Advanced Search
MyIDEAS: Login

Economics of Insurance against Natural Catastrophes: Over-Burdened Arab Insurers

Contents:

Author Info

  • Abdel-Raheem F. Fares

    ()
    (College of Economics and Business Administration, Department of Banking and Finance, Al-Zaytoonah University)

  • Eid Ahmad Abou-Bakr

    ()
    (Faculty of Commerce, Beni-Suif University, EGYPT)

Registered author(s):

    Abstract

    Natural catastrophes increased over time in numbers and in economic losses. This trend is expected to continue. Reinsurers operating in high risk areas attempted to transfer part of their huge losses to the financial markets or to less risky areas domestically or internationally, including Arab countries. Statistics show relatively low number of events and low economic losses resulting from natural catastrophes in Arab countries. The risk transfers over-burdened Arab insurance companies. These transfers did not receive serious academic attention. The present paper studies aspects of insurance and reinsurance against natural catastrophes, studies risk transfers and presents suggestions to reduce the extra burden that transfers inflect upon Arab insurers.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.bapress.ca/ref/ref-2012-3/Economics%20of%20Insurance%20against%20Natural%20Catastrophes---Over-Burdened%20Arab%20Insurers.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Better Advances Press, Canada in its journal Review of Economics & Finance.

    Volume (Year): 2 (2012)
    Issue (Month): (August)
    Pages: 95-105

    as in new window
    Handle: RePEc:bap:journl:120308

    Contact details of provider:
    Postal: 17 Alton Towers Circle, Unit 101 Toronto, ON, M1V3L8, Canada
    Phone: +1-647-728-3961
    Web page: http://www.bapress.ca

    Order Information:
    Postal: 17 Alton Towers Circle, Unit 101 Toronto, ON, M1V3L8, Canada
    Email:

    Related research

    Keywords: Insurance and reinsurance against natural catastrophes; Protecting Arab insurers; Risk transfers in insurance; Demand and supply for insurance against natural catastrophes;

    Find related papers by JEL classification:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Patricia Born & W. Viscusi, 2006. "The catastrophic effects of natural disasters on insurance markets," Journal of Risk and Uncertainty, Springer, vol. 33(1), pages 55-72, September.
    2. Kunreuther, Howard, 1996. "Mitigating Disaster Losses through Insurance," Journal of Risk and Uncertainty, Springer, vol. 12(2-3), pages 171-87, May.
    3. J. David Cummins & Christopher M. Lewis & Richard D. Phillips, 1998. "Pricing Excess-of-loss Reinsurance Contracts Against Catastrophic Loss," Center for Financial Institutions Working Papers 98-09, Wharton School Center for Financial Institutions, University of Pennsylvania.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:bap:journl:120308. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bill Yan).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.