Does Remittance Receiving Households Prepared against Natural Disasters in Nepal?

Causes of Underinsurance against Natural Disasters

Why do relatively few individuals voluntarily purchase coverage against natural disasters? This question has important implications for public policy for two principal reasons: Uninsured victims of natural disasters may incur severe financial losses which will affect their future well-being. After a disaster the common lament is, "I wish that I had purchased insurance." General taxpayers may be...

Insurance against Losses from Natural Disasters in Developing Countries

This paper examines the recent experience with insurance and other risk-financing instruments in developing countries in order to gain insights into the effectiveness of these instruments in reducing economic insecurity. Insurance and other risk financing strategies are viewed as efforts to recover from negative income shocks through risk pooling and transfer. Specific examples of public-privat...

Natural Disasters

Does Uncertainty Reduce Growth? Using Disasters as Natural Experiments

A growing body of evidence suggests that uncertainty is counter cyclical, rising sharply in recessions and falling in booms. But what is the causal relationship between uncertainty and growth? To identify this we construct cross country panel data on stock market levels and volatility as proxies for the first and second moments of business conditions. We then use natural disasters, terrorist at...

Risk assessment for nuclear power plants against natural disasters

With the increasing tendency of natural hazards, the typhoon/hurricane/tropical cyclone induced surge, wave, precipitation and river flood as extreme external loads not only menace Nuclear Power Plants (NPP) in coastal areas, but also some inland territorial NPP. For all of planned, designed and constructed NPP the National Nuclear Safety Administration of China and International Atomic Energy ...