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Insurance & risk transfer

The process of formally or informally shifting the financial consequences of particular risks from one party to another, whereby a household, community, enterprise or State authority will obtain resources from the other party after a disaster occurs, in exchange for ongoing or compensatory social or financial benefits provided to that other party.

This theme covers aspects of disaster risk financing, catastrophe bonds, financial resilience, and micro-insurance.

Latest Insurance & risk transfer additions in the Knowledge Base

Update

‘It’s shameful and I won’t pay it’: flood-hit Italians rage against insurance call

The destruction in northern Italy has ignited debate in a country where just 6% of homes are insured against disasters.
Guardian, the (UK)
Update

How extreme weather and costs of housing and insurance trap some households in a vicious cycle

Climate change is increasing the risk of extreme weather events for Australian households. Floods and bushfires are becoming more likely and severe. As a result, household insurance costs are soaring - tripling in some cases.
Conversation Media Group, the
Cover and source: United Nations Development Programme
Documents and publications

Parametric insurance to build financial resilience

The “Parametric insurance to build financial resilience” report highlights how parametric insurance can help governments, businesses and communities financially prepare for rising risks.
Woman stands next to her crops in evening light
Update

Enhancing resilience of smallholder farmers in southern Malawi through a risk layering approach for managing climate-related risks

The ISF's project aims to protect financial institutions from less frequent, large-scale weather events while adapting an existing micro-insurance product to directly safeguard smallholder farmers from more frequent, localized climate risks.
InsuResilience Solutions Fund
Update

Alive and uninsured: rebuilding businesses after hurricanes

To fill the insurance gap and unlock cash more quickly, parametric microinsurance is increasingly seen as an option to help cushion the financial blow of ever-more-frequent hurricanes.
Context
Update

Twenty-five years of building resilience in Taiwan: Looking back at the 1999 Chi-Chi earthquake

Taiwan is a powerful example of a comprehensive approach to earthquake resilience, not only through physical and economic aspects but also social and organizational dimensions.
Moody's Investors Service
Update

Developing a trigger-based finance framework for climate related disasters

A new initiative in Malawi aims to enhance the capacity of vulnerable communities to anticipate, manage, and recover from large-scale flooding events.
InsuResilience Solutions Fund
Hurricane Hector - August 2018
Update

Hurricane Helene devastates inland areas of North Carolina. Expect more damage more frequently, warns Northeastern researcher

The damage caused by Hurricane Helene is proof that the U.S. must adapt building and insurance practices to a new reality as these natural hazards become normalized, says Northeastern professor Daniel Aldrich.
Northeastern University
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