ADB to pair ASEAN disaster insurance with infrastructure loans

Development bank to urge Southeast Asia to close coverage gap as climate risks grow

Flooding in Bangkok. Asia faces a wide gap between insurance coverage and potential economic losses from natural disasters. (NurPhoto via Getty)

TOKYO -- The Asian Development Bank will provide disaster insurance alongside funding for infrastructure projects in Southeast Asian nations as early as next year, aiming to ease economic losses as climate risks mount, Nikkei has learned.