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Reservefonds gegen Naturkatastrophen auf nationaler und europäischer Ebene


  • Stefan Hochrainer


Catastrophe reserve funds are used to cover the potential costs of a disaster by capital accumulation. Based on examples in Europe, especially the national disaster fund in Austria and the European Solidarity Fund, the advantages and disadvantages of such a risk management instrument are shown and possible solutions are proposed. The main criticism is the non-risk based approach of these instruments. Methodologies how one can incorporate direct as well as indirect losses within a probability based approach are presented. Katastrophenfonds funktionieren nach dem Prinzip der Kapitalakkumulation. Sie werden teilweise auf nationaler und europäischer Ebene eingesetzt, um sich gegen die finanziellen Schäden, verursacht durch extreme Naturereignisse, zu schützen. Basierend auf Beispielen in Europa, wie dem österreichischen Katastrophenfonds sowie dem europäischen Solidaritätsfonds, werden die Vor- und Nachteile von Reservefonds aufgezeigt und mögliche Lösungsvorschläge für gegenwärtige Probleme präsentiert. Vor allem die nichtrisikobasierte Anwendung wird als Problem betrachtet. Es werden Methoden vorgestellt, wie ein wahrscheinlichkeitstheoretischer Ansatz aussehen könnte, um sowohl direkte als auch indirekte Schäden bei der Analyse mit einzubeziehen und daraus Strategien zu entwickeln, die sich langfristig als nachhaltig erweisen.

Suggested Citation

  • Stefan Hochrainer, 2008. "Reservefonds gegen Naturkatastrophen auf nationaler und europäischer Ebene," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 77(4), pages 69-79.
  • Handle: RePEc:diw:diwvjh:77-4-5

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    References listed on IDEAS

    1. Charlotte Benson & Edward J. Clay, 2004. "Understanding the Economic and Financial Impacts of Natural Disasters," World Bank Publications, The World Bank, number 15025, April.
    2. Arrow, Kenneth J & Lind, Robert C, 1970. "Uncertainty and the Evaluation of Public Investment Decisions," American Economic Review, American Economic Association, vol. 60(3), pages 364-378, June.
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    More about this item


    Nationale Reservefonds; Naturkatastrophen; Hochwasser; europäischer Solidaritätsfonds; österreichischer Katastrophenfonds; risikobasierte Ansätze;

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming


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