| Budget Amount *help |
¥3,120,000 (Direct Cost: ¥2,400,000、Indirect Cost: ¥720,000)
Fiscal Year 2016: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2015: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2014: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
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| Outline of Final Research Achievements |
Some innovative approach to addressing climate related risks such as weather index insurance (by which insured could receive payout if some weather index are met), and micro insurance operated through relively small amount of premium, have recently been developmed and implemented. Insurance is expected to serve as a tool of risk trasfer and to enhance more prompt recovery of suffered loss and damage.
On the other hand, insurance faces some challenges for making it a more effective tool to address climate risks: how to ensure accessibility to such insurance by the population with modest income, in most case the most vulnerable to climate chanage, how to ensure equitable allocation of costs relating to insurence among countries, insurers and insured and how to overcome lack of data necessary to design an appropriate insurance product. It is also essential to design and implement a comprehensive strategy and scheme to reduce and avoid climate risks.
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