natural disasters are shared internationally to a generally very limited extent. This finding of home bias in disaster risk …-bearing poses a puzzle of international risk-sharing. We decompose international risk-sharing into the portion of losses insured and … the portion ofinsurance that is internationally re-insured. We find that the failure of international risk-sharing begins …

The study provides an assessment of the disaster risk financing mechanisms in the Philippines. It looks at the sources … of the current disaster risk finance and insurance mechanisms. Case studies are presented showcasing detailed analysis at … government has to improve its overall disaster risk financing and insurance (DRFI) program. DRFI has to be anchored on an …

-making. On the theory side, there is a growing use of game theory, Input-Output, computable general equilibrium models, and … agencies. It discusses fiscal pressures caused due to disasters and existing policies related to disaster-risk mitigation and …-economic impact of natural disasters and public investment for disaster-risk mitigation. …