000012362 001__ 12362
000012362 005__ 20141205160046.0
000012362 04107 $$aeng
000012362 046__ $$k2008-10-12
000012362 100__ $$aZolfaghari, Mohammad R.
000012362 24500 $$aCatastrophe Risk Modelling and Insurance Penetration in Developing Countries

000012362 24630 $$n14.$$pProceedings of the 14th World Conference on Earthquake Engineering
000012362 260__ $$b
000012362 506__ $$arestricted
000012362 520__ $$2eng$$aThe highest economic losses caused by natural catastrophes usually burden developed countries, as they have much more assets exposed to natural hazards, despite being less vulnerable. For example, events such as Kobe earthquake (1995) and Hurricane Katrina (2005) with economic losses of over $100 billion each, are known as biggest economic disasters in history. However, the adverse effects of natural hazards on the developing countries are far more destructive given their small-sized economy and the lack of proper risk management framework. Due to lack of proper catastrophe risk management strategies in the developing countries, sourcing the necessary financial funds for reconstruction and rehabilitation remains as the government’s responsibility, resulting in great pressure on the country’s economic structure. If governments are to pay for these losses, they have to either divert funds already assigned to other development projects or request help from international donors. This article tries to open discussion on how natural catastrophe loss modelling can help natural catastrophe risks in developing countries to be absorbed in the wider market, with resulting financial benefits to households, local industries, governments, domestic insurers and international reinsurers.

000012362 540__ $$aText je chráněný podle autorského zákona č. 121/2000 Sb.
000012362 653__ $$aCatastrophe loss modelling, developing countries, seismic risk,

000012362 7112_ $$a14th World Conference on Earthquake Engineering$$cBejing (CN)$$d2008-10-12 / 2008-10-17$$gWCEE15
000012362 720__ $$aZolfaghari, Mohammad R.
000012362 8560_ $$ffischerc@itam.cas.cz
000012362 8564_ $$s314301$$uhttps://invenio.itam.cas.cz/record/12362/files/S01-01-006.pdf$$yOriginal version of the author's contribution as presented on CD, Paper ID: S01-01-006.
000012362 962__ $$r9324
000012362 980__ $$aPAPER