Disaster Risk Financing Model Development: Feasibility Study for Parametric Insurance

Position titleDisaster Risk Financing Model Development: Feasibility Study for Parametric InsuranceDescriptionThe Philippines remains to be the world’s topmost disaster-prone countries for 17 years, with climate-related shocks such as typhoons, floods, and droughts disproportionately affecting low-income households and micro- and small enterprises. These recurring shocks continue to strain humanitarian systems and public resources, reinforcing cycles of vulnerability and recovery dependence.Initial evidence from Oxfam’s Anticipatory Action demonstrates that strategic investments in disaster preparedness and pre-emptive financing can reduce recovery costs, enable affected populations to resume income-generating activities faster, and strengthen resilience to future shocks. Recognizing the critical role of financial institutions in humanitarian crises, Oxfam a scoping study titled “Building Elements of Sustainable Disaster Risk Financing Strategy.” The study examined the feasibility of p...