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The provides a framework for countries to evaluate and strengthen their financial preparedness for disasters and pandemics. The toolkit is designed to guide governments in identifying gaps and barriers in their disaster risk financing (DRF) systems. It promotes the use of risk transfer tools like insurance, reinsurance, and capital market instruments, and integrates these into broader disaster risk management (DRM) strategies. The toolkit emphasizes the importance of an enabling environment—robust policy, regulatory frameworks, economic conditions, and social protection systems—to ensure effective and timely financial responses to both natural and health-related crises.

Application of the toolkit across seven Asia-Pacific countries revealed common weaknesses in DRF systems, including limited access to risk transfer tools, underdeveloped insurance markets, and inadequate integration of pandemic risk financing. It highlighted that governments often face fiscal strain and delayed recovery when lacking ex-ante financial arrangements. The study also noted a growing recognition of the need to address pandemics alongside natural disasters. Effective DRF systems were linked to proactive policies, credible insurance markets, strong social protection, and cross-sector collaboration. Recommendations include policy reforms, product development, stakeholder engagement, and capacity building to improve resilience and financial response.