Front Matter Page
Western Hemisphere Department
Table of Contents
Abstract
I. Introduction
II. The Current Landscape
A. Nature of Exposure to Natural Disasters
B. A Taxonomy of Risk Transfer Instruments Used by Sovereigns
Regional Risk Pooling Facilities
Catastrophe Bonds
State-Owned Insurance Companies
C. Current Levels of Risk Transfer
III. Optimal Risk Transfer: Considerations
A. Methodology
B. Results
IV. Options to Strengthen Financing of Disaster Risks
V. Conclusions and Policy Implications
References