FEARURES AND PROBLEMS OF NATURAL HAZARDS INSURANCE MARKET

The article deals with characteristics and problems of world natural hazards insurance market. Special attention in this article is paid to activity of direct and indirect participants of the market: policy holders, insurance intermediaries, insurers, reinsurers, companies of construction industry a...

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Autor principal:	E. A. Tokareva
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2013
Materias:	natural hazards insurance insurance market natural hazard risks catastrophe risk modeling companies microinsurance prevention measures moral hazard adverse selection International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/2e4c6ba3f04049898f04852b719ad766
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id	oai:doaj.org-article:2e4c6ba3f04049898f04852b719ad766
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spelling	oai:doaj.org-article:2e4c6ba3f04049898f04852b719ad7662021-11-23T14:50:55ZFEARURES AND PROBLEMS OF NATURAL HAZARDS INSURANCE MARKET2071-81602541-909910.24833/2071-8160-2013-6-33-127-133https://doaj.org/article/2e4c6ba3f04049898f04852b719ad7662013-12-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/1154https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099The article deals with characteristics and problems of world natural hazards insurance market. Special attention in this article is paid to activity of direct and indirect participants of the market: policy holders, insurance intermediaries, insurers, reinsurers, companies of construction industry and real estate, banks and other financial institutions, investors, rating agencies, Government. The article underlines the importance of adequate natural hazard risks assessment. The article describes factors that influence demand and supply aspects on the market. The supply is constrained by insurer’s and reinsurer’s capacity and the willingness of investors to finance natural hazard insurance market. Low interest of potential policy holders to buy natural hazard insurance is explained mainly by practice of post-disaster government relief programs. As insurance component increases in natural disaster compensation schemes, moral hazard decreases, but adverse selection goes up.E. A. TokarevaMGIMO University Pressarticlenatural hazards insuranceinsurance marketnatural hazard riskscatastrophe risk modeling companiesmicroinsuranceprevention measuresmoral hazardadverse selectionInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 6(33), Pp 127-133 (2013)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	natural hazards insurance insurance market natural hazard risks catastrophe risk modeling companies microinsurance prevention measures moral hazard adverse selection International relations JZ2-6530
spellingShingle	natural hazards insurance insurance market natural hazard risks catastrophe risk modeling companies microinsurance prevention measures moral hazard adverse selection International relations JZ2-6530 E. A. Tokareva FEARURES AND PROBLEMS OF NATURAL HAZARDS INSURANCE MARKET
description	The article deals with characteristics and problems of world natural hazards insurance market. Special attention in this article is paid to activity of direct and indirect participants of the market: policy holders, insurance intermediaries, insurers, reinsurers, companies of construction industry and real estate, banks and other financial institutions, investors, rating agencies, Government. The article underlines the importance of adequate natural hazard risks assessment. The article describes factors that influence demand and supply aspects on the market. The supply is constrained by insurer’s and reinsurer’s capacity and the willingness of investors to finance natural hazard insurance market. Low interest of potential policy holders to buy natural hazard insurance is explained mainly by practice of post-disaster government relief programs. As insurance component increases in natural disaster compensation schemes, moral hazard decreases, but adverse selection goes up.
format	article
author	E. A. Tokareva
author_facet	E. A. Tokareva
author_sort	E. A. Tokareva
title	FEARURES AND PROBLEMS OF NATURAL HAZARDS INSURANCE MARKET
title_short	FEARURES AND PROBLEMS OF NATURAL HAZARDS INSURANCE MARKET
title_full	FEARURES AND PROBLEMS OF NATURAL HAZARDS INSURANCE MARKET
title_fullStr	FEARURES AND PROBLEMS OF NATURAL HAZARDS INSURANCE MARKET
title_full_unstemmed	FEARURES AND PROBLEMS OF NATURAL HAZARDS INSURANCE MARKET
title_sort	fearures and problems of natural hazards insurance market
publisher	MGIMO University Press
publishDate	2013
url	https://doaj.org/article/2e4c6ba3f04049898f04852b719ad766
work_keys_str_mv	AT eatokareva fearuresandproblemsofnaturalhazardsinsurancemarket
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FEARURES AND PROBLEMS OF NATURAL HAZARDS INSURANCE MARKET

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