First insights: Landscape of Climate and Disaster Risk Insurance (CDRI) in Asia and the Pacific

• by MSC
• Nov 4, 2019
• 1 min
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The report presents an analysis of the current status of climate and disaster risk insurance (CDRI) in the Asia Pacific region with a greater focus on four key markets of Bangladesh, Indonesia, the Philippines, and Vietnam because of their high vulnerability to disasters

MSC, supported by Insuresilience Global Partnership, GIZ RFPI Asia and the MEFIN network, has undertaken a landscape study of Climate and Disaster Risk Insurance in Asia-Pacific. The study of 22 countries in the region reveals that these countries have put in place climate and disaster risk management frameworks, though insurance has only recently begun to be recognized as a key disaster risk financing tool. Sovereign risk transfers and other insurance mechanisms in the region cover, directly or indirectly, over 212 million lives, that still leaves more than 91 % of the region without any cover disaster risks. This document presents the first findings of the study and the full report will publicly available in Q1 of 2020.