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Disaster risk-sharing pools and multi-country catastrophe bonds in Southeast Asia

Author

Listed:
  • Kensuke Molnar-Tanaka
  • Yang-Che Wu

Abstract

In face of the increasing frequency and intensity of disasters, the Southeast Asian region’s capacity to finance prevention and response remains limited. Regional risk-sharing pools are one way to enhance financial resilience by creating more diversified portfolios, allowing participating countries to transfer excess risk and retain a manageable level of risk. This paper uses a theoretical framework to discuss such regional disaster risk-sharing pools, focusing on multinational catastrophe bonds. It emphasises the importance of addressing policy challenges related to multi-country issuance of catastrophe bonds, including setting appropriate premiums, using appropriate risk assessment models, and facilitating data co-ordination.

Suggested Citation

  • Kensuke Molnar-Tanaka & Yang-Che Wu, 2025. "Disaster risk-sharing pools and multi-country catastrophe bonds in Southeast Asia," OECD Development Centre Working Papers 356, OECD Publishing.
    • Handle: RePEc:oec:devaaa:356-en
    as

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    More about this item

    Keywords

    catastrophe bonds; disaster risk finance; regional co-operation; Risk pool; Risk sharing; Southeast Asia;
    All these keywords.

    JEL classification:

    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • G1 - Financial Economics - - General Financial Markets
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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