The current PCRAFI program, phase II builds on the initial phase of thePacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI), ajoint initiative of the World Bank, SPC, and the Asian Development Bankwith financial support from the Government of Japan, the Global Facilityfor Disaster Reduction and Recovery (GFDRR) and the European Union. PCRAFI, launched in 2007, aimed to provide the PICs with disaster riskassessment and financing tools for enhanced disaster risk managementand climate change adaptation. The PCRAFI Program (phase II) launched in April 2016 is comprisedof two key pillars; (i) the PCRAFI Facility and (ii) the PCRAFI TechnicalAssistance Program
Details
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Author
Mahul,Olivier, Cook,Samantha Jane, Prasad,Raymond
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Document Date
2016/04/01
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Document Type
Working Paper
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Report Number
115199
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2017/05/23
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Disclosure Status
Disclosed
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Doc Name
Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI) Program : Phase II
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Keywords
Disaster Risk Financing and Insurance Program;disaster risk management;natural disaster;Catastrophe Risk Insurance;Public Financial Management;institutional capacity building;climate change adaptation;operations manual;budget execution;initial capital;contingency planning;Special Purpose Vehicle;climate risk insurance;independent legal entity;disaster risk assessment;economies of scale;early warning;financial resilience;financial sustainability;insurance product;insurance deductible;tropical cyclone;financing tool;beneficiary country;Urban Planning;financial response;international standard;long-term sustainability;global lead;financial protection;climatic risk;fiscal exposure;insurance payout;disaster reduction;financial model;insurance solutions;political dialogue;photo credit;seed capital;tropical storm;risk model;reinsurance market;competitive term;insurance portfolio;insurance policy;knowledge exchange;regional body;fiscal balance;regional initiative;international reinsurance;
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Citation
Mahul,Olivier Cook,Samantha Jane Prasad,Raymond
Enhancing the financial resilience of Pacific Island Countries against natural disaster and climate risk : Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI) Program : Phase II (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/716481495545738079/Pacific-Catastrophe-Risk-Assessment-and-Financing-Initiative-PCRAFI-Program-Phase-II