Working Group Report Disaster Risk Financing, Insurance and Risk Transfer

Disaster Risk Financing and Insurance is one of the key financial tools for funding disasters. Across the globe, it is being worked out to make a viable instrument. Many countries have already adopted insurance as a key tool and many are in the process.

In India, the government has been trying to apply this in majorly two sectors - agriculture and health. Keeping this in mind, National Institute of Disaster Management (NIDM) in collaboration with the Insurance Institute of India (I.I.I), had organized a National Workshop on "Disaster Risk Financing, Insurance and Risk Transfer" on 13th February 2020.

The NIDM-I.I.I Workshop was represented by State Disaster Management Authorities, State Disaster Management Departments, National Disaster Management Authority, Insurance Regulatory and Development Authority of India (IRDAI), Reinsurance companies like GIC Re, Swiss Re, Munich Re, and Private and Public Sector Insurance companies.