Natural catastrophe risk insurance mechanisms for Asia and the Pacific: Asian Devlopment Bank main report/

4-5 November 2008, Tokyo, Japan, Conference supported by the Asian Development Bank and the Ministry of Finance, Government of Japan.

Cover;
Contents;
Executive Summary;
Background and Credits;
Glossary of Terms;
Acronyms and Abbreviations;
Overview;
Historical Background;
Opportunities to Use Catastrophe Risk Finance and How ADB Could Best Facilitate the Process;


Fundamental Issues of Catastrophe Risk Finance in Asia and the Pacific;
Overview; Leveraging Insurance and Capital Markets Against Natural Catastrophes;
Are There Deficiencies in the Commercial Insurance Market's Coverage of the Asia and Pacific Catastrophe Risk and Does Risk Pooling Bridge the Gap?
Building Blocks of Catastrophe Insurance: Catastrophe Risk Models-Their Purpose and Importance
Catastrophe Insurance Triggers: What is the Best Fit for Asia and the Pacific?
Why Does it Matter?
What Initiates a Payment Under a Catastrophe Risk Insurance Policy?;


Applications of Catastrophe Risk Transfer Mechanisms in Asia and the Pacific;
Creating a Viable Risk Pool for the Pacific;
Overview;
Opening Addresses;
The Caribbean Catastrophe Risk Insurance Facility;
Pacific Catastrophe Risk Financing Initiatives;
Options for Catastrophe Risk Transfer in the Pacific Region.

Applications of Catastrophe Risk Transfer Mechanisms in Asia and the Pacific
Catastrophe Insurance for Megacities;
Objectives;
Background: Megacity Growth Introduces Disaster Risks that Merit Special Attention;
Overview: Tailoring Solutions for Each Megacity's Situation and Priorities;


Areas for Consideration;
Framework Statement;
Recommendations;

Appendixes;
Appendix I: List of Conference Papers;
Appendix II: Conference Report Summaries;


List of Figures;
Figure 1: Strengths and Weaknesses of the Public and Private Sector in Catastrophe Risk Management;
Figure 2: Example of a Risk Pool.
Figure 3: Trend in Annual Reports of Natural Disasters in the Pacific Islands
Figure 4: Munich Re's Megacity Risk Index;
Figure 5: Megacity Contribution to National GDP in Asia in 2005 and Projected for 2020;

List of Boxes;
Box 1: Report Highlight: Disaster Risk Management Principles;
Box 2: Report Highlight: The Hyogo Framework for Action;
Box 3: Report Highlight: Insurance-Linked Financial Products;
Box 4: Report Highlight: Credit Crisis Update;
Box 5: Report Highlight: Insured Catastrophe Losses in 2008.