• ISSN: 2010-023X
    • Frequency: Bimonthly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Executive Editor: Ms. Cherry L. Chen
    • Abstracting/ Indexing: Engineering & Technology Digital Library, ProQuest, Crossref, Electronic Journals Library , EBSCO, and Ulrich's Periodicals Directory
    • E-mail: ijtef@ejournal.net
IJTEF 2012 Vol.3(4): 251-256 ISSN: 2010-023X
DOI: 10.7763/IJTEF.2012.V3.209

Insurance Models for Assessment of the Municipal Losses Due to Natural Disasters

Plamena Zlateva and Dimiter Velev
Abstract—Various insurance models for assessment of the possible possible financial losses for a municipality due to natural disasters. Risk situations which describe the possible financial losses of the monitored objects, are considered. The main components of the insurance models are discussed. The loss assessment results can support the municipal government to take more informed decisions for effective use of limited financial resources to activities in emergency situations. A concept for implementing the insurance models as a part of a Web integrated information system for risk management of natural disasters are outlined.

Index Terms—Insurance models, risk situation, loss assessment, municipal losses, natural disasters.

D. Velev is with the University of National and World Economy, Sofia 1700, Bulgaria (e-mail:dvelev@unwe.acad.bg).
P. Zlateva is with the ISER, Bulgarian Academy of Sciences, Sofia 1113, Bl. 2, Bulgaria (e-mail:plamzlateva@abv.bg).

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Cite:Plamena Zlateva and Dimiter Velev, "Insurance Models for Assessment of the Municipal Losses Due to Natural Disasters," International Journal of Trade, Economics and Finance vol.3, no.4, pp. 251-256, 2012.

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