Asian Catastrophe Insurance

Financial / Capital Market

Asian Catastrophe Insurance

Edited by Charles Scawthorn · Kiyoshi Kobayashi
Risk Books April 2008

Specifications

ISBN-13
9781904339670
Publisher
Risk Books
Publication
April 2008
Format
Paperback
Jurisdiction
Asia ? Countri(es) for reference only

Details

Bringing together leading figures in innovative finance and recognised experts in natural hazards, this multi-contributor guide will help the Asian insurance and financial markets ensure that catastrophe risk is underwritten and managed effectively.

Catastrophes have had a more devastating impact on insurers over the past 15 years than in the entire history of insurance. Despite its rapidly developing economies and cutting-edge technological base, catastrophes particularly blight the Asian continent. Natural hazards such as earthquakes, floods, tsunamis, typhoons and volcanoes affect the whole region, from the simplest to the most complex infrastructures, and both the new engines of growth and the largest Asian economies. Consequently Asia, especially China, India and Japan, constitutes a major growing market for catastrophe insurance.

This comprehensive book presents a range of perspectives on natural hazards risk and alternative risk transfer (ART) from academia (such as Beijing, Kyoto and Cambridge universities), government (including the World Bank and Secretary of Agriculture and Cooperation, Government of India) and industry leaders (see table of contents for the list of contributors). 

Risk management in Asia requires a solid understanding of the potential for catastrophic events, the vulnerability of the human, built and economic environments to these events, and the potential for reducing impacts through integrated and properly financed programs. This book focuses on some of the most significant natural hazards such as a tsunami, floods and the natural hazard likely to have the world’s largest future financial impact, a Tokyo earthquake. With its breadth of in-depth, expert perspectives it will help you:

  • learn from recent catastrophes;
  • explore technological directions for enhanced modelling performance;
  • increase your integration with enterprise IT systems and identify opportunities for improved data management;
  • assess, underwrite and manage catastrophe risk more effectively.

Table of Contents

Foreword

Asia Catastrophes and Insurance

Charles Scawthorn, Professor, Kyoto University and Kiyoshi Kobayashi, Professor and Vice Dean, Graduate School of Management, Kyoto University

SECTION 1. ASIA - NATURAL HAZARDS AND INSURANCE INNOVATION

* Catastrophe Insurance: Challenges for the US and Asia

Howard Kunreuther

University of Pennsylvania

* Catastrophe Risk: Japanese Needs, Global Solutions

Charles Scawthorn

Kyoto University

* Liquidity Risks and Natural Hazards Insurance

Masamitsu Onishi, Muneta Yokomatsu, Kiyoshi Kobayashi

Kyoto University

* Earthquake Insurance on Dwelling Risks in Japan

Takuji Imai

Non-Life Insurance Rating Organization of Japan

* Natural Disaster Insurance: Issues and Strategy of China

Peijun Shi, Di Tang, Jing Liu, Bo Chen, Meiqin Zhou

Beijing Normal University; Academy of Disaster Reduction and Emergency Management

* Managing Natural Disasters in India: Some Recent Initiatives

Pramod K. Mishra

Ministry of Agriculture, New Delhi

 

SECTION 2: MODELLING ASIAN RISK

* Earthquake Property and Business Continuity Risk affecting Japanese Industries

Shinji Yamada; Kenneth A. Travers, Dennis Kuzak, Rick Clinton, Bob Healy, Mahmoud Khater, Kenneth W. Campbell

ABS Consulting; ABS Consulting and EQECAT

* Flood Risk in Japan: Status Quo and Management Policies

Hirokazu Tatano

Kyoto University

* Urban Conflagration Risk in Japan: Fires in the Case of the Great Hanshin Earthquake

Yoshiteru Murosaki

National Research Institute of Fire and Disaster

* Assessing Earthquake Risks and Exposure for Insurance Portfolios in Asia

Robin Spence; Emily So

Cambridge University, Willis Research Network; Cambridge

Architectural Research Ltd

* Tsunami Risk in Asia

Nobuo Shuto

Nihon University

* Risk Assessment for Crowd Dynamics

Junji Kiyono

Kyoto University

SECTION 3: TOWARDS THE FUTURE

* Innovating Technology for Catastrophe Risk Modelling and Reinsurance

Mark Byrne, Nozar G. Kishi and Andrew Rau-Chaplin

Flagstone Reinsurance

* A Global Perspective on Asian Catastrophe Risk. Case Study:China

David Lightfoot; Ryan Ogaard; James Nash

Guy Carpenter Instrat Asia Pacific, Guy Carpenter Instrat, Guy Carpenter Instrat Asia Pacific Japan Inc

* Governance of Global Critical Infrastructure Systems under Natural Disaster Risks

Norio Okada

Kyoto University

* OpenRisk: Access for the Insurance Industry

Keith Porter; Charles Scawthorn

University of Colorado, Kyoto University

* The Role of Government in Provision of Catastrophe Insurance

Eugene N. Gurenko

World Bank

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