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  • On March 20, 2007 in the conference-hall of the of the DIEPI IE RAS the session of the Academic Board "International Economic and Political Studies" was held. Sergey A. Sedov, Ph.D. (Econ.) made a statement on the subject "Assurance of Natural Calamities: World Practice and Russian Experience".

Natural calamities almost always become the reason of significant supplementary state budget expenses, especially in developing and small countries. At the same time, almost every now and then insurance market offers new instruments for distribution of such risks. Currently, developing countries start using such opportunities very cautiously. At the same time, the rise of insurance market lays the foundation for elaborating and adopting state budget which would be more sustainable to consequences of natural calamities. Review of different methods of risk distribution, analysis of new approaches to insurance of natural calamities in developing states and transition economies has been presented in the statement. An attempt to unveil most important problems, the insurance community, international financial institutions connected to the necessity of assuming part of state budget risks are facing, ways to solution of such problems basing upon Russia’s and foreign practical experience have been offered.

Journal "The World of Transformations" Журнал Мир перемен

NewThe next issue of the Journal "The World of Transformations", 2018, N 3 is preparing to be published.

Moscow, Presidium of the RAS,
October 28-29, 2010

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NewSet of Research Papers