The NZBR has participated in reviews of New Zealand's disaster insurance arrangements because of the importance which it attaches to the establishment of an adequate set of policies to mitigate the economic consequences of a major disaster. Risk management techniques such as disaster insurance form part of this set of policies. Because the resources committed to disaster insurance are substantial, and are currently channelled in large part through a state insurer, the efficiency of the insurance market and the performance of insurance organisations in it are significant public policy issues.