42103-012: Natural Catastrophe Risk Insurance Mechanisms for the Asia and Pacific Region

Project Data Sheet (PDS): Overview


The international community recognizes that risk transfer and sharing should be a central part of disaster risk management efforts. However, the institutional and regulatory requirements for a functioning insurance and reinsurance market are demanding and far from satisfied in Asia Pacific at present. Although the insurance sector is very active in many countries in the region, insurance penetration under commercial or government insurance schemes is low, and catastrophe insurance is non ... Read More

Country Regional
Project Number 42103-012
Type or Modality of Assistance Technical Assistance
Financing Public sector (Sovereign)
Status Closed
Approval Number TA No. 6474
Approval Date 06 Aug 2008
ADB Financing ($ thousand) 800
Geographical Location Asia and Pacific
Sector Finance
Subsector Insurance and contractual savings
Strategic Agendas Environmentally sustainable growth (ESG)
Inclusive economic growth (IEG)
Regional integration (RCI)


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