Towards an “international insurance fund” A tool for mitigation of extra-hazard risks

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Abstract

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.

Original languageEnglish
Pages (from-to)290-305
Number of pages16
JournalASTIN Bulletin
Volume9
Issue number3
DOIs
StatePublished - Dec 1977

Keywords

  • International Insurance Fund
  • Major catastrophes
  • Organization and Management

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