Foreword

This publication aims to inform the discussion of disaster risk financing strategies in Asia and the Pacific, in support of the region’s efforts towards greater resilience. It explores how catastrophe (CAT) bonds work, the benefits they provide, and recent trends in their market development. Based on case studies of successful CAT bond issuances around the world, the report also reviews the challenges associated with their use, and provides policy recommendations for policy makers in Asia and the Pacific to address them.

An earlier version of this report was presented in various fora in the region, inviting input and feedback from policy makers, academics and other international organisations, as well as the private sector.

Fostering Catastrophe Bond Markets in Asia and the Pacific was produced with financial support from the Ministry of Finance of Japan.

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https://doi.org/10.1787/ab1e49ef-en

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