Evaluation of effectiveness of disaster risk transfer mechanisms in Sri Lanka

Abstract

Disaster risk transfer (DRT) has been identified as a key strategy for managing disaster risks and increasing community resilience. However, the effectiveness of DRT mechanisms is questionable due to natural, socioeconomic, and political factors that may limit their implementation. This study focuses on the case of Batticaloa, Sri Lanka, to examine the implementation and effectiveness of DRT options in reducing disaster risk and enhancing community resilience. The study conducted a case study in three selected GNDs in the Batticaloa district to explore the criteria to assess the effectiveness of disaster risk transfer options. The data was collected through a survey questionnaire and key informant interviews to gather the participants' attitudes and perceptions of DRT mechanisms. The study found that lack of awareness, high costs, and limited coverage were major factors hindering participation in DRT programs. There were also different perspectives among participants on the roles of the government and insurance companies in disaster risk management. The research highlights the importance of enhancing accessibility and affordability of DRT options, and active government involvement in managing disaster risks. It provides a valuable understanding of the local challenges of DRT in Sri Lanka, and recommendations for policymakers and practitioners.