This compact but comprehensive exposé of the best international practical experience in catastrophe risk management at the country level outlines the key challenges involved in building national catastrophe insurance schemes.
Examines the best international practices at each stage of catastrophe risk management including: country risk assessments and risk modelling, risk transfer products as well as optimal institutional arrangements for national catastrophe risk management, including national reinsurance and insurance pools.
Clearly illustrates how countries exposed to natural disasters can manage their catastrophe risk exposures to reduce the cost of risk for national economies by following the classical corporate risk management model.
Contains valuable practical insights for risk and insurance professionals, and government policy makers on the key challenges involved in designing a successful national catastrophe risk management programme.
Offers innovative insights of the foremost academics in the area alongside practical expertise from leading international reinsurance and risk professionals, based on their experience of running some of the largest catastrophe risk programmes worldwide.
Demonstrates the importance of public-private partnerships in catastrophe risk financing by suggesting the roles of government and private risk markets.
In addition to risk financing, this title uniquely covers the role of risk reduction and prevention in disaster prone countries.
Eugene GurenkoDr. Eugene N. Gurenko is a Senior Insurance Specialist at the World Bank Insurance Practice. During his career at the World Bank Group, which he joined in 1998, he designed and managed the World Bank program of technical assistance and lending to the Turkish Catastrophe Insurance Pool, currently one of the largest earthquake insurers in the world. For his work on the Turkish Catastrophe Insurance Pool, Mr. Gurenko received President's Excellence Award. Since then, Dr. Gurenko has been actively involved in developing catastrophe risk management solutions for the World Bank client countries. His latest assignments include the design and management of World Bank programs of technical assistance and lending in support of the catastrophe insurance programs in Turkey, Iran, Romania, India, Columbia and the Philippines. Dr. Gurenko holds a Ph.D. from Columbia University, a title of Chartered Property Casualty Underwriter (CPCU) and an associate degree in reinsurance (ARe).