Publication Date:
2005-08-16
Description:
With new modeling techniques for estimating and pricing the risks of natural disasters, the donor community is now in a position to help the poor cope with the economic repercussions of disasters by assisting before they happen. Such assistance is possible with the advent of novel insurance instruments for transferring catastrophe risks to the global financial markets. Donor-supported risk-transfer programs not only would leverage limited disaster-aid budgets but also would free recipient countries from depending on the vagaries of postdisaster assistance. Both donors and recipients stand to gain, especially because the instruments can be closely coupled with preventive measures.〈br /〉〈span class="detail_caption"〉Notes: 〈/span〉Linnerooth-Bayer, Joanne -- Mechler, Reinhard -- Pflug, Georg -- New York, N.Y. -- Science. 2005 Aug 12;309(5737):1044-6.〈br /〉〈span class="detail_caption"〉Author address: 〈/span〉International Institute for Applied Systems Analysis, Laxenburg, Austria.〈br /〉〈span class="detail_caption"〉Record origin:〈/span〉 〈a href="http://www.ncbi.nlm.nih.gov/pubmed/16099976" target="_blank"〉PubMed〈/a〉
Keywords:
*Developed Countries
;
*Developing Countries
;
Disasters/*economics
;
Financing, Government
;
*Insurance
;
*International Cooperation
;
Models, Statistical
;
Program Development
;
Risk
;
*Risk Sharing, Financial
Print ISSN:
0036-8075
Electronic ISSN:
1095-9203
Topics:
Biology
,
Chemistry and Pharmacology
,
Computer Science
,
Medicine
,
Natural Sciences in General
,
Physics
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