Natural Catastrophe Risk Insurance Mechanisms for Asia and the Pacific

Main Report

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Cover of the book Natural Catastrophe Risk Insurance Mechanisms for Asia and the Pacific by Asian Development Bank, Asian Development Bank
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Author: Asian Development Bank ISBN: 9789292547127
Publisher: Asian Development Bank Publication: January 1, 2015
Imprint: Asian Development Bank Language: English
Author: Asian Development Bank
ISBN: 9789292547127
Publisher: Asian Development Bank
Publication: January 1, 2015
Imprint: Asian Development Bank
Language: English

Natural catastrophes are a major threat to sustainable development, especially in Asia and the Pacific. The developing member countries of the Asian Development Bank (ADB) are particularly vulnerable. Catastrophe risk could be transferred through a regional public-private insurance partnership. This is the key finding of the ADB Conference on Natural Catastrophe Risk Insurance Mechanisms for Asia and the Pacific held in Tokyo in November 2008. This report answers questions on disaster risk management and how ADB can ease access to catastrophe risk transfer mechanisms. It suggests a regional approach as an appropriate mechanism to unlock resources needed to better manage risk.

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Natural catastrophes are a major threat to sustainable development, especially in Asia and the Pacific. The developing member countries of the Asian Development Bank (ADB) are particularly vulnerable. Catastrophe risk could be transferred through a regional public-private insurance partnership. This is the key finding of the ADB Conference on Natural Catastrophe Risk Insurance Mechanisms for Asia and the Pacific held in Tokyo in November 2008. This report answers questions on disaster risk management and how ADB can ease access to catastrophe risk transfer mechanisms. It suggests a regional approach as an appropriate mechanism to unlock resources needed to better manage risk.

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