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This book was produced to mark the end of the International Decade for Natural Disaster Reduction (IDNDR), a United Nations initiative to reduce the negative effects of natural disasters. This volume communicates solutions to the problems associated with natural disasters, stimulating discussion and improvements in methods of protecting people and prop…
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This paper explains the excess rainfall parametric insurance product of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) and Swiss Re Excess Rainfall (XSR), which helps to mitigate the short-term cash flow problems small developing economies suffer after major natural disasters. The product is aimed primarily at extreme high rainfall events of…
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Technical paper series no 1: This paper explains the parametric insurance system of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) in the event of a hurricane or an earthquake. The paper explains the differences between parametric insurance systems and indemnity-based systems, how payments are calculated, and the CCRIB catastrophe model.…
An official document formally adopted by UN Member States as the outcome of the Third International Conference on Small Island Developing States, in which countries recognize the need to support and invest in these nations so they can achieve sustainable development. The paragraphs 51 and 52 recognize the importance of disaster risk reduction and affir…
There are several efforts underway in the Pacific Islands to insure public and private assets against natural disasters such as cyclones and earthquakes. These efforts are designed to mitigate the annual costs of such disasters which range from a few percent to over 50 percent of GDP. However, insurance is not a substitute for aid. Most islands are hea…
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…
Publication
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This book is the latest in a series of volumes addressing natural disasters, and how their impact can be reduced by effective capacity building and prevention strategies. A fully illustrated, 200-page book, Risk Wise offers perspectives, case studies and analysis on disaster risk reduction and mitigation in light of the increasing threat of natural dis…

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