Catastrophe Risk Modelling and Live Hazard Data for Parametric Risk Financing in Asia

This note is part of a program undertaken by the World Bank Disaster Risk Financing and Insurance Program in partnership with the Rockefeller Foundation to develop regional options for disaster risk financing for developing countries in Asia. Its findings are the product of technical work to identify, evaluate, and catalog catastrophe data suitable for disaster risk financing for selected Asian countries. Catastrophe data of appropriate quality and resolution are required to design financial policies, strategies, and mechanisms that respond effectively to disasters. Such data are typically available within catastrophe risk models for risk quantification, and as part of live data feeds on hazard occurrence for product structuring.