Philippine City Disaster Insurance Pool Rationale and Design
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Philippine City Disaster Insurance Pool Rationale and Design

SKU: 9789292614775

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Additional information

Full Title

Philippine City Disaster Insurance Pool Rationale and Design
Author(s)

Asian Development Bank
Edition
ISBN

9789292614775, 9789292614768
Publisher

Asian Development Bank
Format

PDF and EPUB

Description

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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