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



