Philippine City Disaster Insurance Pool Read more about Philippine City Disaster Insurance Pool This presentation shares details about the Philippine City Disaster Insurance Pool (PCDIP), a project which aims to provide seed capital to a pooled insurance company from which cities purchase parametric insurance. It was piloted in ten cities in the Philippines, one of the world's most disaster-prone countries. PCDIP aims to complement existing disaster risk reduction finance institution to enable more cities to become financially prepared for any calamity.
National Disaster Risk Management Fund (NDRMF) – Pakistan Read more about National Disaster Risk Management Fund (NDRMF) – Pakistan The National Disaster Risk Management Fund (NDRMF) is a government-owned, not-for-profit, non-bank financial intermediary in Pakistan. It provides grants to subprojects that contribute to enhanced resilience to extreme weather and geophysical hazards (DRR) and strengthen the government’s ability to quickly respond to disasters triggered by natural hazards (DRF). This presentation provides details on the the fund's operation, as well as its most recent outputs and the challenges it faced.
Introduction to Disaster Risk Financing and ADB’s Initiative to Enhance Disaster Resilience Read more about Introduction to Disaster Risk Financing and ADB’s Initiative to Enhance Disaster Resilience Many countries in Asia suffer from significant disaster loss. From 2007 to 2016, over 321,907 lives have been lost and 1.7 billion people have been affected. Disaster-risk financing arrangements must be improved lest build back better opportunities may be foregone.
Strengthening the Enabling Environment for Disaster Risk Financing Read more about Strengthening the Enabling Environment for Disaster Risk Financing Disaster risks pose a serious threat to the sustainability of many countries in the Asia-Pacific. Innovative approaches and solutions to disaster risk financing are urgently needed. The Regional Forum on Strengthening the Enabling Environment for Disaster Risk Financing: Options for Enhancing Financial Resilience will provide a venue for cross-country learning and dialogue on strengthening technical knowledge on disaster risk financing (DRF). It will also enable participants to forge regional partnerships to generate knowledge on good DRF practices.
Insurance Industry Solutions for Disaster Risk Financing Read more about Insurance Industry Solutions for Disaster Risk Financing There is a pressing need to address the vulnerability of many Asian economies to catastrophe risk. Commitment and prioritization can lead to major economic and social benefits. Aon Benfield is in a unique position to help in the development of catastrophe pools.
International Insurance Seminar: In Pursuit of a More Resilient and Inclusive Insurance Sector Read more about International Insurance Seminar: In Pursuit of a More Resilient and Inclusive Insurance Sector Asian financial markets are at various stages of development and sophistication. Most financial systems are still dominated by banks, reflecting a lack of capacity in the region's non-banking sectors and capital markets. A non-diversified financial sector also represents a risk in terms of the inability to deal with financial shocks and periods of uncertainty. The growth and development of the insurance and pensions sector, therefore, deserves greater policy priority.