Disaster Insurance in Developing Asia: An Analysis of Market-Based Schemes

Publication | September 2019

This working paper analyzes the status, types, and evolution of market-based disaster insurance schemes across developing Asia.

Well-designed insurance schemes can play an important role in increasing resilience to climate and disaster risks. However, the analysis shows that although the use of disaster insurance is expanding, many countries still have no cover available. Where insurance coverage does exist, there is often a reliance on premium subsidies and means to compel uptake, such as mandatory coverage and credit-linked products. The paper discusses how this “carrot or stick” approach affects the sustainability and penetration of climate and disaster risk insurance schemes and efforts to increase resilience.


  • Introduction
  • Context: Resilience and Insurance
  • Methods and Data
  • Current Landscape of Insurance for Disaster and Climate Risks in Asia
  • Insurance and Resilience
  • Discussion and Conclusion

Additional Details

  • Climate change
  • Promoting climate resilient development
  • Environment
  • Disaster Risk Management
  • Disasters
  • Finance sector development
  • Social development and protection
  • Social protection - social insurance programs
  • 40
  • 8.5 x 11
  • WPS190149-2
  • 2313-6537 (print)
  • 2313-6545 (electronic)

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