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Displaying 11 of about 11 resultsThis note intends to shift the discussion on pandemic and epidemic risk finance to a practical approach about the benefits of applying a disaster risk finance (DRF) lens to new financial mechanisms as they are developed and deployed. It outlines key trends of financial flows toward outbreak response and identifies relevant emerging initiatives and oppor…
This Allianz Global Corporate & Specialty (AGCS) report examines how natural catastrophe, pandemic outbreak, terrorism and cyber risk could potentially affect megacities in future and provides insight into the different ways in which the insurance industry will be impacted.
This paper demonstrates that (p. 16):
in the context of today’s and…
This user-friendly handbook provides an overview of several 'natural' disasters that occurred in the world in 2005, and contains good practices submitted by ADRC member countries to share knowledge among relevant stakeholders in order to contribute to global disaster risk reduction, in regard to the progression on the implementation of the Hyogo Framewo…
This report focuses on how to address business continuity risk in the face of a pandemic. Pandemic business interruption risk is uninsurable by insurers alone, as it cannot be modelled and priced, it is systemic in nature, and maximum losses are not manageable from the insurer’s solvency point of view. Governments must play a leading role.
Th…
The government of Belize, with support from the World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR), addressed the urgent needs of vulnerable households and small farmers that were exacerbated by the COVID-19 pandemic. Lessons learned from the publication include:Emerging needs from the COVID-19 pandemic did not imply los…
This report discusses the pivotal question of whether pandemics are a type of risk for which the insurance industry can play any kind of role or if this is the type of risk where traditional insurance products are not the solution. COVID-19 and the shutdown measures adopted by many governments to contain it have plunged the global economy into…
ERIA Research Project Report 2011-08:
This report consists of the papers from ERIA’s research project on “Economic and Welfare Impacts of Disasters in East Asia and Policy Responses” in Fiscal Year 2011-12. It aims to improve our understanding on how the past and potential impacts of disasters on productions, demands, regional development, and welfare…
This paper provides a stress-test template for financial supervisors to simulate potential losses on banks’ and insurers’ balance sheets under 6 different COVID-19 pandemic scenarios over the next 36 months. It develops the nature of these scenarios and provides loss estimates that can be used as inputs to analysisof banks’ and insurers’…
This publication discusses how 2020 will be remembered for the global health and economic crisis triggered by COVID-19. Against the backdrop of the disruption and upheaval caused by the pandemic, millions of people also experienced severe weather events. In inflation-adjusted terms, global economic losses from natural and man-made catastrophes were USD…
This short note was published as independent blogs between June and October 2020 as part of technical knowledge produced by the Disaster Risk Finance Community of Practice.
The note includes the following 12 blogs and authors’ biographies:
Five lessons on disaster risk finance to inform COVID-19 crisis response
Five reasons you should be thinking…
The inaugural report of the Insurance Working Group of the United Nations Environment Programme Finance Initiative:
This report identifies nine vital global sustainability issues, based on their urgency, scale and the ability of the insurance industry to influence them: (1) Climate change and the impact of increased extreme weather conditions; (2) The…