Work

Community-Based Disaster Insurance for Sustainable Economic Loss Risk Mitigation: A Systematic Literature Review

Year: 2024

Type: review

Abstract: This systematic literature review (SLR) explores the role of community-based catastrophe insurance (CBCI) as a tool for sustainable economic loss risk mitigation. Utilizing bibliometric analysis and a literature review, this study aims to reveal the methods employed in CBCI schemes from a novel perspective, highlighting their effectiveness in mitigating catastrophe risks. The PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analyses) methodology was employed to systematically collect and analyze articles sourced from the Scopus, ScienceDirect, and Dimensions databases. The findings provide a comprehensive summary of the CBCI implementation, including various considerations such as risk-sharing mechanisms, premium determination, and policy frameworks. This research offers a fresh perspective on CBCI as a sustainable approach to catastrophe risk mitigation, contributing valuable insights to policymakers, practitioners, and researchers interested in community resilience and disaster risk management.

Source: Risks

DOI: 10.3390/risks12100158

Authors: Titi Purwandari, Hilda Azkiyah Surya, Riaman, Yuyun Hidayat, Sukono, Moch Panji Agung Saputra

Institution: Padjadjaran University

Language: English

Topic: Insurance and Financial Risk Management

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: gold

Estimated APC paid: $2,046

Funder: Kementerian Pendidikan dan Kebudayaan