Insurance and risk transfer

The project aims to scale up an index-based flood insurance solution to reach 20,000 vulnerable households in Tana River County.

Pre-agreed parametric triggers reached for full payout based on storm’s central pressure and path.

This paper describes the modelling to estimate the expected annual damage (EAD) for buildings in the Caribbean with and without coastal nature-based solutions in place.

After pummeling the Caribbean, Hurricane Ida made its U.S. landfall on August 29. Four years later, the Byes are still living in a damaged house. Patches of tattered plywood siding are exposed to the elements.

The initiative will provide climate risk protection for 25,000 coffee producers in Cajamarca, Villa Rica, Piura, and Puno—regions where poverty rates are among the highest in the country, ranging from 41.4% to 45.9%.

$150M US ‘catastrophe bond’ issued last year headed to full payout, will provide Jamaica immediate help.

The risks associated with climate change are breaking the insurance industry. In the past decade alone, flood frequency has increased fourfold in the tropics and 2.5 times in mid-latitude regions).

As nations prepare for COP30, there are three clear priorities that need to be part of the climate finance agenda in Belém.