Insurance & Risk Transfer

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.
Billions of new taxpayer dollars are aimed at helping victims of extreme weather leave their vulnerable homes. But without a lot of teeth, the federal programs may just perpetuate the problem.
The Geneva Papers: Special issue on climate risks and insurance
The first 2022 issue of The Geneva Papers on Risk and Insurance examines the role insurance can play in managing physical climate risks associated with extreme weather events.
As climate-related hazards increase in intensity and frequency, communities and insurers can use updated risk maps and models to understand and estimate loss.
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.
Parametric insurance uses satellite data to determine pre-emptively the impact of a disaster and the required compensation, in the form of an insurance pay out, when that disaster strikes.
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.
People have been asking if Hurricane Ian will push the National Flood Insurance Program (NFIP) into an affordability crisis? Some argue the NFIP is already there.
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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.