Insurance and risk transfer

The Insurance Development Forum (IDF), and BMZ through the InsuResilience Solutions Fund (ISF) and the United Nations Development Programme (UNDP) launched a groundbreaking project to develop a flood insurance solution for Accra in 2022.

Insurance that pays out pre-set sums instead of indemnifying losses is becoming more common as floods, hurricanes and heatwaves intensify.

In the second episode of Risk REconsidered, we take a closer look at the 2024 hurricane season, discuss the role of hurricane forecasts for insurers and examine drivers of storm losses.

ISF is co-funding the development and implementation of a new parametric insurance solution in Honduras in collaboration with a consortium led by Europa Re.

The Special Representative of the UN Secretary General for Disaster Risk Reduction, Kamal Kishore, has called for more homegrown solutions in the Pacific region to tackle disaster risks and close the protection gap.

New agricultural insurance products have been launched today tailored for smallholder horticulture farmers in Uzbekistan. The insurance covers six key crops across five region to aid climate-vulnerable horticulture farmers.

As climate change increases the threat of extreme weather, manufacturers must have the proper infrastructure and insurance policies to protect employees and facilities against the risk of flooding.

As communities in Small Island Developing States experience these challenges firsthand, climate risk insurance is emerging as a potential tool to help families and local businesses recover more quickly and build resilience.