SEEDRMAP meeting Geneva, June 2009 SECE CRIF

0
0
1778 days ago, 585 views
PowerPoint PPT Presentation
Establishing of the Regional Cooperation Council . Dispatched in February 2008 as the successor to the Stability Pact, the RCC gives another and locally claimed system for the nations of the SEE, the European Commission and the universal giver group to embrace activities of common enthusiasm for request to encourage further improvement of the SEE area. .

Presentation Transcript

Slide 1

SEEDRMAP gathering Geneva, June 2009 SECE CRIF Efrem Radev RCC Senior Expert on Security Issues www.rcc.int

Slide 2

Founding of the Regional Cooperation Council Launched in February 2008 as the successor to the Stability Pact, the RCC gives another and territorially possessed system for the nations of the SEE, the European Commission and the universal giver group to embrace undertakings of common enthusiasm for request to encourage assist advancement of the SEE district.

Slide 3

Who We Are? The RCC is a between legislative system which fills in as the operational arm of the South Eastern Europe Cooperation Process (SEECP). The RCC has 45 individuals, including singular nations, worldwide associations and global budgetary organizations.

Slide 4

What We Do? Encouraging provincial collaboration in South Eastern Europe Helping to quicken changes in the area Supporting duties and attempts with respect to European and Euro-Atlantic incorporation Encouraging the EU and global group to take part in the district; advancing giver association and coordination.

Slide 5

Agenda What is SECE CRIF? What will guarantee the achievement? Why RCC Supports SECE CRIF? Territorial versus National WHY does the Initiative need Donor bolster?

Slide 6

What is SECE CRIF? South East and Central Europe Catastrophe Risk Insurance Facility

Slide 7

Main components of SECE CRIF What is SECE CRIF? Fiasco reinsurance pool claimed by SECE nations whose sole target is to expand the quantity of homes and SMEs safeguarded against catastrophic events in the part states by the private protection showcase. What dangers will it cover? EQ and Flood Why might governments claim a reinsurance organization? To encourage interest for private disaster protection through proactive strategies, for example, open data and mindfulness building efforts, imparting trust in customers, and so forth

Slide 8

Why can't the market do this all alone?

Slide 9

Wouldn't participation in CRIF be against the market rivalry Articles of the Stabilization and Association Agreement with EU? … to the degree this program (or state help to this program) may: (i) question, forestall , confine or twist rivalry; A : CRIF won't avert, restict or misshape rivalry in the protection advertise as private insurance agencies will keep offering their current calamity protection items as before; cooperation in the program will be deliberate and evaluating of the protection items will be in accordance with the stamp et . (ii) manhandle its predominant position in the regions of the Community or SEE nations ; A : There will be no mishandle; CRIF will be a fairly little wander contrasted with the primary other re protection players in the market . (iii) contort or undermines to twist rivalry by favoring certain endeavors or certa in items. A : G overnment commitments toward CRIF value will be little and irrelevant contrasted with the general measure of hazard capital required by the program - yet and, after its all said and done the reinsurance premium charged by CRIF will represent the full cost of value capital contributed by governments at the overall market rate.

Slide 10

What is the leave technique for government shareholders? Government shareholders will have the capacity to offer up to 30% of their shares in 3 years from the beginning of SECE CRIF operations and up to 100% inside 5 years to private financial specialists. Upon leave government shareholders will get in any event everything of their main value commitment in addition to collected intrigue.

Slide 11

What will be the advantages for both customers and neighborhood safety net providers offering remain solitary fiasco protection strategies? Property holders in part nations will get access to reasonably evaluated dependable disaster protection scope, which will shield them from money related outcomes of common fiascoes. Local safety net providers taking part in the program will get (i) protection commissions from offers of new protection item; (ii) chance premium from fractional hazard maintenance; (iii) access to new customers; (iv) specialized help with evaluating, endorsing and chance administration of fiasco hazard from the Facility; (v) access to aggressively valued long haul reinsurance limit.

Slide 12

What will guarantee CRIF achievement?

Slide 13

1 Strong government responsibility Four bolts of accomplishment Strategic concentrate on expanding rates of feline scope in taking an interest nations Start-up circumstance... ... what's more, an unmistakable objective: Increased rate of protection scope Eventual privatization Minimum feline scope Low request Professional administration 2 Good administration 3 Professional administration 4 Sound protection controls

Slide 14

Why RCC Supports SECE CRIF? The venture is an obvious case of local participation It is one of the RCC need extends A model of territorial PPP Will have a high rate of social and monetary return

Slide 15

WHY ? Calamity Risk Insurance Facility in South East Europe One of the most seismically dynamic area of the world Highly defenseless against surges

Slide 16

Seismic Map of Europe Peak Ground Acceleration Map 475 years Return Period - Source: GSHAP

Slide 17

Regional versus National Diversification of Risk will diminish premium for mortgage holders and SMEs. Debacle protection for little nations may not pull in reasonable re-protection. There are significant economies of scale in exchanging the hazard through a local office. Nations gain from each other positive encounters. Nations will profit by composed World Bank UN ISDR and RCC help to the program.

Slide 18

The worldwide monetary and money related emergency The impacts of the emergency are beginning to be felt over the district. It will directly affect exchange, FDI, settlements, and the budgetary segment, and monetary development. Future advancement prospects may be further endangered by a noteworthy cataclysmic event.

Slide 19

The worldwide monetary and money related emergency Given the seriously compelled spending plans for crises SEE nations desperately need to put resources into PPPs in catastrophe hazard administration including hazard financing

Slide 20

WHY is the exertion beneficial? Unfavorable effects of characteristic dangers on nations' monetary dependability and full scale financial execution. Catastrophic events are progressively influencing the capacity of nations to palatable execute national financial projects. With the developing recurrence and seriousness of cataclysmic occasions, it is turning out to be progressively hard to take care of their financial expenses from repeating nation spending plans.

Slide 21

Albania, Bulgaria, Croatia, Montenegro, Bosnia and Herzegovina and Serbia are resolved to build up SECE CRIF. RCC, WB, EU, OECD and the UN ISDR completely bolster the Initiative. The Swiss Government has offered an excellent of $ 2,5 Million

Slide 22

WHY does the Initiative need Donor bolster ? Out of the Region emergency affect - The impacts of the emergency are beginning to be felt over the area. It will directly affect exchange, FDI, settlements, and the money related division, and financial development. Future advancement prospects may be further endangered by a noteworthy catastrophic event. Lacking nearby Budget assets Multiple impact of generally little benefactor bolster

Slide 23

Thank you for your consideration! Contact subtle elements: efrem.radev@rcc.int +387 33 561 700

SPONSORS