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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.

English

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The Spanish Experience in the Management of Extraordinary Risks, Including Terrorism

In December 1954, the ‘Consorcio’ became the masterpiece in one of the oldest State backed systems dealing with Extraordinary Risk Cover, terms that in this system include perils of nature (flood, earthquake, volcanic eruption, storms) and socio-political risks, essentially terrorism. This chapter provides an overview of the Consorcio and its main reforms.

English

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