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
|Type or Modality of Assistance||
|Financing||Public sector (Sovereign)|
TA No. 6474
|Approval Date||06 Aug 2008|
|ADB Financing ($ thousand)||800|
|Geographical Location||Asia and Pacific|
|Subsector||Insurance and contractual savings|
Environmentally sustainable growth (ESG)
Inclusive economic growth (IEG)
Regional integration (RCI)
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