The Philippines is host to more than 1800 Marine Protected Areas (MPAs) and is committed to significantly expand their number and size under the 30 x 30 framework. These MPAs face an increasing threat from multiple hazards, most notably typhoons, which can severely damage mangroves, coral reefs and seagrass meadows. Already chronically underfunded, many MPA management councils struggle to replace lost monitoring assets and finance rehabilitation work. The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) commissioned this pre-feasibility study in order to analyse the potential of new insurance solutions to assist MPAs bouncing back quickly in the aftermath of typhoon events.