risk of macroeconomic or other shocks with the impact of a major climate-related natural disaster in a fiscal stress test.
State Asset Insurance Scheme in Indonesia
Indonesia’s asset management policies and practices address climate-related risks. The country has put in place a StateAssetInsurancePolicy program to insure public assets against climate and disaster risks, in the context of the National Disaster Risk Financing and Insurance strategy (DFRI). In 2019 the government introduced a state building insurance scheme, as the first phase of the