Fig. 2: Results for the globally diversified optimal regional pools for the East Asia & Pacific (EAP), Latin America & Caribbean (LAC), South Asia (SA) and Sub-Saharan Africa (SSA) regions.
From: Increasing countries’ financial resilience through global catastrophe risk pooling
a shows risk diversifications of the four regional optimal pools (bars) and the Pareto optimal configurations of the globally diversified regional optimal pools (continuous lines). For the latter, all configurations are reported in gray and the best configuration for each region is highlighted in light green, orange, light blue or pink if it refers to the EAP, LAC, SA, or SSA region, respectively. The highest diversification for each region is indicated with a dot following the same coloring scheme. b–e show, for each region, the share of countries’ risk contributing to the regional optimal pool’s risk (bars) and the best globally diversified optimal regional pool’s risk (dots). Countries are reported with their ISO 3166-1 alpha-3 codes following the aforementioned coloring scheme. ISO codes reported in bold indicate countries that are present in more than one of the globally diversified optimal regional pool.
