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Posted by
Cathy Ansell, 20 May 2021
Over the last decade, the World Bank’s Disaster Risk Finance and Insurance Program (DRFIP) has worked with low- and middle-income countries to build their financial resilience to disasters which contributes to the World Bank’s twin goals of poverty reduction and shared prosperity. To help a country become more financially resilient to the risks it faces, we first consider what the risks are, how likely they are to materialize, and what social and economic losses they would cause. We can answer... Keep reading
Posted by
Cathy Ansell, 02 July 2020
Several recent articles have discussed how losses from hurricanes in the United States may be exacerbated by COVID-19 . Many of the articles are written from the perspective of insurers and reinsurers; here, though, we consider the negative impact of such losses on the insured in the context of parametric insurance schemes, which several developing countries have implemented within their risk-financing strategies for disaster response. 1. CONTEXT ALWAYS MATTERS FOR CATASTROPHE LOSSES. The same... Keep reading