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Indonesia: Insurance scheme proposal for disasters

Source(s): Jakarta Post, the
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The National Disaster Mitigation Agency (NDMA) of Indonesia has proposed an insurance scheme for damaged assets in anticipation of 'natural' disasters.

"We expect to implement the proposed insurance scheme next year to save our state budget," said Syamsul Maarif, Chairman of the NDMA, adding that the government would pay the monthly insurance premium and gain benefits any time 'natural' disasters destroyed people's assets.

"If we can solve huge spending problems for disasters through an insurance scheme, we will try it," said Maarif.

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Document links last validated on: 16 July 2021

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Themes Insurance and risk transfer Governance
Country and region Indonesia

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