We investigate the economic impact of stochastic endogenous extreme events and insurance in a growth model. Our … analytical results and computational experiments show that i) transparency of the insurance sector is the decisive requisite for … insurance fairly is preferable to an insurance industry which provides insurance with an overhead. …

.3%-0.4%. Mandatory insurance regimes in Europe absorb the negative short-run effect of a flood, while the National Flood Insurance … proposition that ex ante risk transfer policies are more efficient than ex post disaster relief. -- natural hazards ; growth … ; insurance ; dynamic panel GMM …

ex-ante preparedness is needed to manage the risks. The paper discusses sovereign experience with disaster insurance as a … use by vulnerable countries. The paper especially aims to inform policy decisions on disaster insurance. Through … key instrument to mitigate the risks; proposes ways to judge the adequacy of insurance; and considers ways to enhance its …

We investigate the effect of the 20 largest in terms of insured losses man-made or natural disasters on the insurance … industry. We show via an event study that insurance markets worldwide are quite resilient to unexpected losses to capital and …