Closing the gap: Sovereign risk insurance proves its worth for Asia Pacific Islands

The swift disaster-risk payouts for cyclone-hit Tonga and Vanuatu have demonstrated the effectiveness of the parametric insurance programme for five Pacific Island countries. Arranged by the World Bank and supported by Swiss Re, the initiative assists the governments to finance relief efforts following tropical cyclones and earthquakes.

Closing the gap: Sovereign risk insurance proves its worth for Asia Pacific Islands

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