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Insurance against Losses from Natural Disasters in Developing Countries

Topic :

This paper examines the recent experience with insurance and other risk-financing instruments in developing countries in order to gain insights into their effectiveness in reducing economic insecurity. Insurance and other risk financing strategies are viewed as efforts to recover from negative income shocks through risk pooling and transfer. Specific examples of public-private insurance programs for households, business-firms, and governments are described, highlighting their limitations, especially in light of the post-Katrina experience in the United States. It examines arguments both in support of and in opposition to donor and public involvement in provision of subsidized insurance in developing countries.

  • Resource type
  • Author Joanne Linnerooth-Bayer and Reinhard Mechler
  • Organisation
  • Year of Publication2009
  • Region
  • LanguageEnglish
  • Number of pages37 pp.
  • Vol./issue number85

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