Rapid onset natural disasters : The role of financing in effective risk management

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 building financially sustainable catastrophe risk transfer and funding programs in disaster prone countries and their links to risk mitigation. They also deal with the cognitive and political economy issues that are likely to arise and ways to accommodate them.Payment Systems&Infrastructure,Insurance&Risk Mitigation,Environmental Economics&Policies,Banks&Banking Reform,Hazard Risk Management,Non Bank Financial Institutions,Insurance&Risk Mitigation,Banks&Banking Reform,Environmental Economics&Policies