Insurance providers in developing regions rarely offer the hazard insurance familiar to industrialized countries. Developing countries are particularly exposed to weather and catastrophic (CAT) risks such as droughts, earthquakes and windstorms due to poor infrastructure, dependence upon agriculture, low financial safety margins and lack of access to insurance. Insurance is a critical requirement for development as uninsured losses can lock entire...
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World Bank.
Developing Local Financial Markets (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099722108132435909