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Philippine City Disaster Insurance Pool

Rationale and Design

Asian Development Bank (author)

ISBN: 9789292614768

Publication Date: Dec 2018

Format: Paperback

Presents the rationale for and design of a city government disaster insurance pool in the Philippines. The Philippine City Disaster Insurance Pool utilizes a parametric insurance structure, basing payouts on the occurrence of earthquakes and typhoons according to their physical features, rather than actual losses.
£16.50

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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.
Pages 64
Dimensions 280 x 216
Date Published 30 Dec 2018
Publisher Asian Development Bank
Subject/s Financial crises & disasters   Development economics   Development studies   Urban & municipal planning   Social impact of disasters  

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