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Insurance & 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.

Latest Insurance & risk transfer additions in the Knowledge Base

Update

Flooding costs the U.S. between $179.8 and $496.0 billion each year

The JEC staff estimates that the total cost of flooding in the United States is between $179.8 and $496.0 billion each year in 2023 dollars. Regardless of the exact number, it is clear that floods represent a massive cost to the U.S. economy.
Joint Economic Committee
Homeowners in front of their house after floods.
Update

Building better buyouts through lived and learned experience

Home buyouts that reduce risk and benefit communities must draw from both the lived experience of residents and the learned experience of professionals.
Natural Resources Defense Council
Hand stopping wooden blocks from falling on a house
Update

Dominican Republic at the forefront of adaptive social protection systems

In a challenging context, the experience of the Dominican Republic demonstrates that adaptive social protection is a powerful tool for reducing poverty and vulnerability, and promoting sustainable growth.
World Bank, the
A cashier in the Dominican Republic counts money
Update

Dominican Republic: a climate-resilient social protection system

A recent analysis of the strategies employed by Dominican households between 2019 and 2021 to face the adverse effects of disasters confirmed that poor families cut their spending on food, health, and education in the aftermath of a climate extreme event.
World Bank, the
Update

Subsidised drought insurance for farmers in Austria

The subsidised public-private drought insurance system for agriculture adopted by the Austrian government combines indemnity-based insurance with weather index-based products.
Climate-ADAPT
Indian farmer transporting harvest goods on a bike in a flooded street
Update

Examining Assam’s disaster readiness after the 2022 floods

India’s Barak Valley in the northeast was devastated by back-to-back floods in 2022. Two years on, is it better prepared for future disasters?
Dialogue Earth
A woman is seen while she tills the soil in a garden in Kaya, Centre-Nord region in Burkina Faso
Update

Integrated financial and technical services for agriculture in Burkina Faso

The ISF has signed a grant agreement to support the implementation of a parametric insurance to strengthen the resilience of smallholder farmers against climate change in Burkina Faso.
InsuResilience Solutions Fund
Man walking barefoot in a flooded street in Wilsele, Vlaams-Brabant, Belgium (2021)
Update

Europe in the spotlight as global economic losses from catastrophes reach USD 280 billion in 2023

In what was the hottest year on record, Swiss Re’s latest report reveals that catastrophes resulted in global economic losses of USD 280 billion in 2023. Of these, USD 108 billion (40%) were insured, above the previous 10-year average of USD 89 billion.
Swiss Reinsurance Company (Swiss Re)

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