Dr P K Mishra, Principal Secretary to the Hon'ble Prime Minister of India inaugurated the one-day workshop on "Why Disaster Risk Insurance Matters" organized by NDMA held at India Habitat Centre, New Delhi today.
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The Government of Nagaland on Friday signed a Memorandum of Understanding with the SBI General Insurance Company Limited for implementation of a parametric multi-year risk transfer solution. This signing of the MoU for Disaster Risk Transfer Parametric Insurance Solution (DRTPS) makes Nagaland the first state in the country to adopt a disaster risk management system.
The 3 year agreement is particularly significant given the increasing incidences of extreme weather occurrences and climate change induced disasters that have been battering the whole northeastern region for quite some years now. The scheme aims to provide financially resilient and safe livelihoods for sustainable development by protecting Nagaland's critical infrastructure facilities and minimise the impact of economic losses in the face of disaster.
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Our newest newsletter is out! ✍️
In this issue, we focus on comprehensive climate & #DisasterRiskManagement, as well as update you on our members’ activities to raise awareness on climate risk & #DisasterInsurance and finance.
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