PCRAFI Advancing Disaster Risk FinancingInsurance In The Pacific

Pacific Island Countries (PICs) face many common challenges in their efforts to utilize disaster risk financing instruments.

The Pacific Disaster Risk Financing and Insurance (DRFI) Program under the Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI) has generated discussion at a regional level in order to help countries address their common challenges.

Based on that discussion, the following recommendations have been developed for consideration. 1.) Develop an integrated disaster risk financing and insurance strategy.

  1. Develop a post-disaster budget execution manual to improve awareness of post-disaster procedures and processes

  2. Explore the use of contingent credit to access additional liquidity post-disaster

  3. Develop an insurance program for key public properties.

  4. Develop a regional framework for DRFI.

Data and Resources

Additional Info

Topic Geoscience
Creator
  • PCRAFI
Publisher
  • World Bank
Date
  • 2015-06-26T06:01:15Z
Identifier
  • 2f91a3ce-1f7b-11e5-8f38-0050569e0007
Source
  • Pacific Risk Information System
Member countries Other