Parametric earthquake cover for micro-finance launched in Indonesia

Source(s): Artemis

Reinsurance firm Swiss Re, with partners PT Asuransi Wahana Tata (Aswata) and Mercy Corps, have recognised the protection gap opportunity to provide risk transfer to capital providers, launching a parametric earthquake insurance product targeted at micro-finance institutions (MFIs) in Indonesia.

One of the recognised protection gaps is the capital that pours into developing regions of the world and emerging economies from banks, lenders, MFI’s and the like. This capital is typically not protected against catastrophe or weather risks, meaning that when disaster does strike the capital can be drained from the country just at the time it is most needed.

Explore further

Hazards Earthquake
Country and region Indonesia
Share this

Please note: Content is displayed as last posted by a PreventionWeb community member or editor. The views expressed therein are not necessarily those of UNDRR, PreventionWeb, or its sponsors. See our terms of use

Is this page useful?

Yes No Report an issue on this page

Thank you. If you have 2 minutes, we would benefit from additional feedback (link opens in a new window).