Chapter

Can Financial Markets be Tapped to Help Poor People Cope with Weather Risks?

Jerry Skees, Panos Varangis, Donald Larson and Paul Siegel

in Insurance Against Poverty

Published in print November 2004 | ISBN: 9780199276837
Published online January 2005 | e-ISBN: 9780191601620 | DOI: http://dx.doi.org/10.1093/0199276838.003.0019

Series: WIDER Studies in Development Economics

Can Financial Markets be Tapped to Help Poor People Cope with Weather Risks?

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This chapter examines private and public mechanisms for managing natural disasters. It focuses on weather-related risks that impact rural incomes. It argues that the basic information and analysis needed to design and value index insurance can also be used to develop a spatial mapping of weather-related risks. It discusses ways of structuring disaster assistance so that it facilitates other forms of risk management, and presents a solution that involves segmenting and layering the natural disaster risk.

Keywords: disaster insurance; natural disasters; weather risk; risk management; rural poor

Chapter.  7101 words. 

Subjects: Economic Development and Growth

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