Catastrophe Insurance Market in the Caribbean Region : Market Failures and Recommendations for Public Sector Interventions
The Caribbean region suffers from a high
degree of economic volatility. A history of repeated
external and domestic shocks has made economic insecurity a
major concern across the region. Of particular concern to
all households, especially the poorest segments of the
population, is the exposure to shocks that are generated by
catastrophic events or natural disasters. The author
develops a conceptual framework for risk management and