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Jakarta Post

Climate disaster and land-use change: Reversing insurance business logic

  • Rivani Noor

Jakarta   /   Thu, March 12 2020   /  01:55 am
On fire: A National Disaster Mitigation Agency water-bombing helicopter douses a fire in the Merapi Ungup-Ungup conservation area in Banyuwangi, East Java, on Oct. 10, 2019. Disasters cost the country Rp 22 trillion (US$1.57 billion) annually, according to the government.(Antara/Budi Candra Setya)(US$1.57 billion) annually, according to the government.(Antara/Budi Candra Setya)

On fire: A National Disaster Mitigation Agency water-bombing helicopter douses a fire in the Merapi Ungup-Ungup conservation area in Banyuwangi, East Java, on Oct. 10, 2019. Disasters cost the country Rp 22 trillion (US$1.57 billion) annually, according to the government.(Antara/Budi Candra Setya)Over the last few months, we have seen news spreading of natural disasters in both Indonesia and other regions of the planet. Two major countries, the United States and Australia, not only have been hit by fierce storms but also have seen widespread forest fires as a result of the worst-ever heat waves in their histories. Indonesia itself has seen more floods and landslides happening in shorter cycles. The Meteorology, Climatology and Geophysics Agency has statistically analyzed risk changes and chances of rainfall for a period of 150 years. The result shows that Jakarta will see an increase in ...