'Catastrophe Risk Financing in Developing Countries' provides a
detailed analysis of the imperfections and inefficiencies that
impede the emergence of competitive catastrophe risk markets in
developing countries. The book demonstrates how donors and
international financial institutions can assist governments in
middle- and low-income countries in promoting effective and
affordable catastrophe risk financing solutions. The authors
present guiding principles on how and when governments, with
assistance from donors and international financial institutions,
should intervene in catastrophe insurance markets. They also
identify key activities to be undertaken by donors and institutions
that would allow middle- and low-income countries to develop
competitive and cost-effective catastrophe risk financing
strategies at both the macro (government) and micro (household)
levels. These principles and activities are expected to inform good
practices and ensure desirable results in catastrophe insurance
projects. 'Catastrophe Risk Financing in Developing Countries'
offers valuable advice and guidelines to policy makers and
insurance practitioners involved in the development of catastrophe
insurance programs in developing countries.
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