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Image for Philippine City Disaster Insurance Pool: Rationale and Design
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Philippine City Disaster Insurance Pool: Rationale and Design

Asian Development Bank
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This report presents the rationale for and design of a city government disaster insurance pool in the Philippines.Insurance pools help governments enhance their financial preparedness for disasters, focusing on the provision of rapid post-disaster financing for early recovery.

The Philippine City Disaster Insurance Pool was developed under the guidance of the Department of Finance as part of the 2015 Disaster Risk Financing and Insurance Strategy.

It utilizes a parametric insurance structure, basing payouts on the occurrence of earthquakes and typhoons according to their physical features, rather than actual losses.

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Product Details
Asian Development Bank
9292614770 / 9789292614775
eBook (Adobe Pdf, EPUB)
01/12/2018
English
64 pages
Copy: 20%; print: 20%
JFFC Social impact of disasters, JKSR Aid & relief programmes, KCM Development economics & emerging economies, KCX Economic & financial crises & disasters, KFFN Insurance & actuarial studies
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