DRF on Natural Disasters

Across the developing world, nearly one in five people are at risk of climate disasters from which they will not fully recover. Access to insurance remains low in many countries, leaving billions of people without adequate protection. In developing countries, only about 10 percent of the direct economic costs of natural hazards are insured. Neither governments nor private industry alone is well-equipped to deal with growing disaster losses. Public-private partnerships are necessary for sustainable insurance markets and affordable solutions.