Exploring the feasibility of private micro flood insurance provision in Bangladesh

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dc.contributor.authorAkter, Sonia
dc.contributor.authorBrouwer, Roy
dc.contributor.authorvan Beukering, Pieter
dc.contributor.authorFrench, Laura
dc.contributor.authorSilver, Efrath
dc.contributor.authorChoudhury, Saria
dc.contributor.authorAziz, Syeda Salina
dc.date.accessioned2015-12-10T23:22:54Z
dc.date.issued2011
dc.date.updated2020-12-06T07:19:03Z
dc.description.abstractThis paper aims to contribute to the debate on the feasibility of the provision of micro flood insurance as an effective tool for spreading disaster risks in developing countries and examines the role of the institutional-organisational framework in assisting the design and implementation of such a micro flood insurance market. In Bangladesh, a private insurance market for property damage and livelihood risk due to natural disasters does not exist. Private insurance companies are reluctant to embark on an evidently unprofitable venture. Testing two different institutional-organisational models, this research reveals that the administration costs of micro-insurance play an important part in determining the long-term viability of micro flood insurance schemes. A government-facilitated process to overcome the differences observed in this study between the nonprofit micro-credit providers and profit-oriented private insurance companies is needed, building on the particular competence each party brings to the development of a viable micro flood insurance market through a public-private partnership.
dc.identifier.issn0361-3666
dc.identifier.urihttp://hdl.handle.net/1885/66721
dc.publisherWiley-Blackwell
dc.sourceDisasters
dc.subjectKeywords: disaster management; flood damage; flooding; insurance system; public-private partnership; risk assessment; adult; article; attitude; Bangladesh; developing country; disaster; economics; female; flooding; government; health services research; human; infor Bangladesh; Flood insurance; Institutional design; Natural disasters; Viability
dc.titleExploring the feasibility of private micro flood insurance provision in Bangladesh
dc.typeJournal article
local.bibliographicCitation.issue2
local.bibliographicCitation.lastpage307
local.bibliographicCitation.startpage287
local.contributor.affiliationAkter, Sonia, College of Asia and the Pacific, ANU
local.contributor.affiliationBrouwer, Roy, Vrije Universiteit
local.contributor.affiliationvan Beukering, Pieter, Vrije Universiteit
local.contributor.affiliationFrench, Laura, University of London
local.contributor.affiliationSilver, Efrath, EcoPeace/Friends of the Earth Middle East
local.contributor.affiliationChoudhury, Saria, BRAC University
local.contributor.affiliationAziz, Syeda Salina, BRAC University
local.contributor.authoremailrepository.admin@anu.edu.au
local.contributor.authoruidAkter, Sonia, u4343277
local.description.embargo2037-12-31
local.description.notesImported from ARIES
local.identifier.absfor150303 - Corporate Governance and Stakeholder Engagement
local.identifier.absseo970114 - Expanding Knowledge in Economics
local.identifier.ariespublicationf2965xPUB1332
local.identifier.citationvolume35
local.identifier.doi10.1111/j.1467-7717.2010.01218.x
local.identifier.scopusID2-s2.0-79951605771
local.identifier.thomsonID000287448400001
local.identifier.uidSubmittedByf2965
local.type.statusPublished Version

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