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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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Risk REconsidered Podcast: Eying hurricane damage: The real forces behind storm losses

In the second episode of Risk REconsidered, we take a closer look at the 2024 hurricane season, discuss the role of hurricane forecasts for insurers and examine drivers of storm losses.

Swiss Reinsurance Company (Swiss Re)
People in the streets of the old town of Copan in Honduras in Central America, Honduras
Update
Employee financial protection against weather risks in Honduras

ISF is co-funding the development and implementation of a new parametric insurance solution in Honduras in collaboration with a consortium led by Europa Re.

InsuResilience Solutions Fund
Update
Three ways Samoa’s new ‘homegrown’ insurance scheme can thrive

The Special Representative of the UN Secretary General for Disaster Risk Reduction, Kamal Kishore, has called for more homegrown solutions in the Pacific region to tackle disaster risks and close the protection gap.

Samoa Observer
Women working in an agricultural field in the outskirts of Samarkand, Uzbekistan
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Implementation update: Landmark public-private insurance scheme for Smallholder Horticulture Farmers launched in Uzbekistan

New agricultural insurance products have been launched today tailored for smallholder horticulture farmers in Uzbekistan. The insurance covers six key crops across five region to aid climate-vulnerable horticulture farmers.

Insurance Development Forum
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Rising waters: How manufacturers should approach flood preparation

As climate change increases the threat of extreme weather, manufacturers must have the proper infrastructure and insurance policies to protect employees and facilities against the risk of flooding.

Industry Dive
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Financial Inclusion Unlocked Podcast: How parametric insurance is protecting communities in Fiji against cyclones and flooding

As communities in Small Island Developing States experience these challenges firsthand, climate risk insurance is emerging as a potential tool to help families and local businesses recover more quickly and build resilience.

SIJ Media
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Documents and publications
Parametric insurance solutions for all

This issue highlights how India is deploying parametric insurance to protect vulnerable communities from extreme heat. With rising climate risks, it stresses urgent innovation in risk transfer mechanisms, especially for women and informal sector workers.

All India Disaster Mitigation Institute
Picture of the river at Fazao-Malfakassa National Park in Togo
Update
Official launch of an innovative insurance product to protect Togolese municipalities from flooding

The municipalities of Kloto 1, Golfe 1, and Golfe 7 in Togo have officially signed an innovative insurance policy aimed at strengthening their resilience against flooding.

InsuResilience Solutions Fund
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