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Insurance and 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. Risk insurance is a key disaster risk management activity.

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

Latest Insurance & risk transfer additions in the Knowledge Base

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Disaster protection: How public-private insurance programs can make low-income countries more resilient

The power of Public-Private Insurance Programs (PPIPs) lies in their ability to adapt over time to meet evolving country needs.

World Bank, the
Forest Wild fire near houses on Portugal Summer
Research briefs
Clearer and more consumer-friendly information is needed to prevent the ‘illusion of being insured’ for catastrophe coverage, EIOPA study finds

The European Insurance and Occupational Pensions Authority (EIOPA) released a new study today highlighting the importance of clearer, and more consumer-friendly information disclosures regarding the catastrophe coverage of home insurance policies.

European insurance and occupational pensions authority
Research briefs
Wind-related hurricane losses for homeowners in the southeastern U.S. could be nearly 76 percent higher by 2060

Hurricane winds are a major contributor to storm-related losses for people living in the southeastern coastal states. A new study projects that wind losses for homeowners there could be 76 percent higher by the year 2060 and 102 percent higher by 2100.

The Society for Risk Analysis (SRA)
Cover
Documents and publications
Safeguarding marine ecosystems and society: the role of insurance in protecting nature and supporting sustainable tourism

This report explores how insurance can fund marine ecosystem restoration post-disasters, focusing on coral reefs and mangroves.

World Bank, the
Update
Index-Based Flood Insurance (IBFI) in Nepal with premium support from ISF

The InsuResilience Solutions Fund (ISF) has co-funded the development and implementation of Nepal’s first index-based flood insurance (IBFI) product.

InsuResilience Solutions Fund
Update
New research reveals millions of Brits don’t understand key home insurance terms

Research has revealed that a surprising number of UK homeowners don’t understand important home insurance terms - with only half of Brits fully knowing the meaning of Accidental Damage (52%).

Go.Compare
Cover and source: World Bank
Documents and publications
Protecting paradise: Opportunities for insurance to support marine-based and coastal tourism in the Caribbean

This report explores the case for introducing innovative insurance products for businesses within the tourism industry that leverage and conserve coastal and marine ecosystems.

World Bank, the
Update
As insurance gets harder to buy, NZ has 3 choices for disaster recovery – and we keep choosing the worst one

The insurance industry has already signalled it is pulling out of some places in New Zealand, leaving the government and homeowners to question what happens next. This is not something that should be ignored, or met with ad-hoc, unplanned responses.

Conversation Media Group, the
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