DRR FRAMEWORK COUNTRIES & REGIONS THEMES & ISSUES HAZARDS PROFESSIONAL RESOURCES
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Insurance & Risk Transfer

Financial mechanisms formulated to reduce vulnerability to disasters by employing structured instruments such as insurance policies and catastrophe bonds which spread risks in exchange for a premium.

 Insurance payouts can protect those with low incomes against specific perils that are insured (Photo: Karel Prinsloo/IRIN)

Scaling up insurance for resilience in Africa

26 Aug 2015, UNISDR AF

Improved access to insurance can boost the resilience of vulnerable communities to recurrent disasters such as droughts and floods in Sub-Saharan Africa. 'Insurance needs to be recognized as an integral tool in reducing poverty as it protects those with low incomes against specific perils that are insured', said Nelson Kuria, board member of the International Co-operative and Mutual Insurance Federation (ICMIF)...


Extracts of progress reports by progress indicator on the implementation of the Hyogo Framework for Action
  • Indicator 4.1 [PDF, 104Kb]Disaster risk reduction is an integral objective of environment related policies and plans, including for land use natural resource management and adaptation to climate change
  • Indicator 4.2 [PDF, 102Kb]Social development policies and plans are being implemented to reduce the vulnerability of populations most at risk
  • Indicator 5.3 [PDF, 86Kb]Financial reserves and contingency mechanisms are in place to support effective response and recovery when required.

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