Developing risk assessment to support sovereign risk financing and risk transfer

This document is the tenth in a series of special topics for consideration, as part of the Words into Action Guidelines on National Disaster Risk Assessment published by UNISDR. This section provides a general introduction to sovereign risk financing and risk transfer schemes as a part of a comprehensive risk management strategy to reduce and prevent economic losses. To determine the required scope and type of risk financing or risk transfer in a country, a government should first understand the risk context through national risk assessment.

Risk financing and risk transfer measures (such as insurance) provide protection cover and can distribute or pool the residual economic risk. A number of recent studies indicate that, following a major disaster, countries with lower levels of insurance penetration experience larger declines in economic output and more considerable fiscal losses than those with higher levels of insurance penetration.

Date:
2017
Pages:
16 p.
Sources:

Related Links

Keywords

Themes:
Risk Identification & Assessment, Insurance & Risk Transfer, Economics of DRR
VI Regional Platform for Disaster Risk Reduction in the Americas, Cartagena, Colombia 20-22 June 2018 VI Regional Platform for Disaster Risk Reduction in the Americas, Cartagena, Colombia 20-22 June 2018.
  • What We Do What we do - we coordinate.
  • What We Do What we do - we campaign.
  • What We Do What we do - we advocate.
  • What We Do What we do - we inform.

Learn more about What We Do

CONNECT WITH US

See our photos on Flickr Watch our videos on YouTube Follow our Instagram Subscribe to our RSS feed