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180616 ||| eng |
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|a Muir-Wood, Robert
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|a Designing Optimal Risk Mitigation and Risk Transfer Mechanisms to Improve the Management of Earthquake Risk in Chile
|h Elektronische Ressource
|c Robert, Muir-Wood
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|a Concevoir les meilleurs mécanismes possibles d'atténuation et de transfert des risques pour améliorer la gestion du risque sismique au Chili / Robert, Muir-Wood
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|a Concevoir les meilleurs mécanismes possibles d'atténuation et de transfert des risques pour améliorer la gestion du risque sismique au Chili
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| 260 |
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|a Paris
|b OECD Publishing
|c 2011
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| 300 |
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|a 34 p.
|c 21 x 29.7cm
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| 653 |
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|a Finance and Investment
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| 653 |
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|a Chile
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|a eng
|2 ISO 639-2
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| 989 |
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|b OECD
|a OECD Books and Papers
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|a OECD Working Papers on Finance, Insurance and Private Pensions
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| 028 |
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|a 10.1787/5kg26lpfxcr5-en
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|a oecd-ilibrary.org
|u https://doi.org/10.1787/5kg26lpfxcr5-en
|x Verlag
|3 Volltext
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|a 330
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|a The property losses from the Feb 27th 2010 Maule earthquake are assessed as $18.1Bn paid for 38% by insurers, 47% by the Government of Chile and 15% by individuals and businesses. Including $4Bn damage to infrastructure and the costs of lost economic activity the total loss in 2010 values is estimated to have been close to $28Bn. The report considers policy options for expanding the proportion of future Chilean earthquake losses that would be covered via new and expanded risk transfer mechanisms: for low income homeowners, small commercial enterprises and government buildings. Consideration is also given to how the overall levels of earthquake risk in Chile could be reduced through targeted efforts at risk mitigation. Recommendations are made for how the insurance industry and government in Chile should expand the use of probabilistic catastrophe loss models for defining and pricing risk management options
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