Demand and Supply Study Report on Climate and Disaster Risk Financing and Insurance in Papua New Guinea
This report’s approach is anchored around principles that enable equal access to affordable and suitable insurance for low- and moderate-income communities. It examines the associated challenges, risks, and coping mechanisms and identifies unaddressed issues. For this country study report, the team conducted extensive secondary research, which included a review of the existing body of knowledge in inclusive insurance and disaster risk finance. The study received extensive support from key informant interviews (KIIs) and industry-level workshops with stakeholders.
The study covered significant ground across interrelated areas of inclusive insurance and disaster risk finance. It articulates the recent developments, gaps, and opportunities at the policy and regulatory levels and in the supply side that comprises insurance industry players, and captures the perspective of the available products and channels.