Governments in developing countries are currently pursuing the completion of rules and models of disaster insurance. This was done so they are not asking for assistance from any party to cope with disasters.
From the disaster insurance settlement, the possibility of a model that will be realized is disaster insurance by investing in catasthropic bonds (bonds of natural disasters)Preparation of disaster insurance plan will usually get a debate in parliament. Because the government in this case must pay a premium to compensate for the disaster. So expect the government to make the best possible mechanism to realize the policy is not to be used by parties who are not responsible.
Disaster insurance is needed in order to manage disaster losses so as not to burden the state budget. This has proven to earthquakes in Mexico. His government has bought the insurance, when an earthquake happens they can simply withdraw from the insurer.
Likewise with the Japanese, most of Japan's disaster losses have been paid through disaster insurance so that his government did not bother to seek aid funds. Although Japan though it was destroyed. But there was no intention to seek aid. There was no request for assistance from Japan.
Governments in developing countries can refer to these 2 countries, disaster insurance needs to be realized given the frequent disaster in many countries.
Friday, March 25, 2011
In order not to beg, the Government should prepare a Disaster Insurance
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