Unlike the poor in many developing countries, those in Central and Eastern Europe, and the former Soviet Union, are highly connected to network utilities. During the early 1990s, it became clear that without subsidies, many households would have difficulty paying their utility bills. Governments...

The purpose of this paper is to provide a conceptual framework, along with concrete illustrations, that will aid the UNFCCC process in incorporating market-based insurance mechanisms in the arsenal of proposed global climate adaptation tools. A key objective is to define the role insurance can...

Gurenko and Lester provide a conceptual framework for designing a comprehensive risk management strategy for rapid onset natural disasters at the country level, with a particular emphasis on the role of catastrophe loss funding. The authors discuss the key policy and technical issues involved in...

The persistent potential for large scale natural disasters has become a real concern for the Turkish government since the late 1990s, which ultimately led to the establishment of the Turkish Catastrophe Insurance Pool (TCIP). Among the main rationale of the creation of the TCIP were a grave...

This paper compares solvency capital requirements under Solvency I and Solvency II for a sample mid-size insurance portfolio. According to the results of a study, changing the solvency capital regime from Solvency I to Solvency II will lead to a substantial additional solvency capital...

Despite the existence of numerous quantitative approaches to the categorization of financial reinsurance contracts, often insurance regulators may find the practical implementation of the task to be technically challenging. This research paper develops a simple, affordable, and robust regulatory...

Despite the existence of numerous quantitative approaches to the categorization of financial reinsurance contracts, insurance regulators may often find the practical implementation of the task to be technically challenging. This paper develops a simple, affordable and robust regulatory method...

This publication, Earthquake insurance in Turkey, is an exposition of the dangers faced by Turkey as it is located in one of the most active earthquake (EQ) and volcanic regions in the world on the one hand, and, on the other hand, the efforts that Turkey is making to alleviate the social and...

The authors provide a conceptual framework for designing a comprehensive risk management strategy for rapid onset natural disasters at the country level, with a particular emphasis on the role of catastrophe loss funding. The authors discuss the key policy and technical issues involved in...