Ä¢¹½´«Ã½

This policy brief aims to discuss whether and how insurance can support smart decisions around risk reduction, climate change adaptation, and loss and damage for the most vulnerable; and what this means for the role of multilateral climate funds supporting insurance mechanisms. It also presents novel analysis of the amounts of funding that some of the major multilateral and bilateral funds have so far approved for projects that include a climate risk insurance component. The brief further outlines different roles that multilateral climate funds have played, are willing to take, and should consider in supporting insurance mechanisms to effectively support climate resilience for the most vulnerable.