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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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Update

The Regional Emergency Preparedness and Access to Inclusive Recovery Program (REPAIR) is the culmination of over a decade of hands-on experience and deep commitment to disaster risk finance (DRF) in Southern Africa.

Global Shield Financing Facility
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Documents and publications

The report articulates the insurance industry’s triple role as risk managers, risk carriers and investors in supporting a just transition to a resilient net-zero economy

UNEP Finance Initiative
Update

The African Risk Capacity (ARC) Group has made a climate risk insurance payout to the Government of the Republic of Zambia amounting to nine million nine hundred seventy-nine thousand one hundred forty US dollars (US$9,979,140).

African Risk Capacity
 Residents contend with the flooding after a downpour in Accra, Ghana in 2020.
Update

In response to the increasing flood risk and limited financial protection, a project to strengthen the financial resilience of flood-prone communities in Ghana was launched in 2022 under the Tripartite Agreement.

Insurance Development Forum
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Documents and publications

This report provides (re)insurance leaders with strategic insights to navigate the evolving complexities of catastrophe modelling and exposure management in today's dynamic market landscape.

Oasis Loss Modelling Framework
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Documents and publications

The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) commissioned this pre-feasibility study in order to analyse the potential of new insurance solutions to assist MPAs bouncing back quickly in the aftermath of typhoon events.

Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)
Update

35 years after Loma Prieta-and following a global pandemic, California may be more vulnerable today due to population growth, urban expansion, increased economic exposure, and declining earthquake insurance uptake, leading to a significant insurance gap.

Moody's
Update

Insurance-linked securities are now a vital part of the reinsurance industry, providing alternative capital for risk transfer, allowing investors to access insurance risks through financial markets, spread catastrophe risks and enhance market capacity.

Intelligent Insurer's Baden-Baden Today
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