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Disaster insurance --- Natural disasters --- Insurance --- Finance --- Business & Economics --- Natural calamities --- Disasters --- Catastrophe insurance --- Insurance, Disaster --- Government policy --- Economic aspects

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This report was prepared at the request of the ministry of finance (MoF) and ministry of emergency situations of Uzbekistan as of February 2019. It aims to provide a detailed overview of the current status of disaster insurance for residential property in the country, identify gaps, and provide recommendations for a way forward. Uzbekistan is prone to many natural disasters that have a devastating potential for the economy and the population. It is widely recognized that disaster insurance can reduce the fiscal impact of natural disasters as well as their adverse economic impact on the population; and lead to a faster post-disaster recovery. Disaster insurance in Uzbekistan is offered by the private insurers. The Government of Uzbekistan (GoU) can consider the following actions to further strengthen disaster insurance: (i) establish a centralized disaster insurance national pool in the form of a public-private partnership; (ii) improve regulatory framework for disaster insurance; (iii) strengthen the insurance supervision of the disaster insurance market and introduce adequate reporting of catastrophe risk accumulations retained by insurance companies; and (iv) invest in better risk information systems. The report is structured in three main parts. The first part provides an overview of Uzbekistan disaster profile and buildings' seismic vulnerability based on a risk assessment performed for the Kyrgyz Republic. The second part provides an overview of the local insurance market, disaster insurance line of business, and analyzes the current gaps in coverage and regulation. The third part reviews four examples of disaster insurance programs from the Kyrgyz Republic, Romania, Turkey, and New Zealand.

Catastrophe Insurance --- Environment --- Finance and Financial Sector Development --- Hazard Risk Management --- Insurance --- Insurance and Risk Mitigation --- Natural Disasters --- Urban Development

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Catastrophe Modeling: A New Approach to Managing Risk is the first book that systematically analyzes how catastrophe models can be used for assessing and managing risks of extreme events. It focuses on natural disaster risk, but also discusses the management of terrorism risk. A unique feature of this book is the involvement of three leading catastrophe modeling firms, AIR Worldwide, EQECAT, and Risk Management Solutions, who examine the role of catastrophe modeling in rate setting, portfolio management and risk financing. Using data from three model cities (Oakland, CA, Long Beach, CA and Miami/Dade County, FLA), experts from the Wharton School of the University of Pennsylvania examine the role of catastrophe modeling to develop risk management strategies for reducing and spreading the losses from future disasters. Given the uncertainties associated with terrorism the book points out the opportunities for utilizing catastrophe models to set insurance rates and to examine public-private partnerships for providing financial assistance in the event of a terrorist attack. "This book fills a critical need in setting forth the role of modern risk analysis in managing catastrophe risk. There is no comparable reference work for this important subject area. The book is well written and well organized. It contains contributions from many of the most distinguished experts in the fields of risk analysis and risk management. It strikes a good balance between the technical aspects of the subject and the practical aspects of decision making." "This book is strongly recommended for individuals who must make decisions regarding the management of impacts of catastrophe risks including those in both the public and private sector." Wilfred D. Iwan Professor of Applied Mechanics, Emeritus Director, Earthquake Engineering Research Laboratory California Institute of Technology "The authors have captured the essence of catastrophe modeling: its value, its utility and its limitations. Every practitioner in the catastrophe risk field should read this book." Franklin W. Nutter, President Reinsurance Association of America.

Risk management. --- Risk (Insurance) --- Natural disasters. --- Disaster insurance. --- Catastrophe insurance --- Insurance, Disaster --- Insurance --- Natural calamities --- Disasters --- Management --- Risk --- Finance. --- Microeconomics. --- Finance, general. --- Price theory --- Economics --- Funding --- Funds --- Currency question

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The publication provides an overview of the disaster risk assessment and financing practices of a broad range of economies relative to guidance elaborated in G20/OECD Framework for Disaster Risk Assessment and Risk Financing. The publications is based on survey responses provided by 29 economies, as well as research undertaken by the OECD and other international organisations, and provides a global overview of the approaches that economies facing various levels of disaster risk and economic development have taken to managing the financial impacts of natural and man-made catastrophes.

Disasters --- Risk management --- Disaster relief --- Disaster insurance --- Economic History --- Business & Economics --- Economic aspects --- Risk assessment --- Finance --- Calamities --- Catastrophes --- Catastrophe insurance --- Insurance, Disaster --- Curiosities and wonders --- Accidents --- Hazardous geographic environments --- Insurance --- Management --- Disaster insurance. --- Economic aspects. --- Risk assessment. --- Finance.

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China has long known more than its fair share of disasters, including earthquakes, typhoons, floods, and droughts. The good news is that in recent decades, the country has made tremendous headway in building its resilience to disasters. Learning from these efforts will be critical to strengthening resilience building efforts in China and beyond. In that spirit, this Knowledge Note distills some lessons from China's progress in many areas of disaster risk management. The note does not comprehensively cover the country's achievements but focuses instead on topics that might be of interest to DRM practitioners globally. Drawing on expert insights from China's disaster risk management community, key themes highlighted by this note include: the evolution of national disaster risk reduction (DRR) planning; the rise of demonstration communities; standardization of the disaster loss statistical system; development of an agricultural insurance system; establishment of a catastrophe risk insurance system. China has also made significant progress in establishing a catastrophe risk insurance system that allows for local innovations and pilots based on local characteristics; Development of a comprehensive space-based system of disaster and emergency monitoring. Amid a changing climate, China is facing the specter of even more significant disaster risks in the future, which may also bring global cascading impacts. Taking stock of the progress that has been achieved so far, there is good reason to believe that the country will continue to learn and innovate toward a resilient future.

Agriculture --- Catastrophe Insurance --- Earth Sciences and GIS --- Environment --- Environmental Disasters and Degradation --- Finance and Financial Sector Development --- Hazard Risk Management --- Insurance --- Insurance and Risk Mitigation --- Natural Disasters --- Prevention --- Risk Management --- Science and Technology Development --- Urban Development