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WBI Courses and Events Financing the Risks of Natural Disasters
 
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Background Readings
 Aase, Knut K. “Catastrophe Insurance Futures Contracts.” Norges Handelshoyskole. Institutt For Foretaksokonomi Working Paper Series (Norway); No.1/95:1–40, 1995. View abstract

Association of British Insurers. “Renewing the partnership–How the Insurance Industry Will Work with Others to Improve Protection Against Floods.” September 25, 2002. (download 2 Mb Word document)

Audio Proceedings of World Bank conference on “The Future of Disaster Risk Management: Building Safer Cities.” Washington, DC. December 4-6, 2002. Opening remarks and Session One: Innovations in Risk Management with Orsalia Kalantzopoulos, Country Director, Latin America and Caribbean Region, World Bank; Margaret Shields, Chairperson, Wellington Regional Council (New Zealand); and Cristobal Sequeira, First Executive Secretary for Disaster Mitigation, Government of Nicaragua. Listen to proceedings

Auffret, Philippe. “Catastrophe Insurance Market in the Caribbean Region: Market Failures and Recommendations for Public Sector Intervention.” Washington, D.C.: World Bank, Latin America and the Caribbean Region, Economic Policy Sector Unit, No. 2963: 1-31. 2003. (download 117 kb PDF)

Ayling, David E. Underwriting Decisions Under Uncertainty: The Catastrophe Market. Aldershot, Hampshire, England; Brookfield, Vt., U.S.A. : Gower, c1984. 240 p.

Banham, Russ. “On Bermuda's Horizon, 'Acts of God' Bonds.” Global Finance (U.S.); 7:82-86 September 1993.

 Chichilnisky, Graciela and G. Heal. “Catastrophe Futures: Financial Markets and Changing Climate Risks.” Milano, Italy: Fondazione Eni Enrico Mattei, November 1996. 18 p.
 Disaster Management Facility. View website
 Froot, Kenneth A. “On the Pricing of Intermediated Risks: Theory and Application to Catastrophe Reinsurance.” National Bureau of Economic Research. Working Paper Series (U.S.); No. 6011:1-36, April 1997. (download 1.5 Mb PDF)

Froot, Kenneth A. "The Limited Financing of Catastrophe Risk: An Overview," National Bureau of Economic Research." Working Paper Series (U.S.); No. 6025, April 1997; Introductory essay in The Financing of Catastrophe Risk, K. A. Froot, ed. Chicago: University of Chicago Press, 1999. (download 1.1 Mb PDF)

 Froot, Kenneth A. and P. G. O'Connell, "The Pricing of US Catastrophe Reinsurance," National Bureau of Economic Research. Working Paper Series (U.S.); No. 6043, May 1997, in The Financing of Catastrophe Risk, K. A. Froot, ed. Chicago: University of Chicago Press, 1999. (download 1.1 Mb PDF)
 Froot, Kenneth A. and M. Seasholes, "USAA: Catastrophe Risk Financing," Case no. N9-298-007, Harvard Business School, Boston, 1998. Available for purchase
 Froot, Kenneth A., editor. The Financing of Catastrophe Risk. Chicago: University of Chicago Press, 1999. 477 p. Available for purchase

Froot, Kenneth A. “The Market for Catastrophe Risk: A Clinical Examination.” National Bureau of Economic Research. Working Paper Series (U.S.); No. 8110:1–43, February 2001. (download 396 kb PDF)

 Gurenko, Eugene, and Rodney Lester. “Disaster Relief: The Role of the World Bank in Catastrophe Risk Financing in South Asia.” Global Reinsurance. (download 6.7 Mb PDF)
 Gurenko, Eugene. “The Role of the World Bank in Supporting the Turkish Catastrophe Insurance Pool.” From the conference, Innovations in Managing Catastrophic Risks. Washington, DC: World Bank. January 8–10, 2000. (download 812 kb PDF)

Improving Livelihoods on Fragile Land.” Chapter 4, taken from World Development Report 2003. Washington, DC: World Bank, 2003. (download 206 kb PDF)

 Kaplow, Louis. “Incentives and Government Relief for Risk.” National Bureau of Economic Research Working Paper Series (U.S); No. 3007: 1–11. June 1989.
 Kreimer, Alcira, et al. “Managing Disaster Risk in Mexico: Market Incentives for Mitigation Investment.” Washington, D.C.: World Bank, Disaster Management Facility, 1999. vi, 57 p.: ill. ; 28 cm. (download 8.7 Mb PDF)

Litzenberger, Robert H. “Assessing Catastrophe: Reinsurance-linked Securities as a New Asset Class." Journal of Portfolio Management (U.S.); Special Issue: 76-86, December 1996. (download 776 kb PDF)

 Munich Re. Annual Review: Natural Catastrophes 2002. (download 3.7 Mb PDF)
 National Association of Independent Insurers: Will Catastrophe Costs Force the Market to Harden? Special Report.” Journal Of Commerce (U.S.); p. 9A–14A November 6, 1989.
 Niehaus, Greg. “The Allocation of Catastrophe Risk." Journal Of Banking & Finance (Netherlands); 26, No. 2/3, Special Issue: 585–96, March 2002. (download 86 kb PDF)
 Rhode, William. “World Bank in Cat Bonds.” Risk (U.K.); 11: p. 9, December 1998.
 Shann, Jonathan. “The Art of Securitizing Catastrophe Risk.” International Financial Law Review (U.K.); 18:26-30, August 1999. (View HTML page)
 Smyth, Andrew W., Howard Kunreuther, et al. “Probabilistic Benefit-Cost Analysis for Earthquake Damage Mitigation: Evaluating Measures for Apartment Houses in Turkey.” Submitted for review to EERI Earthquake Spectra. (download 1.7 Mb PDF)
 Toigo, Jon William, 1959–. Disaster Recovery Planning: Managing Risk and Catastrophe in Information Systems. Englewood Cliffs, N.J. : Yourdon Press, c1989.
 World Bank Press Release. “Turkish Catastrophe Insurance Pool.” Washington, DC: World Bank, August 2000. (download 13 kb PDF)
 Zanjani, George. “Pricing and Capital Allocation in Catastrophe Insurance." Journal of Financial Economics (Netherlands); 65, No. 2:[283]-305, August 2002. (download 206 kb PDF)

 

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