Assessing Community Risk Insurance Initiatives and Identifying Enabling Policy and Institutional Factors for Maximizing Climate Change adaptation and disaster risk reduction benefits from risk insurance
|Project Summary||Several risk insurance initiatives have been implemented at grassroots level over the years for reducing the vulnerability of communities to natural disasters. Despite these efforts, the penetration of risk insurance in the developing Asia-Pacific is poor compared to many developed countries in the region due to several barriers that this sector is facing. Keeping this in view, this project aimed to assess the benefits accrued through community-level risk insurance experiences in the region, evaluate barriers limiting its penetration and identify interventions for greater risk insurance penetration leading to climate change adaptation and disaster risk reduction.|
|Project Leader||Dr. S.V.R.K. Prabhakar, |
Institute for Global Environmental Strategies, JAPAN
|Project Collaborators||Gattineni Srinivasa Rao (Mr., Dr.) |
Chief Operating Officer
EeMausam, Weather Risk Management Solutions
30605, Cedar Block, Indu Fortune Fields - Gardenia, KPHB Phase - 13 Near Hi-Tech City MMTS, Hyderabad, Andhra Pradesh, 500072 India.
Mobile: +91 9390003310,
Jay Cummins (Mr., Dr.)
International Agriculture for Development, Adelaide, Australia
Joy Jacqueline Pereira (Mrs., Dr.)
Southeast Asia Disaster Prevention Research Institute (SEADPRI), Universiti Kebangsaan Malaysia (UKM), Kuala
Lumpur, Malaysia. Tel: +603 – 8921 4153, Fax: + 603 – 8925 5104,
Email: email@example.com; firstname.lastname@example.org
Juan M. Pulhin (Mr., Dr.)
Professor and Dean
College of Forestry and Natural Resources, University of the Philippines Los Baños, Philippines.
Tel: +63-49-536-3996; Fax: +63-49-536-3206;
Email: email@example.com; firstname.lastname@example.org
|Countries Involved||Australia, India, Japan, Malaysia, Philippines|
|Project Duration||2 Years|
|APN Funds (US$)||76000|
|Year of Completion||2017|
|Project Output|| |
Prabhakar, S. V. R. K., Solomon, D. S., Abu-Bakar, A., Cummins, J., Pereira, J. J., & Pulhin, J. M. (2017). Case Studies in Insurance Effectiveness: Some Insights into Costs and Benefits (Research Report No. SEADPRI-2017-02). Malaysia: Southeast Asia Disaster Prevention Research Institute (SEADPRI). Retrieved from https://pub.iges.or.jp/pub/case-studies-insurance-effectiveness-some
Cummins, J., & Mitchell, I. (2017). Cost-benefit analysis of the risk insurance and other risk management strategies. Adelaide, Australia: International Agriculture for Development.
Cummins, J., & Mitchell, I. (2017). Promoting risk insurance and other risk management approaches in Australia. Adelaide, Australia: International Agriculture for Development.
Prabhakar, S. V. R. K., Ofei-Manu, P., Solomon, D. S., & Shivakoti, B. S. (2015). Evidence for climate change adaptation and disaster risk reduction synergies of interventions: An inductive approach. Bangkok, Thailand: Asia Pacific Adaptation Network.
Cummins, J., Lipman, A., & Feetham, H. (2014). Preliminary Focus Group Study: Australian Farmer Attitude to On-farm Risk Management and Insurance. Adelaide, Australia: International Agriculture for Development.
IGES, UKM-SEADPRI, UPLB, eeMausam, & IAFD. (2014). Evidence for disaster risk reduction and climate change adaptation effectiveness of insurance: Challenges and opportunities (IGES Workshop Proceedings). Hayama, Japan: Institute for Global Environmental Strategies.
Mia, M. S., Choi, E. A., Prabhakar, S. V. R. K., & Pereira, J. J. (2015). Disaster risks and insurance in the agriculture sector in Asia: A review. Journal of Food, Agriculture and Environment, 13(2), 245–249.
Prabhakar, S. V. R. K. (2016). Financial inclusion for risk reduction: Current evidence. Presented at the ACTS Workshop on Risk Management Innovations for Weather-Related Natural Disasters, 17-18th October, Taipei, Taiwan: APEC Research Center for Typhoon and Society.
Prabhakar, S. V. R. K. (2014). Insurance for long-term post-disaster recovery and adaptation. Presented at the International Conference on Mountain People Adapting to Change: Solutions Beyond Boundaries Bridging Science, Policy and Practice, Kathmandu, Nepal, 9-12 November 2014, Kathmandu, Nepal: ICIMOD.
Prabhakar, S. V. R. K. (2015). Risk insurance: addressing loss and damage. Asian Disaster Management News: Disaster Recovery: The Governance, Economics and Social Impacts, 22, 32–33.
Prabhakar, S. V. R. K., Pereira, J. J., Pulhin, J. M., Rao, G. S., & Cummins, J. (2015). Assessing the climate change adaptation and disaster risk reduction effectiveness of risk insurance approaches. APN Science Bulletin, 5, 46–47.
Prabhakar, S. V. R. K., Rao, G. S., Cummins, J., Pereira, J. J., & Pulhin, J. M. (2014). Scaling up risk insurance in the Asia-Pacific region: Issues and way forward. APN Science Bulletin, 4, 103–105.