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Coastal City Adaptation Project’s use of risk finance in Mozambique

1 week, 2 days ago
Posted in: Africa, Catastrophe risk management, Disaster Risk Finance, Insurance

increasing climate resilience through risk finance (288.7 KB)

In a report on Mozambique, Marsh & McLennan Companies elaborate on the ways that risk financing can enhance climate risk and catastrophe risk resilience in developing countries. Using specifically the example of USAID’s Coastal City Adaptation Project in Mozambique, the authors describe the successes and challenges of the project.

 

The City Adaptation Project decreases the exposure to rising sea levels and weather events by training local communities, promoting mitigation ...


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KLIP Infographic

Kenya Livestock Insurance Programme - Successes and Lessons Learned by STA

1 week, 4 days ago
Posted in: Africa, Agricultural Insurance, Climate Change, Insurance

KLIP Infographic (3.2 MB)

Drought-related livestock mortality remains largely uninsured and threatens the livelihood of pastoralists in the Arid and Semi-Arid lands of Kenya. The government of Kenya launched an index-based livestock insurance, the so-called Kenya Livestock Insurance Program (KLIP) in 2015 as a viable tool for insuring pastoralists’ livestock against drought-related risks and hence reducing poverty as well as offering a measure for climate change adaptation.


 In order to support the successful operation ...


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Nairobi 2018 group photo

Second Edition of “Index-Based Livestock Insurance Seminar” in Nairobi, Kenya

1 week, 4 days ago
Posted in: Africa, Agricultural Insurance, Climate Change, Insurance, Mitigation

In response to the very positive feedback and high level of participation from the Members of the Kenyan Parliament to the “Executive Seminar on Index-Based Livestock Insurance” in April 2018 (https://mombasa-2018.climate-risk-transfer.org/), the Strategic Alliance on Climate Risk Transfer Solutions, a collaboration between Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and Swiss Reinsurance Company Ltd., provided a second edition of this seminar on the 24th of July, this ...


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Enabling Climate Risk Investments in Developing Countries

2 weeks, 1 day ago
Posted in: Africa, Agricultural Insurance, Asia, Catastrophe risk management, Climate Change, Disaster Risk Finance, Mitigation

In a recent blog article, Global Parametrics CEO Hector Ibarra urged investors to make use of commercial opportunities and invoke transformational change in low-income countries by investing in climate risk innovations. In recognition of recent progress of the political and private sector, new insurance models should complement traditional insurance models to help build resilience against floods, droughts and storms in low-income countries in Africa, Asia, and Latin America.

 

In the ...


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Fewer disasters, less loss in first half of 2018 by Munich Re

3 weeks, 3 days ago
Posted in: Africa, Asia, Catastrophe risk management, Insurance

Natural catastrophe review 2018/I - Munich Re (220.9 KB)

The Munich Re NatCatSERVICE registered approximately 430 relevant natural disasters in the first half of 2018. All loss events are recorded that have resulted in property damage and/or involved fatalities. Different threshold values are used for property losses according to a country’s level of development.

The latest article of re-insurance company Munich RE states that in the first half of 2018 losses from natural disasters were "significantly lower ...


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