This study is about insurance for catastrophic disasters Da Nang, a place very vulnerable to climate change-induced disasters, particularly typhoons and floods.

Using a combination of qualitative and quantitative methods, the results show that households have taken adaptive measures to minimise the impacts of annual floods, such as moving their assets to safer places, evacuation and building houses with higher foundations, but not for catastrophic floods. The situation has been exacerbated by rapid urbanisation and water discharge from upstream hydropower plants. It is found that households living in Da Nang, Vietnam have a high demand for flood index-based insurance. Based on these results, developing and piloting flood index-based insurance for households living in the city are strongly recommended.