Insurance and risk transfer

HERA and its partners launched HERA Materna, the world’s first ever heat-pregnancy insurance program. Extreme heat is threatening pregnant women on the frontlines of the climate crisis, and until now no financial protection has existed to shield them.

This paper provides a summary review of the collection of parametric case studies. The paper highlights key takeaways from the case studies, including how solutions are already delivering rapid liquidity after disasters, & closing critical protection gaps

This study has investigated the deployment of takaful for farmers in flood- and drought-prone regions in Nigeria. The study used a quantitative research design with cross-sectional survey data from smallholder farmers in some climate-prone zones

The ICP represents a step in the right direction. It marks a departure from how major climate risk finance initiatives have typically operated, building inclusive planning into its architecture rather than treating it as an afterthought.

As climate change risks increase, insurance premiums are rising, making coverage unaffordable for many, especially those in high-risk areas.

While the global natural catastrophe insurance protection gap is estimated to have risen to US $424 billion in 2025, new research from Swiss Re suggests that insurance coverage is growing broadly in line with the increasing catastrophe exposure.

The Guatemalan Red Cross has activated its early action protocol (EAP) for drought. It is now implementing pre-agreed actions to support those at risk from this hazard, which is linked to the emerging El Niño event.

When drought indicators in Lao PDR cross a defined level, money moves. That is the core logic behind a new anticipatory drought insurance pilot launched May 29, 2026.