Seo
- 18 "Self-Insurance Funds in Mexico"
  - Hector Ibarra
- 19 "Providing Access to Catastrophic Insurance Coverage for the Poor: Key Factors for Success"
  - Douglas Lacey
Nb - This Table of Contents Is Provisional until Final Publication of The Book. Small Changes to Chapter Titles and Sequence May Occur.