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 purpose of this paper is to explore the potential role of Index-based Disaster Insurance as a tool for climate change adaptation and social protection in developing countries. The paper will first provide an overview of recently piloted micro policies and macro policies. It will then outline several limitations of …
As in previous years, the Global Climate Risk Index 2011 analyses to what extent countries have been affected by the impacts of weather-related loss events (storms, floods, heat waves etc.). The most recent available data from 2009 as well as for the period 1990-2009 were taken into account. This year
MARSH India, an insurance brokerage firm, has announced policy cover for water utilities against water contamination like the one witnessed in Doda district of Jammu and Kashmir in August. Over 1,000 persons suffered from gastroenteritis after drinking contaminated water; heavy rains and flash floods had damaged the supply network. The …
Biodiversity and ecosystems are crucial for understanding how the world's natural capital is linked to financial markets. This CEO Briefing underscores the critical natural capital that underpins our economic activity and financial capital. As the finance sector we need to ensure that we operationalise this thinking in the management of …
New Delhi: The Insurance Regulatory and Development Authority has decided to frame guidelines for allowing insurance cover for nuclear accidents. The agency is awaiting the the nuclear liability law to provide framework for the proposed rules.
The government is planning to implement livestock insurance scheme in 14 districts of the State to support the farmers in insuring the cattle. According to a press release, National Insurance Company Ltd, divisional office, in front of Central Market, Mangalore will provide the insurance facility for livestock. The aim is …
In a remote village of district Chamoli, Uttarakhand, farmer Hari Singh no longer needs to travel to the distant bank branch. A business correspondent (BC), a bank-appointed agent who comes to the village with an electronic handheld device connected to the bank, facilitates withdrawal of his money, deposits and other …
With the aim to understand, promote and highlight the importance of financial inclusion of Scheduled castes, Scheduled tribes and religious minorities, Sa-Dhan in collaboration with UNDP conducted an interface between government representatives, academicians, journalists, practitioners and other stakeholders. Dalits and religious minorities have faced social stigmatization throughout the history of …
This briefing explores the current debates around insurance mechanisms to assess how disaster insurance supports community responses to climate change, and calls for priority to be given to community-based disaster risk reduction.
Government Support to Agricultural Insurance informs public and private decision makers involved in agricultural insurance about recent developments, with a particular focus on middle- and low-income countries. It presents an updated picture of the spectrum of institutional frameworks and experiences with agricultural insurance, ranging from countries in which the public …
Extreme weather events and natural disasters such as drought or floods can have a devastating impact on food security as well as the social and economic development of rural households. In recent years, an increasing number of initiatives have tested weather index-based insurance to help manage these risks in agriculture. …
Indu Bhan New Delhi: To ensure all victims of motor accidents get compensated, the Supreme Court has suggested levy of cess on petrol and diesel sold across the country besides collection of one-time third party insurance premium on every vehicle sold. Batting for those 20% unfortunate victims of motor accidents, …
This set of briefs considers how to increase the tools available to poor households to manage agricultural and health risks. The focus is how to develop insurance markets, along with other financial instruments such as credit, savings, and social protection policies. The series does not document the proven impact of …
TE Narasimhan / Chennai November 04, 2009, 0:25 IST The bonds will help economies get cheaper insurance against natural disasters. The World Bank has launched a
Australians Lesley and Doug McGrath have for decades battled ocean swells that have eaten away at the backyard of their multi-million dollar Sydney home. They bought an old beach shack on Collaroy Beach in 1976 and replaced it with a two storey home anchored to the land by 12 meter …
Iffco Tokio Working On Settling Crop & Cattle Insurance Claims Based On Images & RFID Tags WITH traditional forms of farm insurance being subject to a high degree of moral hazard, insurers are relying on technology. Iffco Tokio General Insurance, which is promoted by the largest fertiliser co-operative in the …
30 agreements to be signed; they violate public interest say activists the seventh round of free trade negotiations between India and EU held at Brussels in mid-July ended in a deadlock after the negotiators disagreed on the modalities of the agreement. Fresh talks will be held in November to thresh …
Farmers in the Ethiopian village of Adi Ha have been busy sowing fresh crops of grain in recent weeks, as is customary when their maize crops struggle because of drought. But this year, they have a second backstop against hunger: insurance.
To tap the growing potential in insurance sector, India Post is now giving much more importance to rural populace. Although India Post has been providing insurance schemes for the rural sector for long, it has now pulled up its socks to achieve significant targets this year. The department has already …
