Financing disaster management in India: Possible innovations

Description: 

This paper analyses the current funding mechanism to finance disaster management in India. It looks at the drawbacks of the current system which is more focused on ex-post strategies. The paper then looks at possible ex-ante strategies that can strengthen the current mechanism, and provides relevant examples of other countries using such instruments. It also highlights the importance of a domestic insurance market, challenges of domestic insurance markets and makes suggestions on the possible features of a domestic insurance market that can be created in India.

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Author: 

Clemence, Raghuram, Alok, Anupama, Mangesh, Priya, Rupalee, Javed

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  • Other

Publisher: 

Centre for Insurance and Risk Management

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