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Insurance Against Poverty$
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Stefan Dercon

Print publication date: 2004

Print ISBN-13: 9780199276837

Published to Oxford Scholarship Online: January 2005

DOI: 10.1093/0199276838.001.0001

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

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

Chapter:
(p.422) 18 Can Financial Markets be Tapped to Help Poor People Cope with Weather Risks?
Source:
Insurance Against Poverty
Author(s):

Jerry Skees

Panos Varangis

Donald Larson

Paul Siegel

Publisher:
Oxford University Press
DOI:10.1093/0199276838.003.0019

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

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