GRII secures new agreements and funding to provide open, globally consistent climate risk data for governments and financial institutions to scale-up climate adaptation, resilience and loss and damage finance and protect exposed communities and economies.
Insurance schemes launched for heat, cyclones, drought. Value of parametric insurance seen at $29.3 bln by 2031. Many have paid out as climate impacts worsen.
As climate-change-fueled disasters worsen, insurance against them is becoming unaffordable, leaving many families, organizations and governments at growing financial risk.
A federal flood insurance overhaul to adjust for rising climate change risks has left Americans facing eye-popping bills. Insurance rate hikes kick in after FEMA risk overhaul. In storm-prone Louisiana, one locality sues.
In this working paper, researchers propose creating a global fund to pool climate and other debt relief funds from the World Bank and International Monetary Fund (IMF) to cover insurance premiums for low-income countries.
International Institute for Environment and Development
This study provides a unique global benchmark - tracking the uptake of inclusive insurance products and services, along with insights into emerging trends connected with closing the people protection gap.
