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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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This image shows a class 5 Super Taifun approaching the Asian Pacific coast. The image shows the eye of the hurricane viewed from space.
Update

Mutual insurer MAIF (Mutuelle assurance des Instituteurs de France) is strengthening its climate risk modeling capabilities with access to a comprehensive suite of Moody's high-definition risk models.

Moody's
Students matching on a street
Update

Much of the world lacks earthquake insurance, but when a magnitude 7.3 earthquake struck Vanuatu, the Pacific island nation was protected.

Temblor
Woman carries a bowl of bananas on her head in Puerto Plata, Dominican Republic
Update

To enhance the Dominican Republic’s resilience to climate-related events, the InsuResilience Solutions Fund (ISF) is supporting a partnership between the country’s social protection program Supérate, along with an international consortium.

InsuResilience Solutions Fund
Vegetable market, India
Update

For women farmers in rural India, the effects of climate change are compounded by limited access to finance, smaller plots and fewer land rights. Parametric insurance products can offer better protection.

World Economic Forum (WEF)
Aerial image of a completely ruined roof after a severe storm
Update

Yokahu, a leading innovator in parametric insurance, today announced the launch of cat-risk.com, the first independent, many-to-many parametric exchange for the London re/insurance market.

Yokahu
Update

Two decades after one of the most powerful earthquakes in history devastated SE Asia, this article examines how new technologies, research and global co-ordination can help increase resilience to future tsunamis.

WTW
Cover
Documents and publications

This policy note outlines a structured approach to mobilizing public-private solutions that can leverage insurance markets, risk sharing mechanisms, and development partnerships.

Global Shield Financing Facility
Update

Samoa Surety Insurance and the United Nations will unveil a groundbreaking bundled insurance product this Friday designed to safeguard low-income households in Samoa from the financial impacts of extreme climate events and other risks.

Samoa Observer
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