Community-Based Disaster Insurance for Sustainable Economic Loss Risk Mitigation: A Systematic Literature Review

Community-Based Disaster Insurance for Sustainable Economic Loss Risk Mitigation: A Systematic Literature Review

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This systematic literature review (SLR) explores the role of Other Holiday community-based catastrophe insurance (CBCI) as a tool for sustainable economic loss risk mitigation.Utilizing bibliometric analysis and a literature review, this study aims to reveal the methods employed in CBCI schemes from a novel perspective, highlighting their effectiveness in mitigating catastrophe risks.The PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analyses) methodology was employed to systematically collect and analyze articles sourced from the Scopus, ScienceDirect, and Dimensions databases.The findings provide a comprehensive summary of the CBCI implementation, including various considerations such as risk-sharing mechanisms, premium determination, Electrical Parts and policy frameworks.

This research offers a fresh perspective on CBCI as a sustainable approach to catastrophe risk mitigation, contributing valuable insights to policymakers, practitioners, and researchers interested in community resilience and disaster risk management.