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Towards an “International Insurance Fund”: A Tool for Mitigation of Extra-Hazard Risks

Published online by Cambridge University Press:  29 August 2014

Yehuda Shenhav
Yehuda Shenhav*
Affiliation:
Faculty of Management, Tel-Aviv University
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Abstract

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In this paper, the establishment of a new insurance organization, the International Insurance Fund (IIF), is proposed. This organization should undertake to deal with extra-hazard risks which are beyond the capacity of both the commercial insurance industry and national governments. It is proposed that the IIF be designed along the basic lines of the International Monetary Fund (IMF) and its sister organizations.

The hypothetical scope of the IIF operations during recent years is illustrated. Certain practical aspects of its actual operations are discussed; some of them call for further examination.

Keywords

Major catastrophes“International Insurance Fund”Organization and Management
Type
Research Article
Information
ASTIN Bulletin: The Journal of the IAA , Volume 9 , Issue 3 , December 1977 , pp. 290 - 305
Copyright
Copyright © International Actuarial Association 1977

References

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[3]Shenhav, Yehuda, “The Case Against Traditional Insurance of Extra-hazard Risks,” The ASTIN Bulletin, Forthcoming.Google Scholar
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