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A family of farmers in Lao PDR.

Why people don’t buy insurance in Asia

Insurance is often viewed as a product of the sophisticated, capitalistic system of the West, and those who are outside this cultural group are less likely to value insurance protection. Asians, who rely on informal insurance such as a family network, are thus typically less focused on buying insurance.

Arup Kumar Chatterjee

An image of the quake devastation in Kathmandu, Nepal.

Why we should buy earthquake insurance

After the recent catastrophe in Nepal, it’s time for homeowners in Asia and the Pacific to decide whether or not to purchase earthquake insurance. On one hand it could happen tomorrow, on the other it may not happen for another 80 years – so is it a gamble we are willing to take?

Arup Kumar Chatterjee

A foreign laborer works on a construction project in Singapore.

How to channel migrant remittances to deliver growth

Migrant remittances, a lifeline for many developing countries in Asia and the Pacific, have grown dramatically with barely any support by the public sector or donor agencies. A recent ADB forum discussed how governments can make better use of this money to create domestic job opportunities.

Mayumi Ozaki

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