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Improving disaster risk management according to development projects

Kwak, Chang-Jae; Kim, Jung-Soo - In: Risks : open access journal 9 (2021) 11, pp. 1-17

Since the 1990s, efforts have been made to reduce the damage caused by natural disasters, among which the Disaster … established as an important model for Korea's disaster risk reduction activities. …

Persistent link: https://www.econbiz.de/10012703963

Climate change-related disaster risk mitigation through innovative insurance mechanism : a system dynamics model application for a case study in Latvia

Feofilovs, Maksims; Pagano, Andrea Jonathan; Vannucci, … - In: Risks : open access journal 12 (2024) 3, pp. 1-23

mechanisms by studying the feedback loops governing complex systems connected to the disaster insurance mechanism. Instead of … addressing the disaster's underlying risk, the traditional disaster insurance strategy largely focuses on providing financial … security for asset recovery after a disaster. This constraint becomes especially concerning as the threat of climate …

Persistent link: https://www.econbiz.de/10014497445

Using school systems as a hub for risk and disaster management : a case study of Greece

Kalogiannidis, Stavros; Toska, Ermelinda; … - In: Risks : open access journal 10 (2022) 5, pp. 1-18

community resilience to disaster consequences. Development practitioners, planners, and researchers must find novel techniques … minimize disaster risk in communities. People’s standards, beliefs, and behaviors are greatly influenced by societal … study confirmed that the school curriculum has a positive and significant relationship with disaster risk management. Many …

Persistent link: https://www.econbiz.de/10013359125

Measuring systemic governmental reinsurance risks of extreme risk events

Hadad, Elroi; Shusi, Tomer; Yosef, Rami - In: Risks : open access journal 11 (2023) 3, pp. 1-14

This study presents an easy-to-handle approach to measuring the severity of reinsurance that faces a system of dependent claims, where the reinsurance contracts are of excess loss or proportional loss. The proposed approach is a natural generalization of common reinsurance methodologies...

Persistent link: https://www.econbiz.de/10014246287

Decomposition of natural catastrophe risks : insurability using parametric CAT bonds

Marvi, Morteza Tavanaie; Linders, Daniël - In: Risks : open access journal 9 (2021) 12, pp. 1-19

Nat Cat risks are not insurable by traditional insurance mainly because of producing highly correlated losses. The source of such correlation among buildings of a region subject to a natural hazard is discussed. A decomposition method is proposed to split Nat Cat risk into idiosyncratic (and...

Persistent link: https://www.econbiz.de/10012705095

Bank risk determinants in Latin America

Martínez-Malvar, Mariña; Baselga-Pascual, Laura - In: Risks : open access journal 8 (2020) 3/94, pp. 1-21

Systemic Banking crises are a recurrent phenomenon that affects society, and there is a need for a better understanding of the risk factors to support prudential regulation and reduce unnecessary risk intake in the financial system. This paper examines the main bank risk determinants in Latin...

Persistent link: https://www.econbiz.de/10012293308

Catastrophe insurance modeled by shot-noise processes

Schmidt, Thorsten - In: Risks : open access journal 2 (2014) 1, pp. 3-24

Shot-noise processes generalize compound Poisson processes in the following way: a jump (the shot) is followed by a decline (noise). This constitutes a useful model for insurance claims in many circumstances; claims due to natural disasters or self-exciting processes exhibit similar features. We...

Persistent link: https://www.econbiz.de/10010338102

Parametric insurance : a possible and necessary solution to insure the earthquake risk of Romania

Radu, Nicoleta; Alexandru, Felicia - In: Risks : open access journal 10 (2022) 3, pp. 1-16

The rapid growth over recent decades of the impact of natural disasters on economies, especially in vulnerable areas, urges stakeholders to promote innovative solutions involving risk transfers that account for the new risk exposures. These proposed solutions are designed to optimize and...

Persistent link: https://www.econbiz.de/10013161504

Sensitivity of performance indexes to disaster risk

Hodoshima, Jiro; Yamawake, Toshiyuki - In: Risks : open access journal 9 (2021) 2/40, pp. 1-22

We examine how sensitive the new performance indexes incorporating high moments and disaster risk are to disaster risk …. The new performance indexes incorporating high moments and disaster risk are the Aumann-Serrano performance index and … underlying risk. We show, by numerical examples and empirical examples, how sensitive these indexes are to disaster risk …

Persistent link: https://www.econbiz.de/10012483189

Examining the effects of gradual catastrophes on capital modelling and the solvency of insurers: the case of COVID-19

Tamturk, Muhsin; Cortis, Dominic; Farrell, Mark - In: Risks : open access journal 8 (2020) 4/132, pp. 1-13

This paper models the gradual elements of catastrophic events on non-life insurance capital with a particular focus on the impact of pandemics, such as COVID-19. A combination of actuarial and epidemiological models are handled by the Markovian probabilistic approach, with Feynman's path...

Persistent link: https://www.econbiz.de/10012391664

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