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Disaster insurance program for South East Asia

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The Association of Southeast Asian Nations is looking to implement the ASEAN Disaster Risk Financing and Insurance Programme, reported Artemis.bm.

The move is "part of the risk financing and insurance road map of the region to leverage national and regional resources as well as the international insurance market," a statement by ASEAN nations said.

Risk pooling and parametric triggers are expected to feature in the insurance program.

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