disaster risk financing

The Philippines has secured a new catastrophe contingent line of credit, to support its management of the risks posed by natural disasters, with a $500 million Second Disaster Risk Management Development Policy Loan with a Catastrophe-Deferred Drawdown Option (CAT-DDO 2).

Asian governments continue to make efforts to promote and encourage the launch of new natural disaster and weather or climate insurance and reinsurance schemes, while trying to increase uptake of existing ones.

Sri Lanka has become the first South Asian country to sign up for an innovative disaster risk financing facility with the World Bank, gaining access to a $102m Development Policy Loan with a Catastrophe Deferred Drawdown Option (DPL with a CAT DDO).

The European Commission has launched a new green paper consultation process on the topic of natural and man-made disaster insurance and risk transfer. Part of a two-pronged strategy on climate change and adaptation, the EC sees the need for a wide and public debate on the adequacy and availability of existing disaster insurance options. The […]

The Inter-American Development Bank has been discussing new disaster risk financing instruments to assist countries in Latin America and the Caribbean to recover after major natural disaster or weather events. A disaster fund has been discussed and is one of the options on the table. Other instruments which have been discussed are contingent capital type […]

Since the February 2010 earthquake, the Chilean government has been actively looking for ways to improve their disaster risk financing both for the financial management of catastrophe risks and for their ability to recover post disaster. Last week the Organization for Economic Cooperation and Development (OECD) responded by holding a roundtable meeting on the Financial […]