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Displaying 135 of about 452 resultsThis study by Mercy Corps Indonesia was conducted to investigate the role of financial products in building household resilience to natural disasters. Using a quantitative household survey in Yogyakarta and West Sumatra, two disaster-prone regions in Indonesia, the study examined levels of actual and perceived vulnerability to natural disasters, and how…
This activity report summarizes activities of Result Area 5 (R5), also known as the Africa Disaster Risk Financing (ADRF) Initiative from its commencement in August 2014 to June 30, 2016. The report gives an overview of the achievements to date and identifies upcoming priorities and challenges.
The ADRF Initiative aims to support African countries deve…
This brochure describes the work of the Disaster Risk Finance (DRF) initiative, which is part of the Disaster Risk Finance and Insurance Program (DRFIP) at the World Bank. The DRF aims to strengthen the financial management of disaster risk by providing quantitative financial and economic information and tools for risk-informed decision-making. The init…
This report gives an overview of the way the Drought Financing Facility (DFF) is designed, including two proposed pilots in Zimbabwe and Pakistan. The DFF is based on a risk management approach that involves scientific modelling of drought risks, focused scenario-based contingency planning and ground monitoring, and pre-positioned financi…
This report examines four topics: (i) disasters in 2012, with a focus on recurring disasters; (ii) the role of regional organizations in disaster risk management; (iii) wildfires; and (iv) the important role of women in disaster risk management. It highlights the value given by governments and other actors in working together to prevent disasters and, t…
This report provides a prelimary assessment of the potential for agricultural insurance in Bangladesh. Based on this assessment and discussions with key stakeholders, the WBG will prepare a technical report and policy briefing for Bangladesh Ministry of Finance’s Bank and Financial Institutions Division (BFID) on four potential types of agricultural ins…
The pilot began in 2009, DHAN trained staff and community leaders to conduct exposure visits to the federations where crop insurance had been implemented during the past period. As the index based crop insurance was new to farmers, staff wanted to make sure that farmers understood the product concepts and its relevance for their crop risks. The core obj…
By Poulomi Roy and Sayanangshu Modak
The Indian government mostly prefers to construct embankments and create storage infrastructure as part of its flood-control strategy. The former entails a technological lock-in – meaning a vicious cycle of investment in ever more advanced technology to keep the water out. This translates to an added and increasing…
When climate disasters strike, farmers are among the first to feel the consequences. This was true before the novel coronavirus and it's certainly true now. The climate crisis compounded by the global health crisis leaves the most vulnerable even more at risk.
Around 74% of natural disasters between 2001 and 2018 were water related. During th…
Munich Re press release: Accumulation of very severe natural catastrophes makes 2011 a year of unprecedented loss
An exceptional accumulation of very severe natural catastrophes makes 2011 the highest-ever loss year on record, even after the first half-year. Already, the approx. US$ 265bn in economic losses up to the end of June easily exceeds the tota…
As Japan's national and local governments continue to review and approve master rebuilding plans and reconstruction blueprints, Curtis S. Chin, writing for The Japan Times, poses the question: "Will Japan's politicians and bureaucrats come together and heed a simple lesson that other policymakers faced with massive rebuilding efforts have learned before…
• Much of the world is still vastly underinsured against earthquake risk, study finds
• Underinsurance often due to low risk awareness in earthquake-prone areas
• Earthquake models should consider secondary-loss factors more comprehensively
According to Swiss Re’s latest expertise publication “Lessons from recent major earthquakes”, several big earthq…
Writing for AlertNet, Saleem Shaikh and Sughra Tunio describe the vulnerability of the sprawling port city of Karachi to a range of natural disasters, from storms to earthquakes, as well as to the threat of rising sea levels. Environmentalists are pressing city authorities to draw up an effective strategy to protect its fast-growing population from disa…
By Rudolph Ian Alama
The Philippine government, in the fourth quarter of 2019 has offered an initial $225-million for the first-ever Catastrophe Bond (Cat Bond).
The calamity-linked bonds will help provide insurance cover for damages incurred from typhoons and earthquakes. It has been hailed as an innovative financing solution aimed at mitigating the…
Copenhagen - The world's wealthy nations have a long way to go on the key negotiating element of climate change adaptation at Copenhagen, the World Wide Fund for Nature (WWF) warned yesterday "Climate change adaptation mechanisms and measures and especially finance must be a key part of any successful deal reached at Copenhagen, but it is an issue starv…