File(s) not publicly available
Using insurance instruments to improve disaster risk finance in Indonesia
journal contributionposted on 24.03.2020 by Chusu He, John Hillier, Alistair Milne, Seyoung Park, Robby Soetanto
Any type of content formally published in an academic journal, usually following a peer-review process.
This paper is an overview of how insurance instruments could be used in Indonesia to improve disaster risk finance (the arrangements for managing the financial consequences of disaster). We review the policy and research literature to describe the existing arrangements in Indonesia for preparing for and responding to disasters, including the efforts of an active Indonesian community mapping movement to fill in some of the major gaps in data that hinder the assessment of disaster risks. We argue that as a large geographically diverse middle-income country, Indonesia is well placed to employ insurance instruments for fairer and more predictable sharing of the financial burden of disasters. This could be through a combination of increased private insurance for households, firms and government agencies across the country and insurance-based arrangements for allocating government disaster relief funding and, when required for the largest high impact events, accessing international resources. This will, however, require careful implementation and a sustained effort to address gaps in data, skills and institutional capacity.
OTH NERC/ESRC Call Building resilience to natural disasters using financial instruments (AMilne)
- Architecture, Building and Civil Engineering
- Business and Economics
- Social Sciences
- Geography and Environment