Mitigating the adverse financial effects of natural hazards on the economies of Central Asia

A study of catastrophe risk financing options:

This study comprises a review of government post-disaster safety nets as well as those provided by the private insurance market in the five countries of Central Asia, namely Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.

The present report aims to assess the extent to which the existing intracountry government-funded social safety nets and the private insurance industry can cope with the adverse financial effects of disasters caused by the impact of natural hazards on the regional economy.

Based on the outcomes of the assessment carried out in the five countries of Central Asia, the study provides policy recommendations on reshaping the existing post-disaster government social safety net programmes and extending the level of catastrophe insurance penetration for businesses and homeowners.