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Managing catastrophe risks: the case of seisms

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  • Robert Kast

    (LAMETA - Laboratoire Montpelliérain d'Économie Théorique et Appliquée - UM1 - Université Montpellier 1 - UPVM - Université Paul-Valéry - Montpellier 3 - INRA - Institut National de la Recherche Agronomique - Montpellier SupAgro - Centre international d'études supérieures en sciences agronomiques - UM - Université de Montpellier - CNRS - Centre National de la Recherche Scientifique - Montpellier SupAgro - Institut national d’études supérieures agronomiques de Montpellier, IFP - Institut Français de Pondichéry - MEAE - Ministère de l'Europe et des Affaires étrangères - CNRS - Centre National de la Recherche Scientifique)

Abstract

Catastrophes and risks have had a great influence on the evolution of human development. We analyze behaviors in front of risks, then we consider some basic principles that have guided private and public behaviors. Managing risks has become a specialty for finance and insurance, but they are not the only institutions that allow to confront them. We conclude on an example of how public funds, private insurance and reinsurance companies can work together and use financial markets in order to cover financial risks due to seisms.

Suggested Citation

  • Robert Kast, 2011. "Managing catastrophe risks: the case of seisms," Working Papers hal-00610221, HAL.
    • Handle: RePEc:hal:wpaper:hal-00610221
    Note: View the original document on HAL open archive server: https://hal.science/hal-00610221
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    References listed on IDEAS

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    1. David J. Pannell & Steven G.M. Schilizzi (ed.), 2006. "Economics and the Future," Books, Edward Elgar Publishing, number 3349.
    2. Heal, G., 1998. "Valuing the Future: Economic Theory and Sustainability," Papers 98-10, Columbia - Graduate School of Business.
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