The National Disaster Management Authority (NDMA) is preparing to have a national disaster insurance network in a bid to protect vulnerable and low-income communities from risks and aftermaths of occurring natural disasters in the country.
“The Government is committed to develop a more proactive approach to cope with these climate challenges, by putting effective ex-ante and ex-post disaster risk management measures in place”, said the NDMA official.
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The project is being executed by NDMA in collaboration with Climate and Development Knowledge Network (CDKN) and the Munich Climate Insurance Initiative (MCII).
In the first phase of the “Developing a Disaster Insurance Framework for Pakistan” project, MCII undertook a detailed review of the current hazard data and approaches being practised in Pakistan on the management of natural hazard risks and disasters, the official added.
It also reviewed existing national insurance funds worldwide and conducted an extensive stakeholder dialogue in the country that culminated in five possible fund design options.
The government is also endeavouring to set up a national fund that has adequate resources before disaster strikes, said the NDMA official.
APP. NDMA prepares framework for vulnerable, low-income communities. The Express Tribune, February 20, 2017.