Advancing Disaster Risk Financing and Insurance in ASEAN Member States : Framework and Options for Implementation, Volume 1. Main report

This report is part of a project being jointly conducted by the World Bank, the Global Facility for Disaster Reduction and Recovery (GFDRR), the Association of Southeast Asian Nations (ASEAN) Secretariat, and United Nations International Strategy for Disaster Reduction (UNISDR). It aims to provide capacity building on disaster risk financing and insurance (DRFI) in ASEAN Member States. DRFI is a relatively new topic and, therefore, training and capacity building of local stakeholders is essential. Governments must understand the benefits and the limitations of disaster risk financing and insurance as part of their comprehensive Disaster Risk Management (DRM) strategies. This report presents main findings and recommendations on DRFI in the ASEAN region. Following the World Bank disaster risk financing and insurance framework, it consists of five chapters, including this introduction. Chapter two presents a preliminary economic and fiscal risk assessment of natural disasters in ASEAN Member States. Chapter three provides an overview of the fiscal management of natural disasters currently implemented by ASEAN Member States. Chapter four reviews the state of the private catastrophe insurance markets, including property catastrophe risk insurance, agricultural insurance, and disaster micro-insurance. Chapter five identifies five main recommendations for strengthening the long-term financial and fiscal resilience of ASEAN Member States against natural disasters, as part of their broader disaster risk management and climate change adaptation agendas.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2012-04
Subjects:	ACCOUNTING, ADB, AGENTS, AGRICULTURAL INSURANCE, APPLICATIONS, BROKERS, BUDGET SURPLUS, CAPITAL MARKETS, CATASTROPHES, CATASTROPHIC EVENTS, CATASTROPHIC LOSSES, CIVIL DEFENSE, CLIMATE CHANGE, CONTINGENCY PLANNING, CONTINGENCY PLANS, CONTINGENT LIABILITIES, CONTINGENT LIABILITY, CRED, DAMAGE ASSESSMENT, DAMAGE ASSESSMENTS, DAMAGES, DEBT, DECLARATION, DEVASTATION, DEVELOPMENT NETWORK, DISASTER, DISASTER EVENT, DISASTER EVENTS, DISASTER MANAGEMENT, DISASTER PREPAREDNESS, DISASTER RECONSTRUCTION, DISASTER REDUCTION, DISASTER RELIEF, DISASTER RESPONSE, DISASTER RISK, DISASTER RISK REDUCTION, DISASTER RISKS, DROUGHT, DROUGHTS, EARLY WARNING, EARLY WARNING SYSTEMS, EARTHQUAKE, EARTHQUAKES, EMERGENCY PLAN, EMERGENCY PREPAREDNESS, EMERGENCY RELIEF, EMERGENCY RESPONSE, ERUPTION, EXTREME EVENTS, FARMERS, FINANCIAL INSTITUTIONS, FINANCIAL MANAGEMENT, FINANCIAL RISK, FLOOD, FLOODING, FLOODS, FOREST FIRE, FOREST FIRES, HEAVY RAINFALL, HOUSING, IMPACT EVENTS, IMPACT OF DISASTERS, INFLATION, INFORMATION DISSEMINATION, INSURANCE, INSURANCE CONTRACTS, INSURANCE COVERAGE, INSURANCE INDUSTRY, INSURANCE MARKETS, INSURANCE PLANS, INSURANCE PREMIUMS, INSURANCE PRODUCTS, INSURED LOSSES, INSURER, INSURERS, INTERNATIONAL STRATEGY FOR DISASTER REDUCTION, INVENTORY, LANDSLIDES, LOCAL GOVERNMENT, LOCAL GOVERNMENTS, MACROECONOMIC CONDITIONS, MICROFINANCE, MICROINSURANCE, MINISTRIES OF FINANCE, MITIGATION, MITIGATION MEASURES, NATURAL DISASTER, NATURAL DISASTERS, NATURAL HAZARDS, NET LOSSES, OPERATING COSTS, PRIVATE CATASTROPHE INSURANCE, PROGRAMS, PUBLIC AGENCIES, PUBLIC FINANCE, RATES, REGULATORY SYSTEMS, REINSURANCE, REINSURER, REINSURERS, RELIEF, RELIEF OPERATIONS, RESCUE, RESCUE SERVICES, RESERVES, RESOURCE MOBILIZATION, RISK ASSESSMENT, RISK ASSESSMENTS, RISK DIVERSIFICATION, RISK EXPOSURE, RISK FACTORS, RISK INSURANCE, RISK MANAGEMENT, RISK MANAGEMENT SYSTEM, RISK MITIGATION, RISK PROFILES, RISK TRANSFER, SAFETY, SAVINGS, SEARCH AND RESCUE, SEARCH AND RESCUE SERVICES, SOCIAL SECURITY, STATISTICAL ANALYSIS, STORMS, SUBSIDIARY, SUPERVISORY FRAMEWORK, TECHNICAL COOPERATION, TRANSACTION COSTS, TROPICAL CYCLONES, TROPICAL STORM, TSUNAMI, TYPHOON, TYPHOONS, UNDERWRITING, URBANIZATION, VOLCANIC ERUPTIONS, VOLCANO, VOLCANOES,
Online Access:	http://documents.worldbank.org/curated/en/2012/04/16541960/advancing-disaster-risk-financing-insurance-asean-member-states-framework-options-implementation-vol-1-2-main-report https://hdl.handle.net/10986/12627
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