Index based Insurance as a Tool for Disaster Management - A study in South and South East Asia

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Index based Insurance as a Tool for Disaster Management – A study in South and South East Asia

by Premasis Mukherjee and Sunil Bhat
Nov 25, 2013
1 min

At a recently concluded conference – Enhancing outreach for Micro Insurance – hosted by Sanasa Insurance Company Limited (SICL) in Sri Lanka, MicroSave’s Senior Analyst, Sunil Bhat, presented an index insurance study.

Speaking at the conference, Sunil highlighted how index insurance can be an effective tool for disaster management for the poor. He further discussed the progress and experiences of weather index insurance in 5 Asian countries – India, Pakistan, Sri Lanka, The Philippines and Indonesia. The presentation also touched on the challenges faced by index insurance and emphasised the potential for scaling it up.

The index insurance study is conducted by MicroSave in collaboration with Climate and Development Knowledge Network, UK (CDKN) in South and South East Asia. The CDKN is managed by an alliance of organisations led by PricewaterhouseCoopers LLP along with Fundación Futuro Latinoamericano, INTRAC, LEAD International, the Overseas Development Institute and South North. “