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Rapid onset natural disasters : The role of financing in effective risk management

Author

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  • Gurenko, Eugene
  • Lester, Rodney

Abstract

The authors provide a conceptual framework for designing a comprehensive risk management strategy for rapid onset natural disasters at the country level, with a particular emphasis on the role of catastrophe loss funding. The authors discuss the key policy and technical issues involved in building financially sustainable catastrophe risk transfer and funding programs in disaster prone countries and their links to risk mitigation. They also deal with the cognitive and political economy issues that are likely to arise and ways to accommodate them.

Suggested Citation

  • Gurenko, Eugene & Lester, Rodney, 2004. "Rapid onset natural disasters : The role of financing in effective risk management," Policy Research Working Paper Series 3278, The World Bank.
    • Handle: RePEc:wbk:wbrwps:3278
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    Citations

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    Cited by:

    1. Ghesquiere,Francis & Mahul,Olivier, 2010. "Financial protection of the state against natural disasters : a primer," Policy Research Working Paper Series 5429, The World Bank.
    2. Ghesquiere, Francis & Mahul, Olivier, 2007. "Sovereign natural disaster insurance for developing countries : a paradigm shift in catastrophe risk financing," Policy Research Working Paper Series 4345, The World Bank.
    3. Haitao Yin, 2013. "Insurance Approach for Financing Extreme Climate Event Losses in China: A Status Analysis," EEPSEA Research Report rr2013035, Economy and Environment Program for Southeast Asia (EEPSEA), revised Mar 2013.
    4. World Bank, 2005. "Managing Food Price Risks and Instability in an Environment of Market Liberalization," World Bank Publications - Reports 8264, The World Bank Group.
    5. Mahul, Olivier & Gurenko, Eugene, 2006. "The macro financing of natural hazards in developing countries," Policy Research Working Paper Series 4075, The World Bank.
    6. Ireneusz Laks & Zbigniew Walczak, 2020. "Efficiency of Polder Modernization for Flood Protection. Case Study of Golina Polder (Poland)," Sustainability, MDPI, vol. 12(19), pages 1-27, September.
    7. Alderman, Harold & Haque, Trina, 2006. "Countercyclical safety nets for the poor and vulnerable," Food Policy, Elsevier, vol. 31(4), pages 372-383, August.
    8. Eugene Gurenko & Rodney Lester & Olivier Mahul & Serap Oguz Gonulal, 2006. "Earthquake Insurance in Turkey : History of the Turkish Catastrophe Insurance Pool," World Bank Publications - Books, The World Bank Group, number 7142.
    9. HoWook Shin & Seung-Hyun Lee, 2019. "Firm resource stock, resource complementarity, and the heterogeneity in resource value," Asia Pacific Journal of Management, Springer, vol. 36(3), pages 661-686, September.
    10. Margaret Grosh & Carlo del Ninno & Emil Tesliuc & Azedine Ouerghi, 2008. "For Protection and Promotion : The Design and Implementation of Effective Safety Nets," World Bank Publications - Books, The World Bank Group, number 6582.

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