DISASTER RISK SENDAI FRAMEWORK COUNTRIES & REGIONS THEMES HAZARDS KNOWLEDGE BASE
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Philippines

Philippines: Insurance program to boost natural disaster risk management

15 Aug 2017, WB

The Philippines government has launched a new catastrophe risk insurance program, supported by the World Bank and the U.K. Department for International Development. The insurance program has been initiated in response to the country's vulnerability to disasters and high expected annual disaster losses due to typhoons and earthquakes.





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Officially declared national coordinating multi-sectoral and inter-disciplinary mechanisms for advocacy, coordination, analysis and advice on disaster risk reduction.