Financial services and disaster risk finance : examples from the community level

Warner, Koko, Bouwer, Laurens and Ammann, Walter, (2007). Financial services and disaster risk finance : examples from the community level. Environmental Hazards, 7(1), 32-39

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  • Sub-type Journal article
    Author Warner, Koko
    Bouwer, Laurens
    Ammann, Walter
    Title Financial services and disaster risk finance : examples from the community level
    Appearing in Environmental Hazards
    Volume 7
    Issue No. 1
    Publication Date 2007
    Place of Publication Philadelphia
    Publisher Elsevier B.V.
    Start page 32
    End page 39
    Language eng
    Abstract Increased attention has recently been given to the possible role of financial services in the management of natural disaster risk. Local communities have been at the forefront of developing innovative disaster risk finance strategies and implementing risk-oriented incentive programs. In view of increasing risks, including the impacts of climate change, such programs will become more important. This paper examines four models and some recent experiences in using financial services at the community level. The paper offers an overview of advantages and limitations of each model to manage disaster risk in communities. Examples include a federal government initiated scheme of social protection funds, a local government risk reduction scheme, an insurance product provided by a non-governmental organization , and a micro-insurance scheme. Finally, the paper offers some directions about specific ways that the public and private sectors, in collaboration with other partners can improve finance alternatives for disaster management at the community level. It appears that a range of follow-up studies and further dialogue is needed, in order to expand the knowledge on what types of risk finance models can help manage and reduce the financial impacts of natural disasters.
    UNBIS Thesaurus DISASTER INSURANCE
    CLIMATE CHANGE
    Keyword Disaster risk finance
    Climate adaptation
    Copyright Holder Elsevier B.V.
    Copyright Year 2007
    Copyright type All rights reserved
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    Created: Thu, 30 Apr 2015, 12:48:07 JST