Mechanism of Government Funding in case of Disasters and the Insurance as an additional alternative in Bulgaria Lilyana Todorova Ministry of Interior,

Slides:

Advertisements

Similar presentations

Advertisements

SOUTH EASTERN EUROPE DISASTER RISK MANAGEMENT INITIATIVE (SEEDRMI) European National Platforms and HFA Focal Points Strasbourg, 7 May 2007.

Budgetary aspects of the Macedonian Pension Reform Zorica Apostolska Director, MAPAS April 9, 2008 Bucharest Agency for supervision of Fully Funded Pension.

Transitioning from Relief to Recovery: What We Must Learn from the Past Margaret Arnold Program Manager, Hazard Management Unit The World Bank ECOSOC Panel.

GOVERNMENT OF THE REPUBLIC OF SERBIA MINISTRY OF FINANCE FISCAL MEASURES AIMED TO INCREASE EMPLOYMENT, SOCIAL SECURITY AND POVERTY REDUCTION.

National Presentation Republic of Serbia SEMINAR: Insurance as a method for Disaster Risk Reduction in SEE April 2013 Berovo, Macedonia.

Annual Growth Survey What is the AGS? A communication, which sets out the economic and social priorities for the EU in 2013 Launches the next European.

AGRICULTURE DIALOGUE Dakar, July 2013 Mali presentation.

Coping with the financial impact of disasters: a macro-perspective Insurance as a method for Disaster Risk Reduction in SEE Macedonia, April 2013.

FIAR International Insurance- Reinsurance Forum 2013 Nat Cat mitigation programs in Bulgaria Roumen Galabinov.

Company Name PRESENTATION NAME Compilation and Dissemination of Energy Statistics International Workshop on Energy Statistics, Beijing, Sep 2012 International.

Capital Budgeting Cash Flow

Joint Borough / School District Meeting Preliminary Budget Discussion January 9, 2014.

Effects on UK of Eustatic sea Level rise GIS is used to evaluate flood risk. Insurance companies use GIS models to assess likely impact and consequently.

Ani Shakarishvili, MD UNAIDS Country Coordinator in Ukraine AIDS 2012, Washington, DC – 23 July, 2012 Ensuring the financial sustainability of the national.

Public Debt Management with emphasis on PPP 1 Ministry of Finance 08 th Dec 2014.

Security and Empowerment for Women and their Families: Ensuring a Gender- Responsive Humanitarian and Early Recovery Response in Haiti.

FISCAL ACCOUNTABILITY OF STATE GOVERNMENT Presentation Prepared for the Appropriations Committee and the Finance, Revenue, and Bonding Committee by the.

PERSONAL FINANCIAL MANAGEMENT

Finance Committee Budget Overview April 26, 2010.

Lecture No. 3 Insurance and Risk.

Financial Strategies for Managing the Economic Impacts of Natural Disasters1 11 The Economic Impacts of Natural Disasters on Developing Countries Session.

1 “Environmental Auditing in the Republic of Macedonia” “Environmental Auditing in the Republic of Macedonia” State Audit Office Nada Sekulovska Gorast.

National Disaster Risk Management Program NDRMP Belgrade, March

FINANCIAL DECISIONS AND GOALS

Lebanon Introduction Based on studies of its past disasters, Lebanon can be considered as a country vulnerable to earthquakes because of some.

37 th OESAI Conference David Lesolle University of Botswana.

Financial Planning. More than budgeting More than investing Financial planning is a thinking process that helps achieve goals. A blueprint or plan for.

© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 6 SLIDE Becoming an Entrepreneur Small Business.

Catastrophic Events in Italy: Insurance Coverage and State Intervention.

M UNICIPAL O RIENTATION The Finance Function Scott Ryan, February 17, 2007.

Bernice S. Ofosu-Baadu Ghana statistical Service EN/ADM/2014/Pres/21.

Disaster Preparedness and Prevention Initiative for South Eastern Europe DPPI SEE Seminar on Strengthening Cooperation with Candidate Countries and Western.

GENERAL GOVENMENT SECTOR OF THE REPUBLIC OF ARMENIA Workshop on implementation of the 2008 SNA in EECCA countries and linkages with BPM6 and GFSM 2014.

Annual Growth Survey What is the AGS? A communication, which sets out the economic and social priorities for the EU in 2013 Launches the next European.

Initiative 601: Experience and Context Presentation to the House Finance Committee by the Office of Financial Management Victor Moore, Director Irv Lefberg,

Damage and Losses Evaluation in Cases of Disasters An Introduction to the ECLAC methodology J. Roberto Jovel, Consultant.

Roumen Galabinov Chairman. Currently about 8% of the 3.6 million homes in Bulgaria are insured against natural disasters as earthquakes and floods. Although.

Chapter 2 Insurance and Risk

Copyright © 2011 Pearson Education. All Rights Reserved. Chapter 2 The Insurance Mechanism.

2010 Municipal Budget - Appropriation Trends EXPENDITURES Salaries & Wages $16,489,515 $17,007,9843.1% $17,224,6141.3% $16,196, %

Marketing Process. 1:Marketing planning Marketing planning is a process by which marketing objectives are identified and decided upon. Marketing objectives.

Financing of industrial brownfield regeneration in Romania Ciolacu Dragos, Nicolas Samson „This project has been funded with support from the European.

OPERATIONAL PROGRAMME ENVIRONMENT EUROPEAN FUNDS European Commission Representation in Bulgaria Sofia,

EARTHQUAKE INSURANCE MANAGEMENT IN CHINA China Insurance Regulatory Commission DEC 9 ， 2005.

Financial Strategies for Managing the Economic Impacts of Natural Disasters1 11 Financing Mechanisms for Pro-active Disaster Risk Management for the Public.

Follow up PDNA actions Chisinau, September 30, State Chancellery Government of Moldova.

Moldova Floods Joint Government and Development Partners response Chisinau, July 29, State Chancellery Government of Moldova.

A vision for the Bulgarian waste sector National Waste Work Shop Plovdiv, 24 November 2008 Carsten Rasmussen Deputy Head of Unit European Commission DG.

Financing the 2013 Program-Budget (Revised 26 April 2012) Secretariat for Administration and Finance.

Financial Planning. Journal 2/2/2016 How does supply and demand affect the economy? Explain how the law of supply works? How does the law of demand?

The Economic Impacts of Natural Disasters on Developing Countries Authors: J. L. Bayer and R. Mechler.

1 Financing in water sector - times of change Antti Tooming Ministry of the Environment / Water department, Head of Project bureau 19/05/2016.

1 Budget Presentation Fiscal Year 2011 May 10, 2010.

Country experience: Thailand.

Chapter 2 Insurance and Risk

Recovery and Reconstruction in India: Future Directions

Financial Planning.

Financial Planning.

Financial Planning.

What future for supplementary Health Funds?

Illustrative Health Reform Goals and Tracking Performance

Global Initiative for Fiscal Transparency workshop

Budget Monitor Citizen Participation in Supervision of Public Finances

YEAR 2011 BUDGET JUSTIFICATION

Bulgaria – Evolution in the Development of the Medium-Term Budgetary Framework Zagreb, Croatia | May 2018.

Integrated Strategy for Financing Disaster Risk

California’s Fiscal Outlook

Bulgaria – Capital Budgeting And Fiscal Institutions

Dr Reda Sirgediene, MoI, Lithuania

Presentation transcript:

Mechanism of Government Funding in case of Disasters and the Insurance as an additional alternative in Bulgaria Lilyana Todorova Ministry of Interior, Bulgaria Ralitsa Raycheva Ministry of Finance, Bulgaria Presentation to the Seminar „Insurance as a method for Disaster Risk Reduction in SEE” April 24, 2013: Berovo, Macedonia

The state budget financing of all activities related to disaster in Bulgaria: Funding of already planned expenditure in the budget of the relevant ministries and municipalities - prevention expenditure and the operating expenses Funding of expenditure that cannot be predicted - recovery expenses in case of disasters as earthquake, floods, fires, etc.

The amounts of the Reserve for Unpredictable and Urgent Expenses connected with disasters consequences for the last five years:

Interagency Commission for Recovery and Relief to the Council of Ministries: The Commission is a permanent organization The victims of disasters have to apply for funding from the Commission The Commission decides which sites to be funded and how much to be spend Criteria for assessment of applications

Global economy: The recovery of the global economy in 2012 Continues with a slower pace - Process of fiscal consolidation Alternative funding - Insurance companies

The floods in Bulgaria in 2005 and 2006: Most significant floods for the last 50 years International humanitarian assistance provided 7.08.2005 4-6.08.2005 23.06.2006

Strazhitsa earthquake in 1986: 8.9 Richter Destroyed 80 percent of buildings Casualties

Insurance Companies and Natural Disasters in Bulgaria: from 20 insurance, 19 provide coverage of risks against "flood" and "earthquake" combined risk tariff rate for the risk of earthquake 8.5% of the total housing in Bulgaria are insured against risk of earthquake

The Insurance is beneficial for: The Government – reduces the amount of government funds Insurers – sales of insurance services are increased Affected population of natural disasters - receive financial resources

Share of Gross Premium Income of Natural Disasters Insurance

Conclusions: The state funds are insufficient Establishing an insurance culture Quality and create opportunities to secure the insurance services Analysis and assessment of the legislations related to the Natural Disaster’ Insurance

THANK YOU FOR YOUR ATTENTION!