This InFocus document describes the challenges and solutions as well as lessons learned to provide robust risk data sufficient to design insurance products for highly exposed municipal public assets. Flooding has become a perennial occurrence in the Greater Accra Metropolitan Assembly (GAMA), Ghana. Municipalities in GAMA face significant challenges to finance reconstruction work after such floods.
Therefore, the Public-Private Partnership between Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and Allianz Reinsurance implemented the project “Developing Risk Management Approaches for Climate Risk”. Within an integrated flood risk management approach, the project focused on preparing the grounds for insuring municipal public assets against flood. This made an exposure analysis and modelling critical to help describe current and future flood risk for a particular city and its assets.