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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.

Latest Insurance & risk transfer additions in the Knowledge Base

Crop index insurance tool
Documents and publications

Crop index insurance as a tool for climate resilience: lessons from smallholder farmers in Nigeria

This study contributes to filling the gaps on the uptake of index insurance and provide guidance to policymakers in their approach to mitigating the effects of climate change on crop production in Nigeria.
Cover
Documents and publications

Feasibility study - Disaster Risk Finance and Insurance (DRFI) solutions for family farmers in El Salvador, Guatemala, and Honduras

The objective of this feasibility study is to identify disaster risk finance and insurance (DRFI) solutions for up to 1.9 million family farmers in El Salvador, Guatemala, and Honduras.
The uncounted costs of disaster
Feature

Uncounted costs: Data gaps hide the true human impacts of disasters in 2023

Estimates of the cost of disasters paint a partial picture of their true toll, in terms of human lives and economic, developmental and social impacts.
United Nations Office for Disaster Risk Reduction
A Moroccan bricklayer prepares a surface for bricklaying in Tizi N'Tichka, Morocco
Update

Morocco: Mobilizing the financial sector for improved resilience against disasters and climate shocks

The financial protection gap against climate shocks and disasters is widening. Morocco was hit by an earthquake in September 2023, affecting more than 300,000 people in Marrakesh and surrounding areas.
World Bank, the
The ruined remains of a building after an earthquake
Update

Record thunderstorm losses and deadly earthquakes: the disasters of 2023

Worldwide, disasters in 2023 resulted in losses of around US$ 250bn (previous year US$ 250bn), with insured losses of US$ 95bn (previous year US$ 125bn).
Münchener Rückversicherungs-Gesellschaft (Munich Re)
Cover
Documents and publications

Accelerating private finance action on adaptation and resilience: How banks, insurers, and investors are mobilizing in the face of a nascent adaptation and resilience market

This paper explores how private finance actors can play a key role in mobilizing investments and support for climate adaptation and resilience.
Update

Navigating resilience: PCRIC's COP28 side event on parametric insurance

PCRIC successfully hosted its inaugural side event at COP28 in Dubai, themed ‘Embedding Parametric Insurance in the DRF Toolkit at COP28’, supported by the Pacific Islands Forum Secretariat & the Secretariat of the Pacific Regional Environment Programme.
Pacific Catastrophe Risk Insurance Company
Research briefs

New research shows that US renters are hit the hardest when a hurricane strikes

Two new studies show that renters living along the East and Gulf coasts of the United States face rent increases, higher eviction rates, and a lack of affordable housing in the aftermath of a hurricane.
The Society for Risk Analysis (SRA)

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