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Business Daily: 'Catastrophe Bonds' and Typhoon Haiyan

A child stands in a crowd waiting for flights out of Tacloban Airport in the Philippines. Credit: Chris McGrath/Getty Images

15/11/2013

'Catastrophe Bonds' and Typhoon Haiyan

BBC World Service - Business Daily, 'Catastrophe Bonds' and Typhoon Haiyan

Could 'catastrophe bonds' alleviate the cost of natural disasters like Typhoon Haiyan?

Could 'catastrophe bonds' alleviate the cost to developing nations of natural disasters such as Typhoon Haiyan in the future?

Dealing in disasters: Andrew Walker looks at catastrophe bonds. What are they? Could they alleviate the cost of future natural disasters like Typhoon Haiyan to developing nations such as the Philippines? We speak to Martin Bisping of the giant reinsurance company Swiss Re, a big player in this market, as well as financial journalist Louise Bowman.

Also in the programe, we speak to the head of Germany's state development agency. Set up in 1948 to help with the post-War reconstruction effort, it now serves one of the most developed countries on the planet, with famously gleaming infrastructure. So has the agency become something of an anachronism? 

And Lucy Kellaway presents part seven of her history of the office. This week, she tells all about sex and secretaries.

Picture: A child stands in a crowd waiting for flights out of Tacloban Airport in the Philippines. Credit: Chris McGrath/Getty Images

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