With the aim of alleviating poverty, the Food and Agriculture Organization (FAO) of the United Nations and the Network of Aquaculture Centres in Asia-Pacific (NACA) identified a need among governments, non-governmental organizations (NGOs) and donor organizations for insurance and risk management facilities to be made available to developing aquaculture in Asia. In response to this need, a Regional Workshop on the Promotion of Aquaculture Insurance in Asia was held in Bali, Indonesia, from 30 April to 2 May 2007. At the workshop, the proposals for addressing the needs were presented, discussed and finalized as the Guidelines for action to meet insurance and risk management needs in developing aquaculture in Asia.