Insurance and risk transfer

The report highlights that flooding accounted for an unprecedented 78% of the year's total losses, earning 2024 the designation of "the year of the floods."

This report examines if crowdsourcing app KAZNET can be used to collect data on drought impacts and improve early warning systems and index-based drought risk financing and insurance products.

Australia has fortunately not experienced significant earthquakes in recent years, though there have been shifting market dynamics and important efforts to understand the earthquake hazard across the country.

The UR24 forum highlights innovations in disaster risk financing to boost resilience, covering issues including holistic strategies for public assets, risk pools, data-driven risk assessment, and global partnerships to address financial gaps.

Kyrgyzstan faces climate challenges affecting livestock herders. A forecast-based insurance solution has been adopted to provide early payouts for fodder during extreme weather, ensuring timely support for herders.

This study examines factors influencing the adoption of disaster insurance in Malawi, a country highly susceptible to climate-related impacts.

Rising property insurance costs and climate hazards strain housing. Many insurers withdraw or raise rates, forcing reliance on state or federal fallback options. Coverage gaps, affordability issues, and urgent mitigation needs persist.

ClimaCash+ offers a simple, fast, and relevant lifeline to communities impacted by climate events. With rapid payouts triggered by specific weather conditions, this innovative solution is set to change the way we enable financial resilience.