Background Study

Since 2018, Disaster Risk Financing and Insurance (DRFI) has gained increasing traction in Indonesia as a crucial tool for bridging the funding gap after major disasters. The devastating impacts of events like the 2004 Indian Ocean tsunami and the 2018 earthquakes in Central Sulawesi and Lombok exposed the limitations of relying solely on post-disaster government allocations. While government funds provided some relief, ranging from US$90 million to US$750 million between 2014 and 2018, these fell significantly short of covering the actual losses incurred. This stark shortfall underscores the urgent need for a more comprehensive DRFI strategy that is seamlessly integrated with social protection programs to effectively support disaster-affected communities.

Aims and Objectives

Methodology and Study Approach

Team Members

Dr. Irene Sondang, Priskila Agatha Sulaiman, Wewin Wira Cornelius Wahid, Rayinda Putri, Alifa Zalfa