The United Nations Sendai (2015) framework aims to reduce disaster risk. We offer a careful definition and computation … of the individual and property risk targets. Selecting the largest and better studied class of “natural disasters” over … the period 1970-2018, we show that individual risk is “likely” falling, that property risk is neither rising nor falling …

disaster-prone areas of the world, it has the lowest levels of insurance coverage. This paper examines the vulnerability of … vulnerability. The paper finds that catastrophic risk insurance significantly improves Belize's debt sustainability. In addition …

addressing the disaster's underlying risk, the traditional disaster insurance strategy largely focuses on providing financial … significance of effective disaster risk reduction strategies applied within the innovative insurance mechanism in lowering overall … help insurance firms, policy planners, and disaster risk managers make decisions that will benefit local communities and …

gives an economic analysis of the institutional arrangements on the market for natural disaster insurances focusing on … market for natural disaster insurances, in the way that it acts as an obstacle for the proper diffusion and therefore the …

natural disasters are shared internationally to a generally very limited extent. This finding of home bias in disaster risk … international sharing of disaster risk. For advanced economies, a lack of international risk-sharing is correlated with a lack of … room to manoeuvre to do so. At high levels of public debt, a lack of ex ante insurance can turn disaster risk into …

in disaster preparedness have recently attracted renewed attention. We examine how non-hypothetical self …-insurance behavior by households responds to variations in public investments in relief capabilities based on a large disaster …

between catastrophe risk and the implied volatility smile of insurance stock options. We find that the slope is significantly …, suggesting a higher risk compensation for catastrophic events. We are able to link the insurance-specific tail risk component … derived from options with the risk spread from catastrophe bonds. Our results provide an accurate, high-frequency calculation …

Index triggers have enabled the extension of insurance to disaster risks by providing a simple mechanism to determine … insurance payment. Disaster risks are notoriously difficult to insure against due to the covariant nature of risks, moral hazard … and adverse selection. Index based risk transfer minimizes these obstacles by not fully insuring the risk. However, such …