Koji Fukuda's research while affiliated with Institute for Global Environmental Strategies and other places

... In Malaysia's highly vulnerable state, insurance is an essential tool for managing risk at every level [8,[32][33][34] because it, (a) accentuates mitigation of risk, which the present reaction-driven systems are not capable of; (b) provides a practical method for adapting to the financial effects of atmosphere-and climate-actuated perils; (c) covers residual risks to reinforce CCA schemes, which are not secured by other risk mitigation components, including establishing regulations, land use planning, and disaster management planning; (d) balances out provincial earnings and consequently decreases the hostile impacts of negative shocks on earnings and economic and social improvement; (e) opens opportunities to build private-public partnerships; (f) reduces dependencies on public resources at post-disaster reconstruction and relief; (g) assists groups and people to rapidly re-establish and restore their business and living arrangements; and (h) addresses a wide range of risks stemming from both non-climatic and climatic inception, based on the ways the insurance products are developed [35]. ...