Catastrophic Risks and Insurance

image of Catastrophic Risks and Insurance

These proceedings, based on a conference held in November 2004 at OECD in Paris, present leading academic analysis as well as government and private sector information and experience-sharing on how governments and the financial and insurance sectors can deal with losses caused by terrorism, atmosperic perils, and other large-scale risks.



Comparative Analysis of Large Scale Catastrophe Compensation Schemes

This chapter first compares the large-scale compensation scheme of sixteen OECD countries. The role of the private market and governments in coping with the catastrophe losses is then described. Three groupings of the varied government programs are made based on whether the government primarily acts as insurer, reinsurer or underwriter of catastrophe risk.


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