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Displaying 15 of about 75 resultsThis report makes use of a unique set of data on premiums and claims provided by global reinsurance companies to examine the contribution that reinsurance has made to enhancing the capacity of the primary insurance market to manage catastrophe risk and to reducing the economic and insurance market disruption that often follows catastrophic events.
This study analyses how to rectify the disproportionate debt impact that Severe Repetitive Loss homes, which only comprise a small proportion of insured properties and repeatedly flood after being rebuilt, have on the U.S. National Flood Insurance Program (NFIP). The authors posit that the NFIP contains an adaptive mechanism — the substantial impro…
This Annual Report highlights the progress and results achieved during FY18. It provides an overview of grant making activities in six regions and across GFDRR’s eight targeted areas of engagement, and a section of Special Features explores various areas of work in greater depth. The report also provides information on the Facility’s financial health. O…
Mining has important economic benefits for British Columbia, but it also comes with environmental risks. This paper argues that requiring “financial assurance” from mining companies can reduce the risk of disaster. Legislated financial assurance requirements oblige companies to commit funds against their environmental risks. Instruments can includ…
The purpose of this disaster risk toolkit is to provide practical guidance on how to choose which disaster risk finance instruments for which circumstance. The main audience is policymakers in developing countries who are responsible for disaster risk management, at national, regional and local levels. It is also intended to assist the development and h…
This discussion paper is prepared by the Secretariat of the InsuResilience Global Partnership based upon a synthesis of evidence commissioned by members and initial consultations with members. Concessional support for climate and disaster risk finance and insurance is a complex, sensitive and evolving area of work that is of high strategic relevance to…
This report presents district-level analyses of agriculture-specific indicators prevalent in India. High resolution gridded data is used to estimate near-real time crop conditions and weather parameters. With temporal dimension of two weeks and district-level analyses, this report can ensure consistent and extensive monitoring. It aims to build a common…
The wildfire risk landscape in Canada has changed rapidly. Each year between 2000 and 2014, an average of 13 000 Canadians were forced to evacuate their homes due to wildfires – more than double the figure in the 1980s. Evacuations skyrocketed in 2016 and 2017.
The number of people living in wildland-urban interface areas in Canada that are prone to wi…
Climate-related shocks and stresses threaten people and communities around the world, compounding existing poverty and vulnerability and undermining long-term development. National and international actors are searching for new and better ways to help people deal with increasing climate risks and, in turn, support long-term resilience. One potential way…
Climate-related disasters are increasing in frequency and severity and both economic and human losses are climbing. Unfortunately, developing countries, which are the least equipped to deal with disasters, are often impacted the most. Over the past two decades, new financial tools have emerged to help developing countries cope with disaster. Sovereign p…
In Latin America and the Caribbean (LAC), regional supervisors and regulators have not yet explicitly included nor addressed climate-related risks in binding regulations and/or supervisory measures for the financial sector. This implies significant work ahead for the LAC financial sector to develop effective and complete frameworks to identify, assess,…
This year’s annual report highlights the major actions undertaken by the Partnership in 2019 and features selected examples of the work of our more than 70 members from G20 and V20 nations, civil society, international organizations, the private sector, and academia. The Partnership has formulated Vision 2025 as a collaborative global ambition for Clima…
Linking insurance with social protection systems could enhance households' and communities' ability to absorb climate shocks and improve their ability to reduce and manage risk. This policy brief by InsuResilience examines the opportunities and challenges that arise by linking these instruments.
Challenges presented in this policy brief include:
Ins…
The African Risk Capacity (ARC) is a continental sovereign risk pool and early response mechanism designed to execute pre‐approved contingency. ARC’s mission is to help African Union Member States to protect the food security of their vulnerable populations. As an insurance risk pool, ARC’s objective is to capitalize on the natural diversification of we…
This paper is part of a Deep South National Science Challenge project on insurance and other liability for compensation for damages suffered to housing from coastal hazards associated with sea-level rise. There are a range of issues addressed in this project, presently divided into different discussion papers. One of the other papers focuses on the New…