Fig. 3: Results of the regional and global optimal extensions of the Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI) and the Caribbean Catastrophe Risk Insurance Facility (CCRIF).
From: Increasing countries’ financial resilience through global catastrophe risk pooling
a shows risk diversifications of the original pools (bars), the regionally (yellow cross) and globally (solid lines) diversified pools. Regarding the latter, all Pareto optimal configurations are reported in gray and the selected one (namely the one leading to the highest diversification for PCRAFI) is highlighted in purple. b–e show the shares of countries’ risk contributing to the original PCRAFI’s (b–d) and CCRIF’s (c–e) risks and to their regionally (b–c) and globally (d–e) diversified pool’s risks. Countries are reported with their ISO 3166-1 alpha-3 codes, and they are colored light green, orange, light blue or pink if they respectively belong to the East Asia & Pacific (EAP), Latin America & Caribbean (LAC), South Asia (SA) or Sub-Saharan Africa (SSA) region.
