Indonesia insures more than 2,000 gov’t buildings
This is part of the government’s pilot program on disaster risk reduction.
Indonesia has insured a total of 2,112 buildings owned by the government, the head of the Finance Ministry's Fiscal Policy Agency, Febrio Kacaribu said.
The insurance for government buildings, training centers, and health facilities is part of Indonesia’s pilot program on disaster risk reduction or the Disaster Risk Financing and Insurance (DRFI) program that began in 2019
"To date, we have insured 2,112 buildings owned by government ministries and institutions, with the total insurance value reaching IDR17.05t, equal to $1.03b," Kacaribu said.
The government is planning to expand insurance coverage to all buildings under the domain of the ministries and institutions this year with essential state assets such as bridges, roads, and other infrastructure to be insured next.
"Regional authorities are expected to enhance their role in disaster risk funding by contributing to the joint fund, and they are also encouraged to insure their assets. The central government is currently devising an incentive mechanism to realize this goal," Kacaribu said.
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