John Pollner:Financial and Fiscal Instruments for Catastrophe Risk Management
(Loyer mensuel. Abonnement annuel) ISBN: 9780821395790
This report addresses the large flood exposures of Central Europe and proposes efficient financial and risk transfer mechanisms to mitigate fiscal losses from natural catastrophes. In par… Plus…
This report addresses the large flood exposures of Central Europe and proposes efficient financial and risk transfer mechanisms to mitigate fiscal losses from natural catastrophes. In particular, the Visegrad countries (V-4) of Central Europe, namely, Poland, the Czech Republic, Hungary, and the Slovak Republic, have such tremendous potential flood damages that reliance on budgetary appropriations or even European Union (EU) funds in such circumstances becomes ineffective and does not provide needed cash funds for the quick response and recovery needed to minimize economic disruptions. The report is primarily addressed to the governments of the region, which should build into their fiscal planning the necessary contingent funding mechanisms, based on their exposures. The report is addressed to finance ministries and also to the insurance and securities regulators and the private insurance and capital markets, which may all play a role in the proposed mechanisms. An arrangement using a multi-country pool with a hazard-triggered insurance payout mechanism complemented by contingent financing is proposed, to better manage these risks and avoid major fiscal volatility and disruption. Addressing Losses from Flood Hazards in Central Europe Insurance ACCESS TO CAPITAL - ACCESS TO LOANS - ALTERNATIVE FUNDING - AMORTIZATION - AMOUNT OF RISK - ASSET PORTFOLIO - ASSET VALUES - BASIS RISK - BENEFICIARY - BOND FINANCING - BOND FUND - BOND INSTRUMENT - BOND INSURANCE - BOND INVESTOR - BOND ISSUER - BOND RATING - BOND RETURN - BOND SPREAD - BOND SPREADS - BOND YIELD - BONDHOLDER - BONDHOLDERS - BROKER - CAPITAL MARKET - CAPITAL MARKETS - CAPITAL REQUIREMENTS - CASH FLOW - CATASTROPHE BOND - CATASTROPHE BONDS - CATASTROPHE COVERAGE - CATASTROPHE INSURANCE - CATASTROPHE REINSURANCE - CATASTROPHES - CATASTROPHIC EVENT - CATASTROPHIC EVENTS - CATASTROPHIC LOSS - CATASTROPHIC LOSSES - CATASTROPHIC RISKS - CENTRAL BANK - CENTRAL GOVERNMENTS - CLIMATE - CLIMATE CHANGE - COMMERCIAL BANKS - CONTINGENT DEBT - CONTRACT DESIGN - COUNTRY RISK - COUNTRY RISKS - COUPON - COUPON INTEREST RATE - COVERAGE - CRED - CREDIT GUARANTEES - CREDIT QUALITY - CREDIT RISK - CREDITORS - CROP LOSSES - CURRENCY - DAMAGE ASSESSMENTS - DEBT - DEBT FINANCING - DEBT INSTRUMENTS - DEBT LEVELS - DEBT SECURITY - DEFAULT RISK - DISASTER EVENT - DISASTER EVENTS - DISASTER FINANCING - DISASTER MANAGEMENT - DISASTER RECONSTRUCTION - DISASTER RESPONSE - DISASTER RISK - DROUGHTS - EARTHQUAKE - EARTHQUAKES - EPIDEMIOLOGY - EUROPEAN CENTRAL BANK - EXCHANGE RATES - EXPENDITURE - EXPENDITURES - EXPLOSION - EXTREME TEMPERATURES - FEASIBILITY - FINANCE MINISTRIES - FINANCIAL COMPENSATION - FINANCIAL CRISIS - FINANCIAL DEVELOPMENT - FINANCIAL INSTRUMENT - FINANCIAL INSTRUMENTS - FINANCIAL MANAGEMENT - FINANCIAL MARKET - FINANCIAL MARKETS - FINANCIAL MECHANISMS - FINANCIAL SECTOR - FINANCIAL SECTOR DEVELOPMENT - FINANCIAL STRUCTURE - FINANCING SOURCES - FIRE - FISCAL DEFICITS - FLOOD - FLOOD DAMAGES - FLOOD INSURANCE - FLOODING - FLOODS - GOVERNMENT ASSETS - GOVERNMENT BUDGET - GOVERNMENT EXPENDITURE - GOVERNMENT EXPENDITURES - GOVERNMENT REVENUE - GOVERNMENT REVENUES - GOVERNMENT SPENDING - GOVERNMENT SUPPORT - GRACE PERIOD - GROSS DOMESTIC PRODUCT - GUARANTEE FEE - HEAVY RAIN - HOUSING - HURRICANE - HURRICANES - IMPACT OF DISASTERS - INCOME - INCOME LEVEL - INCOME LEVELS - INDEBTEDNESS - INDEMNITY - INDEMNITY INSURANCE - INFORMATION SYSTEM - INFORMATION SYSTEMS - INFORMED DECISIONS - INSTRUMENT - INSURANCE - INSURANCE CONTRACT - INSURANCE COVERAGE - INSURANCE INDUSTRY - INSURANCE INSTRUMENTS - INSURANCE MARKET - INSURANCE MARKETS - INSURANCE MECHANISMS - INSURANCE PAYOUT - INSURANCE PENETRATION - INSURANCE POLICIES - INSURANCE PREMIUM - INSURANCE PREMIUMS - INSURANCE RESERVES - INSURANCE RISK - INSURANCE SECTOR - INSURED LOSSES - INSURER - INSURERS - INTEREST RATE - INTEREST RATE SPREAD - INTERNATIONAL BANK - INTERNATIONAL FINANCIAL STATISTICS - INVENTORY - INVESTING - ISSUANCE - LANDSLIDES - LEGAL PROVISIONS - LEVEL OF RISK - LIQUIDITY - LOAN - LOAN BALANCE - MARKET COMPETITION - MARKET INFORMATION - MARKET INSTRUMENT - MARKET INSTRUMENTS - MARKET PRICING - MATURITIES - MATURITY - MATURITY PERIOD - MINISTRIES OF FINANCE - NATURAL CATASTROPHES - NATURAL DISASTER - NATURAL DISASTERS - OUTPUT DECLINES - PORTFOLIO - PORTFOLIO DIVERSIFICATION - PORTFOLIOS - PREMIUM PAYMENT - PREMIUM PAYMENTS - PRINCIPAL REPAYMENT - PRIVATE COMMERCIAL BANKS - PRIVATE INSURANCE - PRIVATE PARTY - PRIVATE PROPERTY - PROBABILITY OF DEFAULT - PUBLIC BUDGETS - PUBLIC EXPENDITURES - PUBLIC FINANCE - PUBLIC SECTOR DEFICITS - PURCHASING POWER - RATE OF RETURN - REINSURANCE - REINSURANCE BROKER - REINSURANCE CONTRACTS - REINSURERS - REPAYMENTS - RESERVE - RESERVE FUNDS - RESERVES - RETURN - RETURNS - RISK ANALYSIS - RISK ASSESSMENT - RISK EXPOSURE - RISK EXPOSURES - RISK FACTORS - RISK INSURANCE - RISK MANAGEMENT - RISK MANAGEMENT TOOLS - RISK MANAGERS - RISK POOLING - RISK PREMIUM - RISK TRANSFER - SAVINGS - SCENARIOS - SECURITIES - SHORT-TERM LIQUIDITY - SOVEREIGN ENTITIES - STATISTICAL ANALYSIS - STORM - STORMS - SUBSIDIARIES - SUSTAINABILITY - SWAP - SWAPS - TRANSACTION - TROPICAL CYCLONE - TYPE OF DISASTER - UNDERWRITING - WEATHER DERIVATIVES - WEATHER EVENTS - WIND STORMS DE,GB,US,ES,IT,FR,MX English Business, World Bank<
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John Pollner:Financial and Fiscal Instruments for Catastrophe Risk Management
(Loyer mensuel. Abonnement annuel) ISBN: 9780821395790
Business Addressing Losses from Flood Hazards in Central Europe Insurance ACCESS TO CAPITAL - ACCESS TO LOANS - ALTERNATIVE FUNDING - AMORTIZATION - AMOUNT OF RISK - ASSET PORTFOLIO - AS… Plus…
Business Addressing Losses from Flood Hazards in Central Europe Insurance ACCESS TO CAPITAL - ACCESS TO LOANS - ALTERNATIVE FUNDING - AMORTIZATION - AMOUNT OF RISK - ASSET PORTFOLIO - ASSET VALUES - BASIS RISK - BENEFICIARY - BOND FINANCING - BOND FUND - BOND INSTRUMENT - BOND INSURANCE - BOND INVESTOR - BOND ISSUER - BOND RATING - BOND RETURN - BOND SPREAD - BOND SPREADS - BOND YIELD - BONDHOLDER - BONDHOLDERS - BROKER - CAPITAL MARKET - CAPITAL MARKETS - CAPITAL REQUIREMENTS - CASH FLOW - CATASTROPHE BOND - CATASTROPHE BONDS - CATASTROPHE COVERAGE - CATASTROPHE INSURANCE - CATASTROPHE REINSURANCE - CATASTROPHES - CATASTROPHIC EVENT - CATASTROPHIC EVENTS - CATASTROPHIC LOSS - CATASTROPHIC LOSSES - CATASTROPHIC RISKS - CENTRAL BANK - CENTRAL GOVERNMENTS - CLIMATE - CLIMATE CHANGE - COMMERCIAL BANKS - CONTINGENT DEBT - CONTRACT DESIGN - COUNTRY RISK - COUNTRY RISKS - COUPON - COUPON INTEREST RATE - COVERAGE - CRED - CREDIT GUARANTEES - CREDIT QUALITY - CREDIT RISK - CREDITORS - CROP LOSSES - CURRENCY - DAMAGE ASSESSMENTS - DEBT - DEBT FINANCING - DEBT INSTRUMENTS - DEBT LEVELS - DEBT SECURITY - DEFAULT RISK - DISASTER EVENT - DISASTER EVENTS - DISASTER FINANCING - DISASTER MANAGEMENT - DISASTER RECONSTRUCTION - DISASTER RESPONSE - DISASTER RISK - DROUGHTS - EARTHQUAKE - EARTHQUAKES - EPIDEMIOLOGY - EUROPEAN CENTRAL BANK - EXCHANGE RATES - EXPENDITURE - EXPENDITURES - EXPLOSION - EXTREME TEMPERATURES - FEASIBILITY - FINANCE MINISTRIES - FINANCIAL COMPENSATION - FINANCIAL CRISIS - FINANCIAL DEVELOPMENT - FINANCIAL INSTRUMENT - FINANCIAL INSTRUMENTS - FINANCIAL MANAGEMENT - FINANCIAL MARKET - FINANCIAL MARKETS - FINANCIAL MECHANISMS - FINANCIAL SECTOR - FINANCIAL SECTOR DEVELOPMENT - FINANCIAL STRUCTURE - FINANCING SOURCES - FIRE - FISCAL DEFICITS - FLOOD - FLOOD DAMAGES - FLOOD INSURANCE - FLOODING - FLOODS - GOVERNMENT ASSETS - GOVERNMENT BUDGET - GOVERNMENT EXPENDITURE - GOVERNMENT EXPENDITURES - GOVERNMENT REVENUE - GOVERNMENT REVENUES - GOVERNMENT SPENDING - GOVERNMENT SUPPORT - GRACE PERIOD - GROSS DOMESTIC PRODUCT - GUARANTEE FEE - HEAVY RAIN - HOUSING - HURRICANE - HURRICANES - IMPACT OF DISASTERS - INCOME - INCOME LEVEL - INCOME LEVELS - INDEBTEDNESS - INDEMNITY - INDEMNITY INSURANCE - INFORMATION SYSTEM - INFORMATION SYSTEMS - INFORMED DECISIONS - INSTRUMENT - INSURANCE - INSURANCE CONTRACT - INSURANCE COVERAGE - INSURANCE INDUSTRY - INSURANCE INSTRUMENTS - INSURANCE MARKET - INSURANCE MARKETS - INSURANCE MECHANISMS - INSURANCE PAYOUT - INSURANCE PENETRATION - INSURANCE POLICIES - INSURANCE PREMIUM - INSURANCE PREMIUMS - INSURANCE RESERVES - INSURANCE RISK - INSURANCE SECTOR - INSURED LOSSES - INSURER - INSURERS - INTEREST RATE - INTEREST RATE SPREAD - INTERNATIONAL BANK - INTERNATIONAL FINANCIAL STATISTICS - INVENTORY - INVESTING - ISSUANCE - LANDSLIDES - LEGAL PROVISIONS - LEVEL OF RISK - LIQUIDITY - LOAN - LOAN BALANCE - MARKET COMPETITION - MARKET INFORMATION - MARKET INSTRUMENT - MARKET INSTRUMENTS - MARKET PRICING - MATURITIES - MATURITY - MATURITY PERIOD - MINISTRIES OF FINANCE - NATURAL CATASTROPHES - NATURAL DISASTER - NATURAL DISASTERS - OUTPUT DECLINES - PORTFOLIO - PORTFOLIO DIVERSIFICATION - PORTFOLIOS - PREMIUM PAYMENT - PREMIUM PAYMENTS - PRINCIPAL REPAYMENT - PRIVATE COMMERCIAL BANKS - PRIVATE INSURANCE - PRIVATE PARTY - PRIVATE PROPERTY - PROBABILITY OF DEFAULT - PUBLIC BUDGETS - PUBLIC EXPENDITURES - PUBLIC FINANCE - PUBLIC SECTOR DEFICITS - PURCHASING POWER - RATE OF RETURN - REINSURANCE - REINSURANCE BROKER - REINSURANCE CONTRACTS - REINSURERS - REPAYMENTS - RESERVE - RESERVE FUNDS - RESERVES - RETURN - RETURNS - RISK ANALYSIS - RISK ASSESSMENT - RISK EXPOSURE - RISK EXPOSURES - RISK FACTORS - RISK INSURANCE - RISK MANAGEMENT - RISK MANAGEMENT TOOLS - RISK MANAGERS - RISK POOLING - RISK PREMIUM - RISK TRANSFER - SAVINGS - SCENARIOS - SECURITIES - SHORT-TERM LIQUIDITY - SOVEREIGN ENTITIES - STATISTICAL ANALYSIS - STORM - STORMS - SUBSIDIARIES - SUSTAINABILITY - SWAP - SWAPS - TRANSACTION - TROPICAL CYCLONE - TYPE OF DISASTER - UNDERWRITING - WEATHER DERIVATIVES - WEATHER EVENTS - WIND STORMS DE,GB,US English, World Bank<
(*) Livre non disponible signifie que le livre est actuellement pas disponible à l'une des plates-formes associées nous recherche.
John Pollner:Financial and Fiscal Instruments for Catastrophe Risk Management
(Loyer mensuel. Abonnement annuel) ISBN: 9780821395790
Insurance ACCESS TO CAPITAL - ACCESS TO LOANS - ALTERNATIVE FUNDING - AMORTIZATION - AMOUNT OF RISK - ASSET PORTFOLIO - ASSET VALUES - BASIS RISK - BENEFICIARY - BOND FINANCING - BOND FUN… Plus…
Insurance ACCESS TO CAPITAL - ACCESS TO LOANS - ALTERNATIVE FUNDING - AMORTIZATION - AMOUNT OF RISK - ASSET PORTFOLIO - ASSET VALUES - BASIS RISK - BENEFICIARY - BOND FINANCING - BOND FUND - BOND INSTRUMENT - BOND INSURANCE - BOND INVESTOR - BOND ISSUER - BOND RATING - BOND RETURN - BOND SPREAD - BOND SPREADS - BOND YIELD - BONDHOLDER - BONDHOLDERS - BROKER - CAPITAL MARKET - CAPITAL MARKETS - CAPITAL REQUIREMENTS - CASH FLOW - CATASTROPHE BOND - CATASTROPHE BONDS - CATASTROPHE COVERAGE - CATASTROPHE INSURANCE - CATASTROPHE REINSURANCE - CATASTROPHES - CATASTROPHIC EVENT - CATASTROPHIC EVENTS - CATASTROPHIC LOSS - CATASTROPHIC LOSSES - CATASTROPHIC RISKS - CENTRAL BANK - CENTRAL GOVERNMENTS - CLIMATE - CLIMATE CHANGE - COMMERCIAL BANKS - CONTINGENT DEBT - CONTRACT DESIGN - COUNTRY RISK - COUNTRY RISKS - COUPON - COUPON INTEREST RATE - COVERAGE - CRED - CREDIT GUARANTEES - CREDIT QUALITY - CREDIT RISK - CREDITORS - CROP LOSSES - CURRENCY - DAMAGE ASSESSMENTS - DEBT - DEBT FINANCING - DEBT INSTRUMENTS - DEBT LEVELS - DEBT SECURITY - DEFAULT RISK - DISASTER EVENT - DISASTER EVENTS - DISASTER FINANCING - DISASTER MANAGEMENT - DISASTER RECONSTRUCTION - DISASTER RESPONSE - DISASTER RISK - DROUGHTS - EARTHQUAKE - EARTHQUAKES - EPIDEMIOLOGY - EUROPEAN CENTRAL BANK - EXCHANGE RATES - EXPENDITURE - EXPENDITURES - EXPLOSION - EXTREME TEMPERATURES - FEASIBILITY - FINANCE MINISTRIES - FINANCIAL COMPENSATION - FINANCIAL CRISIS - FINANCIAL DEVELOPMENT - FINANCIAL INSTRUMENT - FINANCIAL INSTRUMENTS - FINANCIAL MANAGEMENT - FINANCIAL MARKET - FINANCIAL MARKETS - FINANCIAL MECHANISMS - FINANCIAL SECTOR - FINANCIAL SECTOR DEVELOPMENT - FINANCIAL STRUCTURE - FINANCING SOURCES - FIRE - FISCAL DEFICITS - FLOOD - FLOOD DAMAGES - FLOOD INSURANCE - FLOODING - FLOODS - GOVERNMENT ASSETS - GOVERNMENT BUDGET - GOVERNMENT EXPENDITURE - GOVERNMENT EXPENDITURES - GOVERNMENT REVENUE - GOVERNMENT REVENUES - GOVERNMENT SPENDING - GOVERNMENT SUPPORT - GRACE PERIOD - GROSS DOMESTIC PRODUCT - GUARANTEE FEE - HEAVY RAIN - HOUSING - HURRICANE - HURRICANES - IMPACT OF DISASTERS - INCOME - INCOME LEVEL - INCOME LEVELS - INDEBTEDNESS - INDEMNITY - INDEMNITY INSURANCE - INFORMATION SYSTEM - INFORMATION SYSTEMS - INFORMED DECISIONS - INSTRUMENT - INSURANCE - INSURANCE CONTRACT - INSURANCE COVERAGE - INSURANCE INDUSTRY - INSURANCE INSTRUMENTS - INSURANCE MARKET - INSURANCE MARKETS - INSURANCE MECHANISMS - INSURANCE PAYOUT - INSURANCE PENETRATION - INSURANCE POLICIES - INSURANCE PREMIUM - INSURANCE PREMIUMS - INSURANCE RESERVES - INSURANCE RISK - INSURANCE SECTOR - INSURED LOSSES - INSURER - INSURERS - INTEREST RATE - INTEREST RATE SPREAD - INTERNATIONAL BANK - INTERNATIONAL FINANCIAL STATISTICS - INVENTORY - INVESTING - ISSUANCE - LANDSLIDES - LEGAL PROVISIONS - LEVEL OF RISK - LIQUIDITY - LOAN - LOAN BALANCE - MARKET COMPETITION - MARKET INFORMATION - MARKET INSTRUMENT - MARKET INSTRUMENTS - MARKET PRICING - MATURITIES - MATURITY - MATURITY PERIOD - MINISTRIES OF FINANCE - NATURAL CATASTROPHES - NATURAL DISASTER - NATURAL DISASTERS - OUTPUT DECLINES - PORTFOLIO - PORTFOLIO DIVERSIFICATION - PORTFOLIOS - PREMIUM PAYMENT - PREMIUM PAYMENTS - PRINCIPAL REPAYMENT - PRIVATE COMMERCIAL BANKS - PRIVATE INSURANCE - PRIVATE PARTY - PRIVATE PROPERTY - PROBABILITY OF DEFAULT - PUBLIC BUDGETS - PUBLIC EXPENDITURES - PUBLIC FINANCE - PUBLIC SECTOR DEFICITS - PURCHASING POWER - RATE OF RETURN - REINSURANCE - REINSURANCE BROKER - REINSURANCE CONTRACTS - REINSURERS - REPAYMENTS - RESERVE - RESERVE FUNDS - RESERVES - RETURN - RETURNS - RISK ANALYSIS - RISK ASSESSMENT - RISK EXPOSURE - RISK EXPOSURES - RISK FACTORS - RISK INSURANCE - RISK MANAGEMENT - RISK MANAGEMENT TOOLS - RISK MANAGERS - RISK POOLING - RISK PREMIUM - RISK TRANSFER - SAVINGS - SCENARIOS - SECURITIES - SHORT-TERM LIQUIDITY - SOVEREIGN ENTITIES - STATISTICAL ANALYSIS - STORM - STORMS - SUBSIDIARIES - SUSTAINABILITY - SWAP - SWAPS - TRANSACTION - TROPICAL CYCLONE - TYPE OF DISASTER - UNDERWRITING - WEATHER DERIVATIVES - WEATHER EVENTS - WIND STORMS , UK,GB,DE,ES,FR,IT,US,CA,MX,AU,NZ 20120705 English Business, World Bank<
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John Pollner:Financial and Fiscal Instruments for Catastrophe Risk Management : Addressing the Losses from Flood Hazards in Central Europe by John Pollner
- livre d'occasion 2010, ISBN: 9780821395790
This applied study addresses the large flood exposures of Central Europe and proposes efficient financial and risk transfer mechanisms to mitigate fiscal losses from such natural catastro… Plus…
This applied study addresses the large flood exposures of Central Europe and proposes efficient financial and risk transfer mechanisms to mitigate fiscal losses from such natural catastrophes. In 2010 the V-4 Visegrad countries (i.e., Poland, Czech Republic, Hungary and Slovakia) demonstrated their historical vulnerability to floods Poland suffered $3.2 billion in flood related losses, comparable to it $3.5 billion of losses in 1997. Flood modeling analysis of the V-4 shows that a disaster event with a 5 percent probability in any given year can lead to economic losses in these countries of between 0.6 percent to 1.9 percent of GDP, as well as between 2.2 percent to 10.7 percent of government revenues. Larger events could quadruple such losses. The European Union Solidarity Fund is available as a mechanism for disasters but it comes into effect at only very high levels of losses, does not provide sufficient funding, and is not speedy. An insurance-like mechanism for National Governments can be tailored for country-portfolio needs for buildings, properties and critical infrastructure. By virtue of the broad territorial scope, fiscal support should use mechanisms that provide payments triggered by physical flood measurements in selected areas (rather than site-by-site losses as in the traditional insurance industry). A multi-country mechanism for insurance pooling of risks to protect infrastructure can also provide major cost efficiencies for all governments, using parametric-or index contracts. Savings from pooling can range from 25 to 33 percent of the financing costs that each country would otherwise have paid on its own. There are several instruments and options for both insurance, and debt financed mechanisms for funding catastrophes. All instruments can be analyzed based on equivalencies in terms of market spreads. A hybrid-like instrument, the catastrophe bond, is really a risk transfer instrument but structured as a debt security. The V-4 countries should therefore begin to set up the financial mechanisms to prevent major fiscal losses from future catastrophic floods and avoid fiscal disruptions when these occur. The instruments proposed can be market tested and supplemented with exacting studies on hydrology and topography used to fine tune the loss estimations per event and where property and infrastructure are exposed. Media >, [PU: World Bank]<
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John Pollner:Financial and Fiscal Instruments for Catastrophe Risk Management
- Livres de poche 2012, ISBN: 9780821395790
Addressing the Losses from Flood Hazards in Central Europe, Buch, Softcover, [PU: World Bank Publications], World Bank Publications, 2012
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