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

The ruined remains of a building after an earthquake
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)
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This paper explores how private finance actors can play a key role in mobilizing investments and support for climate adaptation and resilience.
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
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)
Hand stopping wooden blocks from falling on a house
Natural catastrophes are extreme weather events or geological phenomena that can cause human suffering, significant damage to property and infrastructure, and prolonged business interruption.
Swiss Reinsurance Company (Swiss Re)
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This diagnostic report seeks to inform the design and programming of the Centre’s support to the SASPP in its implementation phase; and to function as a resource .
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This paper assesses the factors that influence willingness to enroll for crop insurance among farmers in irrigated and rainfed farming system in the drought-prone North Central Province of Sri Lanka using a logistic regression model.
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This study presents a method to project future riverine flood risk in Europe by simulating population growth in floodplains, where households’ settlement location decisions endogenously depend on environmental and institutional factors.

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