Comparative Analysis of Post-event Funding Sources

Abstract

Over time, extreme risk events have been constant, but the frequency and severity of these events have continued to increase over time, and their consequences often trigger economic and public health crises. Extreme risk events can also cause significant budgetary pressures, with a short-term impact on the fiscal field and a long-term impact on development. In order to reduce the economic impact of extreme events and to cope with the costs of humanitarian aid, recovery support and economic construction following an extreme event, it is necessary for the authorities to develop various strategies in advance. The article aims to identify optimal post-event/ post-crisis financing solutions, in order to mitigate the economic impact of extreme risk events. In this article were used qualitative methods, such as data processing and analysis, comparative analysis, documentation of reports, analysis of reference articles and presentation of conclusions.

Keywords

• source of financing
• insurance
• extreme event
• risk