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    Philippine City Disaster Insurance Pool: Rationale and Design

    Canada, Government of; Finance, Philippine Department of | February 2018
    Abstract
    This report presents the rationale for and design of a city government disaster insurance pool in the Philippines. Insurance pools help governments enhance their financial preparedness for disasters, focusing on the provision of rapid post-disaster financing for early recovery. The Philippine City Disaster Insurance Pool was developed under the guidance of the Department of Finance as part of the 2015 Disaster Risk Financing and Insurance Strategy. It utilizes a parametric insurance structure, basing payouts on the occurrence of earthquakes and typhoons according to their physical features, rather than actual losses.
    Citation
    Canada, Government of; Finance, Philippine Department of. 2018. Philippine City Disaster Insurance Pool: Rationale and Design. © Asian Development Bank. http://hdl.handle.net/11540/9611. License: CC BY 3.0 IGO.
    PDF ISBN
    978-92-9261-477-5
    Print ISBN
    978-92-9261-476-8
    Keywords
    Urban Development Finance
    Trade Finance
    Small Business Finance
    Rural Finance
    Roundtable on International Trade and Finance
    Regional Development Finance
    Public Service Finance
    Public Finance
    Project Finance
    Private Finance
    Nonbank Financing
    Non-Bank Financial Institutions
    Municipal Finance
    Local Government Finance
    Local Currency Financing
    Limited Resource Financing
    International Financial Institutions
    Infrastructure Financing
    Industrial Finance
    Government Financial Institutions
    Government Finance
    Financing of Infrastructure
    Financial Sector Development
    Financial Regulation Disaster preparedness
    Disaster prevention
    Disaster management
    Emergency relief
    Flood control
    Fire prevention
    Natural disasters
    Man-made disasters
    Post-conflict recovery
    Fragile states
    Taxation
    Public Accounting
    National Budget
    Municipal Bonds
    Local Government
    Local Taxes
    International Monetary Relations
    International Financial Market
    International Banking
    Central Banks
    Business Financing
    Capital Resources
    Budgetary Policy
    Capital Needs
    Corporate Divestiture
    Capital Instruments
    Pension Funds
    Insurance Companies
    Banks
    Portfolio Management
    Fiscal Administration
    Economics of Education
    Development Banks
    Use tax
    Taxing power
    State of taxation
    Tax-sales
    Tax revenue estimating
    Tax planning
    Spendings tax
    Special assessments
    Tax administration and procedure
    Sales tax
    Real property and taxation
    Progressive taxation
    Effect of taxation on land use
    Effect of taxation on labor supply
    Intergovernmental tax relations
    Inheritance and transfer tax
    Energy tax
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    Citable URI
    http://hdl.handle.net/11540/9611
    Metadata
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    Thumbnail
    philippine-city-disaster-insurance-pool-rationale-design.pdf (981.4Kb)
    Author
    Canada, Government of
    Finance, Philippine Department of
    Theme
    Finance
    Disaster
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise