Catastrophe Insurance Market in the Caribbean Region: Market Failures and Recommendations for Public Sector Interventions

Topics:
Insurance
Tags:
Business Operations,
Corporate Insurance,
Finance,
Financial Planning,
Free Trade,
Insurance,
Public Sector,
World Bank Group
Source:
World Bank Group

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Overview: This paper develops a conceptual framework for risk management and shows that the insurance market for catastrophic risk in the Caribbean region remains a "thin" market characterized by "high" prices and "low" transfer of risk. It analyzes the possible market failures, which could explain the lack of development of the catastrophe insurance market. Finally, the paper outlines a set of recommendations for public sector interventions.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 117KB | Date: Jan 2003 | Pages: 31


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