IADB Parametric Insurance
Published by Disaster Risk Financing on
IADB Parametric Insurance
Standardized decentralized institutional structure that provides a revolutionary solution for the most efficient transfer of insurable risks from the governments to the international financial markets. Through it, each participant country will be able to:
• Mitigate the financial impact of natural disaster events.
• Strengthen growth stability in their economies by transferring the risk to the international insurance and capital markets.
• Obtain efficient financial coverage of extraordinary public expenditures during emergencies immediately after a catastrophic disaster.
Provided by
Coverage
Hurricane
Instrument type
Insurance
Eligibility
Central American countries
Intended for disaster response
Yes
Available to
Belize