It is critical that the insurance industry, the development community, and governments across the world come together even more closely to extend much-needed, affordable insurance to some of the world’s poorest and most vulnerable communities.
The “Disaster Risk Insurance and Finance in Central America Consortium” (DRIFCA) identifies and supports climate-related agricultural insurance solutions for up to 2 million smallholder farmers to increase their food security and financial resilience.
Investors in insurance-linked securities (ILS) are seeking innovation - they may find it in Africa where a combination of transnational bodies, better data and a desire to structure improved disaster relief could combine with new ILS domiciles.
Disaster risk financing in Africa needs innovation amid increasing risks and decreasing humanitarian aid. Anticipatory action and insurance pilots by OCHA and ARC show potential in boosting risk management and disaster impact mitigation.
In this report, researchers analyze the inner workings of both the Agricultural Activity Guarantee Program and the Rural Insurance Premium Subsidy Program and unveil how the design of each program generates different incentives for different actors.