A Mutual Catastrophe Insurance Framework for Horizontal Collaboration in Prepositioning Strategic Reserves
提出一个相互巨灾保险框架，通过多期保险合同促进政策持有者横向合作，共同进行灾害储备，并用18个加勒比国家的飓风数据验证，对脆弱地区防灾有实际意义。
Improving Disaster Preparedness Through Mutual Catastrophe Insurance In “A Mutual Catastrophe Insurance Framework for Horizontal Collaboration in Prepositioning Strategic Reserves,” H. Zbib, B. Balcik, M.-È. Rancourt, and G. Laporte present an innovative approach to collaborative disaster preparedness. The novel framework considers a risk-averse mutual insurer offering multiyear insurance contracts with coverage deductibles and limits to a portfolio of risk-averse policyholders. It is designed to foster horizontal collaboration among policyholders for joint disaster preparedness by effectively integrating operational and financial functions. The problem is modeled as a large-scale nonlinear multistage stochastic program and solved by using an effective Benders decomposition algorithm. The framework is validated with real data from 18 Caribbean countries focusing on hurricane preparedness. Given the predicted impacts of climate change, the proposed multiyear mutual catastrophe insurance framework promises to reshape global disaster preparedness and make a profound societal impact by providing a transparent disaster financing plan to protect vulnerable regions. The study’s findings stress the importance of long-term cooperation, prenegotiation of indemnification policies, and strategic setting of deductibles and limits by taking into account the correlation between policyholders.