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re:focus Partners

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This paper offers a method for governments to align public-sector disaster risk reduction measures with private insurance using Resilience Bonds. This new bond mechanism was developed to (1) expand financial protections—in the form of catastrophe insurance coverage—for vulnerable communities and (2) leverage new project finance for resilient infrastructure projects that measurably reduce risk. The aim of this work is to help improve the speed, availability, and cost-effectiveness of both proactive resilience project finance and reactive disaster recovery funding. The report specifically highlights examples of successful and innovative bond financing in California, including the California Earthquake Authority's CAT Bond Program (pages 21-23).


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Last updated: Feb. 21, 2019