How has the reinsurance industry change since hurricane andrew in 1994 to the
present day, and is it now more able to deal with disasters like the
hurricanes in florida last year, if so why |
Request for Question Clarification by
pafalafa-ga
on
23 Feb 2005 20:06 PST
jcraigon-ga,
Are you looking for links to well-informed papers that discuss this
topic? If so, it may be possible to provide an answer to your
question.
If, on the other hand, you're looking for a researcher to actually
write-up a small white paper on this topic, it may help to spell out
in a bit more detail what sort of answer you are expecting.
Thanks.
pafalafa-ga
|
Clarification of Question by
jcraigon-ga
on
24 Feb 2005 03:29 PST
i am looking for referanced paper, however a list of links would be
useful and would be willing to pay a lesser amount for that
|
Request for Question Clarification by
pafalafa-ga
on
26 Feb 2005 05:28 PST
Thanks. Here's an excerpt from an article from Re-Insurance Magazine
I came across:
-----
The profits of doom
Understanding catastrophic tragedies should strengthen efforts by the
insurance industry - and the world - to minimise risk
The international forum convened to mark the tenth anniversary of the
Kobe earthquake was charged to discuss international efforts at
prevention and recovery from such catastrophes. As an industry, which
in part seeks to profit from the certainty of catastrophes, the
insurance delegation could be regarded somewhat suspiciously among the
great and the good of the United Nations, academics and charities.
However, the insurance industry does have a role to play in preventing
and protecting against such disasters though it is simplistic to
assume that this role should be confined to selling more insurance in
underinsured markets. There are myriad complexities accounting for the
under-insurance of certain markets and the line is not simply drawn
according to rich versus poor. Take Kobe which, ten years after
suffering an economic loss of $150bn, has seen no real growth in the
amount of earthquake insurance purchased by its citizens. Japanese
state residential earthquake insurance may, in part, account for this
nonchalance at the individual level and shows how a safety net can
easily be mistaken for a hoist even in developed economies.
Cultural issues also account for under-insurance in some markets and
are particularly acute in many countries affected by the recent
tsunami (though even in California - 11 years after Northridge - we
see less than 20% of homeowners buying earthquake coverage)....
-----
Is this the sort of thing you're looking for? If so, I can probably
provide a good list of sources and links.
Let me know.
pafalafa-ga
|
