Insurance and 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. Risk insurance is a key disaster risk management activity.

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

Latest Insurance & risk transfer additions in the Knowledge Base

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Aerial image of a completely ruined roof after a severe storm
Update

Yokahu, a leading innovator in parametric insurance, today announced the launch of cat-risk.com, the first independent, many-to-many parametric exchange for the London re/insurance market.

Yokahu
Update

Two decades after one of the most powerful earthquakes in history devastated SE Asia, this article examines how new technologies, research and global co-ordination can help increase resilience to future tsunamis.

WTW
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Documents and publications

This policy note outlines a structured approach to mobilizing public-private solutions that can leverage insurance markets, risk sharing mechanisms, and development partnerships.

Global Shield Financing Facility
Update

Samoa Surety Insurance and the United Nations will unveil a groundbreaking bundled insurance product this Friday designed to safeguard low-income households in Samoa from the financial impacts of extreme climate events and other risks.

Samoa Observer
A pile of insurance papers
Update

Rising insurance costs leave many Australians uninsured, worsening cyclone damage recovery. The Cyclone Reinsurance Pool lowers premiums but is insufficient. Experts urge insurer reforms and climate-adaptive rebuilding to address growing disaster risks.

Conversation Media Group, the
A farmer tends to his maize crop in Talquezal, Guatemala
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To protect smallholder maize and rice farmers from climate-related hazards, the InsuResilience Solutions Fun partnered with an international consortium to develop the country's first parametric insurance solution for smallholder farmers.

InsuResilience Solutions Fund
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The Insurance Development Forum launched a US$9.25 million macroinsurance policy for Syria that will trigger a payout in the event of a drought in strategic food production areas, designed to support the World Food Programme's operations.

Insurance Development Forum
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Fire insurance is becoming increasingly expensive and hard to come by in areas ravaged by wildfire in recent years, fueled by high paid loss ratios among insurers. New Mexico's state government is looking to intervene.

NPR
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