Prevention and insurance of conflict and terrorism: issues and evidence for Latin America

Includes bibliography

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Detalles Bibliográficos
Autor principal:	Solimano, Andrés
Otros Autores:	NU. CEPAL. División de Desarrollo Económico
Formato:	Texto
Lenguaje:	English
Publicado:	ECLAC 2014
Materias:	PREVENCION DEL DELITO SEGUROS TERRORISMO VIOLENCIA POLITICA ECONOMIA DEL BIENESTAR ADMINISTRACION PUBLICA CRIME PREVENTION INSURANCE POLITICAL VIOLENCE TERRORISM WELFARE ECONOMICS PUBLIC ADMINISTRATION
Acceso en línea:	http://hdl.handle.net/11362/5392
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spelling	oai-11362-53922020-09-28T15:41:27Z Prevention and insurance of conflict and terrorism: issues and evidence for Latin America Solimano, Andrés NU. CEPAL. División de Desarrollo Económico PREVENCION DEL DELITO SEGUROS TERRORISMO VIOLENCIA POLITICA ECONOMIA DEL BIENESTAR ADMINISTRACION PUBLICA CRIME PREVENTION INSURANCE POLITICAL VIOLENCE TERRORISM WELFARE ECONOMICS PUBLIC ADMINISTRATION Includes bibliography Latin America has a long history of political violence that include civil wars; guerrilla movements, military intervention, coup d'état, terrorism and others form of violent confrontation. As conflict and terrorism (C-T) produces losses of human lives and destroy assets and property there is an obvious need for prevention and insurance against this kind of risk. Insurance can be provided by both the state and by the market. In countries subject to long and violent conflict there is need for direct provision of insurance and compensation to the victims of conflict and their families. However, also private insurance for C-T risks can be developed. The development of market insurance for these contingencies require adequate pricing, a solid financial base of insurance companies and mechanisms for shifting risk particularly when we are in presence of extreme events" that increase, substantially, the solvency risk of insurers. The losses of terrorist attacks are sometimes very large (over $ 50 billions associated with the attacks on the twin towers on September 11, 2001, in New York City). The "extreme event syndrome' calls for some degree of state intervention to secure the solvency of insurance market institutions in the wake of large contingencies. Efficient public intervention requires an adequate understanding of issues of incentive-compatibility, moral hazard and risk diversification that are central in the theory and practice of insurance mechanisms." 2014-01-02T16:11:51Z 2014-01-02T16:11:51Z 2003-12 Texto Documento Completo 9211214238 http://hdl.handle.net/11362/5392 LC/L.2005-P en Serie Macroeconomía del Desarrollo 27 application/pdf AMERICA LATINA LATIN AMERICA ECLAC
institution	Cepal
collection	Cepal
language	English
topic	PREVENCION DEL DELITO SEGUROS TERRORISMO VIOLENCIA POLITICA ECONOMIA DEL BIENESTAR ADMINISTRACION PUBLICA CRIME PREVENTION INSURANCE POLITICAL VIOLENCE TERRORISM WELFARE ECONOMICS PUBLIC ADMINISTRATION
spellingShingle	PREVENCION DEL DELITO SEGUROS TERRORISMO VIOLENCIA POLITICA ECONOMIA DEL BIENESTAR ADMINISTRACION PUBLICA CRIME PREVENTION INSURANCE POLITICAL VIOLENCE TERRORISM WELFARE ECONOMICS PUBLIC ADMINISTRATION Solimano, Andrés Prevention and insurance of conflict and terrorism: issues and evidence for Latin America
description	Includes bibliography
author2	NU. CEPAL. División de Desarrollo Económico
author_facet	NU. CEPAL. División de Desarrollo Económico Solimano, Andrés
format	Texto
author	Solimano, Andrés
author_sort	Solimano, Andrés
title	Prevention and insurance of conflict and terrorism: issues and evidence for Latin America
title_short	Prevention and insurance of conflict and terrorism: issues and evidence for Latin America
title_full	Prevention and insurance of conflict and terrorism: issues and evidence for Latin America
title_fullStr	Prevention and insurance of conflict and terrorism: issues and evidence for Latin America
title_full_unstemmed	Prevention and insurance of conflict and terrorism: issues and evidence for Latin America
title_sort	prevention and insurance of conflict and terrorism: issues and evidence for latin america
publisher	ECLAC
publishDate	2014
url	http://hdl.handle.net/11362/5392
work_keys_str_mv	AT solimanoandres preventionandinsuranceofconflictandterrorismissuesandevidenceforlatinamerica
_version_	1718437178601635840

Prevention and insurance of conflict and terrorism: issues and evidence for Latin America

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