OECD Journal: Financial Market Trends

Frequency
Annual
ISSN: 
1995-2872 (online)
ISSN: 
1995-2864 (print)
http://dx.doi.org/10.1787/19952872
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The articles in Financial Market Trends focus on trends, structural issues and developments in financial markets and the financial sector.

Article
 

Financial instruments for managing disaster risks related to climate change You do not have access to this content

English
 
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    http://oecd.metastore.ingenta.com/content/2715011ec002.pdf
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Author(s):
Leigh Wolfrom,
03 Feb 2016
Pages:
23
Bibliographic information
No.:
2,
Volume:
2015,
Issue:
1
Pages:
25–47
http://dx.doi.org/10.1787/fmt-2015-5jrqdkpxk5d5

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This article provides an overview of the potential implications of climate change for the financial management of disaster risks. It outlines the contribution of insurance to reducing the economic disruption of disaster events and policy approaches to supporting the penetration of disaster insurance coverage and the capacity of insurance markets to absorb disaster risks, including through the use of capital markets instruments and international co-operation in risk pooling. It concludes with a number of recommendations for improving the financial management of disaster risks in the context of climate change and some areas of further work.

JEL classification: G22, G23, H84, Q54
Keywords: Climate change, natural disasters, extreme events, insurance, reinsurance, catastrophe bonds

 
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