Developing microtakaful flood model in Malaysia - Its relevance and policy impacts

Wan Norhayate, Wan Daud and Ahmad Shukri, Yazid and Fauzilah, Salleh and Fakhrul Anwar, Zainol (2016) Developing microtakaful flood model in Malaysia - Its relevance and policy impacts. International Journal Business Continuity and Risk Management, 6 (3). pp. 197-206. ISSN 1758-2164

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Flood is the largest natural disaster occurrence in Malaysia and is expected to exacerbate due to the various extreme weathers in the country. Despite the high risk of flood, flood coverage insurance policy is not always available. To overcome this challenge, this study attempts to achieve two objectives: first, to examine the impact of flood risk to the affected community, and second to develop a model called the microtakaful flood model to help the flood victims among the poor community. This qualitative research focuses on multiple case studies. The study found that there is a need for the poor to be insured with the flood coverage in order that they can resume a normal life with less difficulty post-flood catastrophe. The results of this study provide a significant contribution by introducing the microtakaful flood scheme to the industry that could reduce the government’s burden as a result of the flood loss.

Item Type: Article
Uncontrolled Keywords: flood; the poor; microtakaful flood model
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce
Divisions: Faculty of Business and Management
Depositing User: Rafidah M.Saaid
Date Deposited: 14 Feb 2022 07:48
Last Modified: 14 Feb 2022 07:48

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