Search
Results for " "
Displaying 15 of about 15 resultsOver the past 30 years in the Caribbean, floods and tropical storm damage affected 1.5 million people directly and caused over USD 5 billion in damage. The increasing frequency and intensity of extreme weather events stress societies and natural systems. On behalf of the International Climate Initiative of the German Ministry for the Environment, Nature…
This study argues that the focus on insurance by developed countries is too narrow and comes at the expense of a serious consideration of other options. Insurance is only one tool in a much larger toolbox. The emphasis on insurance is also self-serving and diverts the focus from the failure of developed countries to provide adequate and predictable publ…
This brochure presents the products combining risk reduction and insurance for low income groups such as small-holding farmers and day labourers that will be designed and implemented by the Climate Risk Adaptation and Insurance in the Caribbean programme. It targets medium-level weather extremes (e.g. hurricanes and droughts) through five goals: (i) hel…
A declaration adopted by the Member States of the Alliance of Small Island States (AOSIS) on September 27, 2012, on the sidelines of the 67th United Nations General Assembly, calling for urgent action to address the climate change crisis which Small Island Developing States (SIDS) are already experiencing with impacts such as sea-level rise and storm su…
This paper explains the excess rainfall parametric insurance product of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) and Swiss Re Excess Rainfall (XSR), which helps to mitigate the short-term cash flow problems small developing economies suffer after major natural disasters. The product is aimed primarily at extreme high rainfall events of…
Technical paper series no 1:
This paper explains the parametric insurance system of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) in the event of a hurricane or an earthquake. The paper explains the differences between parametric insurance systems and indemnity-based systems, how payments are calculated, and the CCRIB catastrophe model.…
This factsheet details the efforts being made by the World Food Programme (WFP) in Cuba is adopting an integrated approach to reduce the vulnerability of farmers to drought and climate change impacts by promoting innovation on three fronts: i.) “preventive” insurance and disaster risk reduction (DRR) measures; ii.) parametric Area Yield Index Insur…
The objective of this report is to make recommendations for the Government of Grenada (GoG) for the formulation of a country-specific comprehensive disaster risk finance (DRF) strategy, based on the assessment of the legislative, financial management, fiscal, and insurance market environment in Grenada. This report is envisioned to be used as a planning…
The objective of this report is to make recommendations for the Government of Belize (GoB) for the formulation of a country-specific comprehensive disaster risk finance (DRF) strategy, based on the assessment of the legislative, financial management, fiscal, and insurance market environment in Belize. This report is envisioned to be used as a planning t…
The Climate Risk Adaptation and Insurance in the Caribbean (CRAIC II) project aims to refine, revive and upscale the Livelihood protection policy (LPP) - (launched in phase I) by making it affordable, valuable and reachable in the Caribbean region. The project also aims to help target countries increase social resilience and incentivize adaptation meas…
The government of Belize, with support from the World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR), addressed the urgent needs of vulnerable households and small farmers that were exacerbated by the COVID-19 pandemic. Lessons learned from the publication include:Emerging needs from the COVID-19 pandemic did not imply los…
This report provides a review of financial risk transfer mechanisms geared to mitigate economic impact of disasters for small island states in the context of natural and climatic disasters. The report reviews different tools in use in the region as well examples from other regions. The review is carried out of the following territories: Comoros, Madagas…
This fact sheet presents disaster risk reduction as one of the high priorities for the development of the Global Framework for Climate Services, to meet both the growing needs and opportunities to increase disaster resilience. It describes the considerable achievements that could be realized with an appropriate use of meteorological, hydrological and cl…
This report summarises progress made in advancing analytical work to improve the understanding of regional and national disaster risks and risk financing solutions for Comoros, Madagascar, Mauritius, Seychelles and Zanzibar. The risk profiles along with key findings were published in this report that provides detailed quantitative risk data for each isl…
This roadmap is developed from work undertaken on integrated climate risk management through the “Advancing Climate Risk Insurance plus” (ACRI+) project implemented by the Deutsche Gesellschaft für International Zusammenarbeit (GIZ) GmbH and the Munich Climate Insurance Initiative (MCII). In Barbados, the ACRI+ project is working with stakeholders to im…