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.



Terrorism Insurance

An Overview of the Private Market

This chapter provides an overview of the scope and evolution of the market and capacity for terrorism risk insurance before and after 9/11 events. It also examines the coverage currently available for this risk, the practical and theoretical advantages of such a private cover and its prospects.


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