@inproceedings{Koch2021,
  author    = {Wolfgang Koch},
  title     = {Trend in sovereign cat pools in emerging and developing economies},
  organization    = {TH Koeln},
  doi       = {10.57683/EPUB-2117},
  url       = {https://nbn-resolving.org/urn:nbn:de:hbz:832-epub4-21174},
  year      = {2021},
  abstract  = {In recent years, three sovereign catastrophe risk pools have developed worldwide, offering climate insurance against natural disasters in emerging and developing economies: • Caribbean Catastrophe Risk Insurance Facility (CCRIF) in the Caribbean • African Risk Capacity (ARC) in Africa • Pacific Catastrophe Risk Insurance Company (PCRIC) in the Pacific region These pools have emerged against the backdrop of limited fiscal room for manoeuvre in emerging and developing economies. Increases in tax revenues or capital allocations are scarcely possible in these economies. Moreover, debt on the capital market often ends in debt relief, and this can jeopardise refinancing. Ultimately, the only measure remaining is to provide donations and aid that can be made available by the G7 countries, the World Bank or the World Health Organization, among others.},
  language  = {en}
}