Designing Optimal Risk Mitigation and Risk Transfer Mechanisms to Improve the Management of Earthquake Risk in Chile:
The property losses from the Feb 27th 2010 Maule earthquake are assessed as USD18.1Bn paid for 38% by insurers, 47% by the Government of Chile and 15% by individuals and businesses. Including USD4Bn damage to infrastructure and the costs of lost economic activity the total loss in 2010 values is est...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2011
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| Schriftenreihe: | OECD Working Papers on Finance, Insurance and Private Pensions
no.12 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The property losses from the Feb 27th 2010 Maule earthquake are assessed as USD18.1Bn paid for 38% by insurers, 47% by the Government of Chile and 15% by individuals and businesses. Including USD4Bn damage to infrastructure and the costs of lost economic activity the total loss in 2010 values is estimated to have been close to USD28Bn. The report considers policy options for expanding the proportion of future Chilean earthquake losses that would be covered via new and expanded risk transfer mechanisms: for low income homeowners, small commercial enterprises and government buildings. Consideration is also given to how the overall levels of earthquake risk in Chile could be reduced through targeted efforts at risk mitigation. Recommendations are made for how the insurance industry and government in Chile should expand the use of probabilistic catastrophe loss models for defining and pricing risk management options. |
| Beschreibung: | 1 Online-Ressource (34 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5kg26lpfxcr5-en |
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| indexdate | 2024-11-26T14:56:02Z |
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| spelling | Muir-Wood, Robert VerfasserIn aut Designing Optimal Risk Mitigation and Risk Transfer Mechanisms to Improve the Management of Earthquake Risk in Chile Robert, Muir-Wood = Concevoir les meilleurs mécanismes possibles d'atténuation et de transfert des risques pour améliorer la gestion du risque sismique au Chili / Robert, Muir-Wood Concevoir les meilleurs mécanismes possibles d'atténuation et de transfert des risques pour améliorer la gestion du risque sismique au Chili Paris OECD Publishing 2011 1 Online-Ressource (34 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Working Papers on Finance, Insurance and Private Pensions no.12 The property losses from the Feb 27th 2010 Maule earthquake are assessed as USD18.1Bn paid for 38% by insurers, 47% by the Government of Chile and 15% by individuals and businesses. Including USD4Bn damage to infrastructure and the costs of lost economic activity the total loss in 2010 values is estimated to have been close to USD28Bn. The report considers policy options for expanding the proportion of future Chilean earthquake losses that would be covered via new and expanded risk transfer mechanisms: for low income homeowners, small commercial enterprises and government buildings. Consideration is also given to how the overall levels of earthquake risk in Chile could be reduced through targeted efforts at risk mitigation. Recommendations are made for how the insurance industry and government in Chile should expand the use of probabilistic catastrophe loss models for defining and pricing risk management options. Finance and Investment Chile FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5kg26lpfxcr5-en Volltext |
| spellingShingle | Muir-Wood, Robert Designing Optimal Risk Mitigation and Risk Transfer Mechanisms to Improve the Management of Earthquake Risk in Chile Finance and Investment Chile |
| title | Designing Optimal Risk Mitigation and Risk Transfer Mechanisms to Improve the Management of Earthquake Risk in Chile |
| title_alt | Concevoir les meilleurs mécanismes possibles d'atténuation et de transfert des risques pour améliorer la gestion du risque sismique au Chili |
| title_auth | Designing Optimal Risk Mitigation and Risk Transfer Mechanisms to Improve the Management of Earthquake Risk in Chile |
| title_exact_search | Designing Optimal Risk Mitigation and Risk Transfer Mechanisms to Improve the Management of Earthquake Risk in Chile |
| title_full | Designing Optimal Risk Mitigation and Risk Transfer Mechanisms to Improve the Management of Earthquake Risk in Chile Robert, Muir-Wood = Concevoir les meilleurs mécanismes possibles d'atténuation et de transfert des risques pour améliorer la gestion du risque sismique au Chili / Robert, Muir-Wood |
| title_fullStr | Designing Optimal Risk Mitigation and Risk Transfer Mechanisms to Improve the Management of Earthquake Risk in Chile Robert, Muir-Wood = Concevoir les meilleurs mécanismes possibles d'atténuation et de transfert des risques pour améliorer la gestion du risque sismique au Chili / Robert, Muir-Wood |
| title_full_unstemmed | Designing Optimal Risk Mitigation and Risk Transfer Mechanisms to Improve the Management of Earthquake Risk in Chile Robert, Muir-Wood = Concevoir les meilleurs mécanismes possibles d'atténuation et de transfert des risques pour améliorer la gestion du risque sismique au Chili / Robert, Muir-Wood |
| title_short | Designing Optimal Risk Mitigation and Risk Transfer Mechanisms to Improve the Management of Earthquake Risk in Chile |
| title_sort | designing optimal risk mitigation and risk transfer mechanisms to improve the management of earthquake risk in chile |
| topic | Finance and Investment Chile |
| topic_facet | Finance and Investment Chile |
| url | https://doi.org/10.1787/5kg26lpfxcr5-en |
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