The Theory and Practice of National Natural Disaster Insurance: Program Design Implications from an Australian Perspective

2019 ◽  
Author(s):  
Andrew C. Worthington
Keyword(s):  
Natural Disaster ◽  
Program Design ◽  
Theory And Practice ◽  
Disaster Insurance ◽  
Insurance Program

Index-Based Risk Financing and Development of Natural Disaster Insurance Programs in Developing Asian Countries

2014 ◽  
pp. 171-200 ◽  
Author(s):  
Sommarat Chantarat ◽  
Krirk Pannangpetch ◽  
Nattapong Puttanapong ◽  
Preesan Rakwatin ◽  
Thanasin Tanompongphandh
Keyword(s):  
Natural Disaster ◽  
Asian Countries ◽  
Disaster Insurance

Resource integration in liminal periods: transitioning to transformative service

2015 ◽  
Vol 29 (6/7) ◽  
pp. 485-497 ◽  
Author(s):  
Lilliemay Cheung ◽  
Janet R. McColl-Kennedy
Keyword(s):  
Natural Disasters ◽  
Natural Disaster ◽  
Market Economy ◽  
Value Creation ◽  
Design Methodology ◽  
Moral Economy ◽  
Theory And Practice ◽  
Resource Integration ◽  
Content Type ◽  
Service Logic

Purpose – The purpose of this paper is to introduce a transformative service logic-based framework designed to help researchers and practitioners better understand resource integration in liminal periods. Design/methodology/approach – Using netnography, we show how consumers across four countries integrate resources, adopting different value creation practices following natural disasters. Findings – The authors’ novel framework extends current conceptualizations of social and economic exchange. Following a natural disaster, a state of ‘liminality’ occurs when the market economy is temporarily displaced by the moral economy, transitioning to a new transformative service logic. Research limitations/implications – Important implications for theory and practice are discussed. Originality/value – This research proposes an organizing framework comparing the market economy logic and moral economy logic with the new transformative service logic.

scholarly journals Natural disaster insurance: public-private sector partnership

2019 ◽  
Vol 16 (4) ◽  
pp. 1084-1095
Author(s):  
Tülin Altun ◽  
Nevzat Güldiken
Keyword(s):  
Private Sector ◽  
Natural Disaster ◽  
Risk Mitigation ◽  
Private Insurance ◽  
Financial Risks ◽  
The Public ◽  
Insurance System ◽  
Disaster Insurance ◽  
Fiscal Incentives ◽  
Mandatory Participation

The public sector should intervene in the natural disaster insurance market in order to increase economic efficiency and social welfare. However the governments should not put at risk the sustainability of public finance by undertaking excessive financial risks. Therefore, public-private sector partnership practices in natural disaster insurance are on the agenda. Public-private partnerships can incorporate some of the advantages of both public insurance systems and private insurance systems. In such insurance systems, government guarantees, fiscal incentives, regulations and private sector expertise come together. The insurance systems established in public-private partnership sectors should be designed appropriately to ensure sustainability. A sustainable public-private insurance system should include mandatory participation, risk-based premiums, encouraging risk-mitigation activities, risk transfer mechanisms. NFIP, CEA, CATNAT, TCIP, CCS, JER are successful examples of public-private sector partnership. However, these insurance systems do not have all the features that a good insurance system should have.

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