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 …
The study on climate change adaptation (CCA) and disaster risk reduction (DRR) synergies of interventions was carried out with a combination of approaches consisting of country-specific case studies in Nepal and India in South Asia and in the Republic of Ghana in the West Africa, an online survey eliciting responses …
This report explores evidence and insights from five case studies that have made significant recent progress in addressing the challenge of insuring poor smallholder farmers and pastoralists in the developing world. In India, national index insurance programmes have reached over 30 million farmers through a mandatory link with agricultural credit …
The Centre is devising an insurance product for farmers that will guarantee to make good their loss in income from natural calamities for at least seven years. For crops with minimum support prices (MSPs), the loss in income will be based on the MSP; for others, it will be calculated …
ARC Insurance Company Limited (ARC Ltd) will pay US $25 million in drought insurance claims to three countries in the Sahel this month. Mauritania, Niger and Senegal, which paid a combined premium of US $8 million, will use the payout to mobilize early interventions in response to drought based on …
A new report released by the United Nations Environment Programme (UNEP) identifies critical innovations in the US$300+ trillion global financial system, which, if brought to scale, could help close the widening sustainable development investment gap. The report is being launched at the World Economic Forum at Davos - at the …
FRANKFURT: The human and economic cost of natural disasters such as hurricanes and earthquakes fell sharply worldwide last year, helped by improved early warning systems, the world’s largest reinsurer Munich Re said today. The number of people killed fell to 7,700 in 2014 from 21,000 the year before, while economic …
Agrarian and poor communities in general in the Asia-Pacific region are highly vulnerable to climate change. Effective reduction of vulnerabilities requires aligning sustainable development (SD), climate change adaptation (CCA) and disaster risk reduction (DRR) initiatives. Insurance has been increasingly advocated as a risk management tool both by the CCA and …
Payouts by insurers for disaster claims in the first six months of the year were below the average for the past 10 years, a study showed on Wednesday, which is likely to bolster insurers' calls for cheaper reinsurance. The global insurance industry covered $21 billion in losses from natural catastrophes …
The Nigerian Agricultural Insurance Corporation (NAIC), North East Zone, has advised farmers to embrace insurance culture to safeguard their investment against calamities caused by climate change. The Zonal Manager, Malam Ahmed Arabi, gave the advice in an interview with the News Agency of Nigeria (NAN) on Thursday in Bauchi. Arabi …
The government is addressing the concerns raised by domestic suppliers over certain provisions of the Civil Liability for Nuclear Damage (CLND) Act 2010 and is working out a scheme to obtain appropriate insurance cover from domestic insurance companies. Responding to a question in the Lok Sabha, Minister of State for …
Summers and winters will likely swing between a wide range of temperatures, says the study. Climate change will be seen in the variation of our extreme temperatures, according to a new study. Researchers Evan Kodra and Auroop Ganguly say that while global temperature is increasing, so too is the variability …
Various trade unions and social organisations, including the RSS-backed Bharatiya Mazdoor Sangh (BMS), criticised the first Budget of the Narendra Modi Government. They said the Budget failed to give any new prescriptions for the burgeoning problems of the country. The BMS, though expressing overall satisfaction with the Budget’s direction, condemned …
PM: New Health Insurance Scheme to cover 100m people Friday, June 06, 2014 - Islamabad—Prime Minister Muhammad Nawaz Sharif on Thursday approved the National Health Insurance Scheme for poorest of the poor in Pakistan. The Prime Minister chaired a meeting to give in principle approval to launch the Health Insurance …
There is no doubt the climate is changing. Each of the past three decades has been warmer than the previous one, and the vast majority of scientific evidence points to this being caused by mankind's reliance on carbon-based fossil fuels. While understanding weather patterns and the risks associated with major …
This paper presents the results of the Asian Development Bank’s (ADB) study on Social Protection Index (SPI) in Asia and the Pacific from the poverty dimension perspective. The SPI is a compact, simple indicator designed to help governments assess social protection programs. The paper analyzes the impact on the poor …
IN A move to address the issue of liability, which has held up deals with several countries, the government has decided to form a nuclear insurance pool having a number of stakeholders to meet the requirement of a financial cover in case of a mishap. The Department of Atomic Energy …
This issue explores the important role played by microinsurance in building up the resilience of communities vulnerable to addressing the impact of disasters and climate change. The content includes: (i) EU’s Work in Phailin; (ii) MIA's Work on Climate Change and Microinsurance in India; (iii) Role of NRSC in Better …
The 1.7 million farm labourers in Chhattisgarh have reason to smile on former Prime Minister Atal Bihari Vajpayee’s birthday today. The state government launched a scheme that will provide them insurance cover. Soon after taking over as the chief minister of Chhattisgarh for the third term in a row, Raman …
Global Financial Development Report 2014 is the second in a new World Bank series. It contributes to financial sector policy debates, building on new data, surveys, research, and country experience, with emphasis on emerging markets and developing economies. This year’s report focuses on financial inclusion—the share of individuals and firms …
Customized community-based microinsurance for climate-related risks - a presentation by David M Dror at CSE Annual South Asian Media Briefing Workshop on Climate Change, 2013 held in New Delhi from September 18-19, 2013.
