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Policy Issues in Insurance
Insurance and Expanding Systemic Risks
OECD. Published by : OECD Publishing , Publication date:  19 Aug 2003
Pages: 264 , Language: English
Version: Print (Paperback) + PDF
ISBN: 9789264102897 , OECD Code: 212003041P1
Price:   €60 | $84 | £54 | ¥7800 | MXN1080
Availability: Out of print
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Other languages:  French (Out of print)
Other Versions:  E-book - PDF Format

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This volume is the fifth in a series devoted to major policy issues in insurance. It contains an in-depth analysis of the assessment, management and compensation of the so-called "expanding systemic risks", to which market players and insurers are exposed.

This comprehensive study responds to the growing concerns of economic, financial, political and social actors regarding the ever increasing exposure to new expanding risks. These risks are particularly related to natural disaster/environment pollution, technology, health and terrorism. For insurers the difficulty is encountered in adequately appraising and covering the potential liability stemming from these risks. It also sketches out some policy recommendations for decision makers in governments and in the business community on how to limit, prevent and manage such risks. In this perspective it will constitute a unique reference work for the attention of both OECD countries and emerging economies.

Table of contents:
Chapter 1. Cover and table of contents
Chapter 2. Introduction
Chapter 3. Expanding Liability for Systemic Risks?
Chapter 4. Insurability of Systemic Risks
Chapter 5. Remedies for Dealing with Expanding Liability for Systemic Risks
Chapter 6. Alternative Compensation Mechanisms and New Financing Techniques
Chapter 7. The Role of Government
Chapter 8. Recommendations
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