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

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cepal.accesible13606
cepal.bibLevelDocumento Completo
cepal.callNumberINT UN/EC 65(27/2003)
cepal.callNumberLC/L.2005-P
cepal.divisionEngEconomic Development Division
cepal.divisionSpaDivisión de Desarrollo Económico
cepal.docTypeSeries
cepal.jobNumberS0310755 E
cepal.physicalDescriptiondiagramas, tablas
cepal.regionalOfficeSantiago
cepal.saleNumber03.II.G.166
cepal.topicEngSOCIAL PROTECTION
cepal.topicEngPUBLIC ADMINISTRATION
cepal.topicSpaPROTECCIÓN SOCIAL
cepal.topicSpaGESTIÓN PÚBLICA
cepal.workareaEngSOCIAL DEVELOPMENT
cepal.workareaEngPLANNING FOR DEVELOPMENT
cepal.workareaSpaDESARROLLO SOCIAL
cepal.workareaSpaPLANIFICACIÓN PARA EL DESARROLLO
dc.contributor.authorSolimano, Andrés
dc.contributor.entityNU. CEPAL. División de Desarrollo Económico
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialSpaAMERICA LATINA
dc.date.accessioned2014-01-02T16:11:51Z
dc.date.available2014-01-02T16:11:51Z
dc.date.issued2003-12
dc.descriptionIncludes bibliography
dc.description.abstractLatin 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."
dc.formatTexto
dc.format.extent32 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.isbn9211214238
dc.identifier.unSymbolLC/L.2005-P
dc.identifier.urihttps://hdl.handle.net/11362/5392
dc.language.isoeng
dc.physicalDescription32 p. : diagrs., tabls.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesSerie Macroeconomía del Desarrollo
dc.relation.isPartOfSeriesNo27
dc.rights.coarDisponible
dc.subject.unbisEngCRIME PREVENTION
dc.subject.unbisEngINSURANCE
dc.subject.unbisEngPOLITICAL VIOLENCE
dc.subject.unbisEngTERRORISM
dc.subject.unbisEngWELFARE ECONOMICS
dc.subject.unbisEngPUBLIC ADMINISTRATION
dc.subject.unbisSpaPREVENCION DEL DELITO
dc.subject.unbisSpaSEGUROS
dc.subject.unbisSpaTERRORISMO
dc.subject.unbisSpaVIOLENCIA POLITICA
dc.subject.unbisSpaECONOMIA DEL BIENESTAR
dc.subject.unbisSpaADMINISTRACION PUBLICA
dc.titlePrevention and insurance of conflict and terrorism: issues and evidence for Latin America
dc.type.coarlibro
dspace.entity.typePublication
relation.isAuthorOfPublicationd540a347-e222-48d8-99e7-53639b52854c
relation.isAuthorOfPublication.latestForDiscoveryd540a347-e222-48d8-99e7-53639b52854c
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