Insurance & risk transfer

The process of formally or informally shifting the financial consequences of particular risks from one party to another, whereby a household, community, enterprise or State authority will obtain resources from the other party after a disaster occurs, in exchange for ongoing or compensatory social or financial benefits provided to that other party.

This theme covers aspects of disaster risk financing, catastrophe bonds, financial resilience, and micro-insurance.

Latest Insurance & risk transfer additions in the Knowledge Base

Update
To fill the insurance gap and unlock cash more quickly, parametric microinsurance is increasingly seen as an option to help cushion the financial blow of ever-more-frequent hurricanes.
Context
Update
Taiwan is a powerful example of a comprehensive approach to earthquake resilience, not only through physical and economic aspects but also social and organizational dimensions.
Moody's Investors Service
Update
A new initiative in Malawi aims to enhance the capacity of vulnerable communities to anticipate, manage, and recover from large-scale flooding events.
InsuResilience Solutions Fund
Hurricane Hector - August 2018
Update
The damage caused by Hurricane Helene is proof that the U.S. must adapt building and insurance practices to a new reality as these natural hazards become normalized, says Northeastern professor Daniel Aldrich.
Northeastern University
Aerial picture of a flooded Texan residential area
Research briefs
The US federal government instituted a program in 1990 that helps reduce flood insurance costs in communities enacting measures to better handle flooding. However, a new study shows that the effects of the program differ greatly from place to place.
MIT Press, the
Update
As Australia faces more frequent and intense disasters due to climate change, governments often must pay for rebuilding where insurance does not cover the damage
Australian National University
Cover and source: Australian National University
Documents and publications
The ANU Disaster Solutions Update and Roundtable 2024 aims to identify the key challenges regarding funding for resilience, recovery, and insurance; and discuss the research to address financing challenges.
View from a beach in Palau as a storm approaches
Update
Parametric insurance is poised to expand in Fiji, with the signing of a new partnership between the Reserve Bank of Fiji (RBF), SUN Insurance, Tower Insurance and the InsuResilience Solutions Fund (ISF or the Fund).
United Nations Development Programme (UNDP)
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