Catastrophe Risk and Reinsurance

Foreword

Cesare Callari

Introduction

Eugene N. Gurenko

Section 1: The institutional perspective on national catastrophe risk management

1 “Building Effective Catastrophe Insurance Programmes at the Country Level: A Risk Management Perspective“

Eugene N. Gurenko

2 “Catastrophe Risk Retention and Catastrophe Pools“

Rodney Lester

Section 2: Catastrophe risk measurement

3 “Catastrophe Risk Models for Asia from a User Perspective“

George Walker

4 “The Application of Probabilistic Earthquake Risk Models in Managing Earthquake Insurance Risks in Turkey“

Dennis Kuzak, Ken Campbell and Mahmoud Khater

5 “Quantifying the Catastrophe Exposures from Cyclones, Earthquakes and Floods in 4 Indian States“

Adityam Krovvidi

Section 3: Risk reduction vs. risk Transfer: which strategy works best?

6 “The National Flood Insurance Programme: A Model for Risk Management“

Anthony S. Lowe

7 “Flood Risk - Optimising a National Insurance Programme“

Charles Scawthorn

8 “Integrating Mitigation with Risk Transfer Instruments“

Howard Kunreuther, George Deodatis, and Andrew Smyth

9 “Development Enhancing Risk Management“

Caroline Clarke and Neil A. Doherty

10 “New Approaches to Promote Disaster Risk Mitigation: Lessons learned in the Europe and Central Asia Region“

Christoph Pusch

Section 4: Public-private partnerships in catastrophe risk management

11 “Retrocession vs. Alternative Markets in Managing a Reinsurer’s Accumulations“

Andrew Castaldi

12 “Florida Hurricane Catastrophe Fund: Lessons and Experience“

Jack E. Nicholson

13 “Insuring the Uninsurable : The French Natural Catastrophe Insurance System“

Suzanne Vallet

14 “A Reinsurer’s Perspective on the Turkish Catastrophe Insurance Pool“

Johann-Adrian von Lucius

15 “Government as Reinsurer of Last Resort: The Japanese Experience“

Yuichi Takeda

16 “The Viability and Likely Pricing of “Cat Bonds“ for Developing Countries“

Morton Lane

Section 5: Managing moral hazard and product distribution costs: key operational challenges

17 “Evidence of Market Response to Coverage Value in Some Major Catastrophe Insurance Programmes“

John Seo

18 “Self-Insurance Funds in Mexico“

Hector Ibarra

19 “Providing Access to Catastrophic Insurance Coverage for the Poor: Key Factors for Success“

Douglas Lacey