42103-012: Natural Catastrophe Risk Insurance Mechanisms for the Asia and Pacific Region

Project Data Sheet (PDS): Overview


Description

The international community recognizes that risk transfer and sharing should be a central part of disaster risk management efforts. However, the institutional and regulatory requirements for a functioning insurance and reinsurance market are demanding and far from satisfied in Asia Pacific at present. Although the insurance sector is very active in many countries in the region, insurance penetration under commercial or government insurance schemes is low, and catastrophe insurance is non ... Read More

Country Regional
Project Number 42103-012
Type or Modality of Assistance Technical Assistance
Financing Public sector (Sovereign)
Status Approved
Approval Number TA No. 6474
Approval Date 06 Aug 2008
ADB Financing ($ thousand) 800
Geographical Location Asia and Pacific
Sector Finance
Subsector Insurance and Contractual Savings

 

 

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Project Data Sheets (PDS)

Responsible ADB Officer
Neil R. Britton
Request for information

Responsible ADB Department
Regional and Sustainable Development Department

Responsible ADB Divisions
Public Management, Governance and Participation Div., RSDD

Executing Agencies
Asian Development Bank

PDS Creation Date
08 May 2008

Last PDS Update
03 Feb 2014

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