Advancing Risk Financing and Insurance in ASEAN Member States: Framework and Options for Implementation (Volume 1)

This report is the result of collaboration among the ASEAN Secretariat, the World Bank, the Global Facility for Disaster Reduction and Recovery (GFDRR), and the UNISDR. It examines the role of DRFI in the financial resilience of ASEAN Member States against natural disasters. The report looks at many facets of DRFI, reviewing domestic private catastrophe insurance markets, assessing contingent disaster liabilities of ASEAN Member States, and analyzing fiscal arrangements for funding of disasters. It highlights opportunities to reduce financial and fiscal vulnerability through the development of disaster risk financing and insurance strategies and market-based financial products.