@article{Collier:125535,
      recid = {125535},
      author = {Collier, Benjamin and Skees, Jerry R.},
      title = {Increasing the Resilience of Financial Intermediaries  through Portfolio-Level Insurance against Natural  Disasters},
      address = {2012-08},
      number = {1007-2016-79652},
      pages = {32},
      year = {2012},
      abstract = {Financial intermediaries [FIs] in developing and emerging  economies are poorly equipped to manage natural disasters.  These events create losses for FIs, eroding capital  reserves and compromising their ability to lend.  Portfolio-level insurance against disasters can improve FI  management of these events. We model microfinance  intermediaries [MFIs] exposed to severe El Niño in Peru  that can now insure against this disaster risk. Our  analyses suggest that insurance allows these lenders to  manage this risk more efficiently and effectively. These  risk management improvements can translate into better  financial performance, expansion of banking service  outreach, lower interest rates, and reduced volatility in  access to credit. Based on these analyses, a large MFI in  Peru with which we collaborated is now managing its  disaster risk using El Niño insurance.},
      url = {http://ageconsearch.umn.edu/record/125535},
      doi = {https://doi.org/10.22004/ag.econ.125535},
}