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Before the impact

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<title>Before the impact</title>
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<namePart>Radu, Alin </namePart>
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<abstract displayLabel="Summary">Extreme weather and catastrophic events disproportionately impact the poor. More than 90% of the extremely poor live in politically fragile and environmentally vulnerable countries, and 94% of economic losses from natural catastrophes in low and middle-income countries between 1990 and 2016 were uninsured, so there is clear evidence of a protection gap for disaster risk. Innovation in disaster risk financing products will prove important in addressing that gap. Global Parametrics is developing index-based (or parametric) financing products that trigger a decision, financial in this case, based on crossing a predefined threshold that captures extreme weather or catastrophic</abstract>
<note type="statement of responsibility">Jerry Skees, Alin Radu</note>
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<topic>Seguros paramétricos</topic>
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<topic>Empresas de seguros</topic>
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<topic>Condiciones climáticas ambientales</topic>
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<topic>Protección de la naturaleza</topic>
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<topic>Seguro de riesgos extraordinarios</topic>
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<topic>Desastres naturales</topic>
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<topic>Pobreza</topic>
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<title>The Actuary : the magazine of the Institute & Faculty of Actuaries</title>
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<publisher>London :  Redactive Publishing, 2019-</publisher>
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<identifier type="local">MAP20200013259</identifier>
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<text>01/04/2020 Número 3 - abril 2020 , p. 38-39</text>
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