The world is getting warmer and natural hazards are becoming more intense, likely bringing higher economic losses in the future. Today, four major weather perils result in expected economic losses of USD 200 billion annually. With more severe weather coming, economic losses are set to rise. The study analysis finds …
This Policy Research Brief examines social protection's role in building climate resilience based on evidence from the Garantia Safra programme, a public index-based climate risk insurance scheme in Brazil.
Scaling insurance to transfer climate risk from the rural poor to financial markets is vital to enhance agricultural risk management in developing countries, but insurance programs need to address several challenges in order to improve resilience at scale. A mix of stakeholder expertise is required to design, evaluate and scale …
Scaling insurance to transfer climate risk from the rural poor to financial markets is vital to enhance agricultural risk management in developing countries, but insurance programs need to address several challenges in order to improve resilience at scale. A mix of stakeholder expertise is required to design, evaluate and scale …
Gender-responsive Climate Risk Insurance (CRI) schemes can provide risk protection that addresses differences in women and men’s vulnerability to both climate risks, and disaster-induced wellbeing loss. Within this framework in late 2018 the InsuResilience Global Partnership made a clear commitment to take proactive steps to integrate an intentional focus on …
Gender-responsive Climate Risk Insurance (CRI) schemes can provide risk protection that addresses differences in women and men’s vulnerability to both climate risks, and disaster-induced wellbeing loss. Within this framework in late 2018 the InsuResilience Global Partnership made a clear commitment to take proactive steps to integrate an intentional focus on …
Both Ecosystem-based Adaptation and Climate Risk Finance & Insurance can be used to enhance adaptation, reduce and transfer risk, and build resilience to the growing impacts from natural and human-made hazards. There is a nascent and growing interest in where these strategies may intersect and be mutually beneficial for adaptation. …
Insurance can be a key tool in reducing vulnerability and promoting resilience. Countries with high insurance coverage recover faster from disasters, and increasingly, governments are recognizing the role and benefits of insurance in transferring risk from disasters. Yet there is a large and even widening ‘protection gap’ of underinsurance. Insurance …
Enhanced rainfed agriculture is particularly important in Africa, where 95% of agricultural production depends on rainwater and crop yields are amongst the lowest in the world. The main barrier to accelerating enhanced rainfed agriculture is investment. Financing for enhanced rainfed agriculture in Africa is relatively unexplored and access to credits …
Minister of Road Transport and Highways Nitin Gadkari tabled the Motor Vehicles (Amendment) Bill, 2019, in Lok Sabha on July 15. The Bill seeks to amend the Motor Vehicles Bill, 1988 to address the issues of third party insurance, regulation of taxi aggregators and road safety. The Bill proposes the …
Large-scale catastrophic and smaller recurrent disasters generate considerable economic losses. Over the past thirty years, damages from major disasters have increased significantly. In the last ten years alone, both high-income and fast-growing middle-income economies have experienced an estimated 1.2 trillion US dollars in economic costs from disruptive shocks due to …
This paper presents and discusses new and established climate risk financing instruments and approaches and how they could better contribute to closing the protection gap in vulnerable countries. It provides information and new ideas to civil society organizations and policymakers who are engaged in the broader debate on finding financing …
Linking insurance with social protection systems could enhance households' and communities' ability to absorb climate shocks and improve their ability to reduce and manage risk. This policy brief by InsuResilience examines the opportunities and challenges that arise by linking these instruments.
Linking insurance with social protection systems could enhance households' and communities' ability to absorb climate shocks and improve their ability to reduce and manage risk. This policy brief by InsuResilience examines the opportunities and challenges that arise by linking these instruments.
Peter Alisengawa, a farmer in Namungwale village in eastern Uganda, was struggling to grow enough maize to support his family a few years ago. Despite getting regular advice through his local cooperative, he could not afford to act on it. "Without money, you can do nothing," he said. "They were …
Developing solutions for human–wildlife conflict is an urgent conservation priority. This threat to coexistence between humans and animals is particularly serious in developing countries, where population growth significantly impacts traditional wildlife ranges. Tried and tested approaches to conflict resolution include schemes to financially offset affected individuals for their loss. To …
This country diagnostic assessment seeks to strengthen financial preparedness for disasters in Sri Lanka, focusing on insurance and other risk transfer instruments. It explores the current application of disaster risk financing solutions by the government, businesses, and individual households; related demand and supply constraints; and opportunities for improvement. The assessment …
A one-day workshop on the role of private insurance in reducing the ‘Human-Wildlife Conflict (HWC) will be conducted by Institute of Policy Studies of Sri Lanka (IPS) and the International Institute for Environment and Development (IIED), UK in Colombo next week. The workshop will present an overview of the issue, …
This publication seeks to strengthen financial preparedness for disasters in Pakistan. It focuses on insurance and other risk transfer instruments and explores the current application of disaster risk financing solutions by the government, businesses, and individual households; related demand and supply constraints; and opportunities for improvement. This is one of …
Low-income households around the world are particularly vulnerable to shocks, but also the least prepared when a shock hits. The effects of climate change, including floods, droughts, and other weather-related disasters, are adding another layer of risk for already vulnerable households. In this context, it is increasingly important that poor …
In this first Annual Report, the InsuResilience Global Partnership for Climate and Disaster Risk Finance and Insurance highlights the initiatives that the different actors worked on towards the Partnership’s vision. That is, 25 programs were supported in 78 countries by the commitments made in the context of the Partnership. This …
