Financial Protection for the Disaster Risk Management in Latin America

Abstract

As Latin America is a region frequently affected by disasters, vulnerability reduction mechanisms such as Financial Protection (FP) have been developed. The purpose of this research was to characterize the FP by reviewing official sources that made known the main actors involved, types of instruments, regulatory frameworks, advances and challenges. The main actors are multilateral organizations, private companies and national governments. The region does not have a common regulatory framework. The challenges focus on the articulation of the public and private sectors, on the creation of regulatory frameworks and the design of products for vulnerable groups.

Keywords

• américa latina, gestión del riesgo de desastres, transferencia del riesgo, protección financiera, reducción de la vulnerabilidad