Got it covered? Insurance in a changing climate
The insurance industry, a sector with assets worth around USD 15 trillion, needs to urgently step up its low-carbon investments and prepare its portfolios for climate-related financial risks, according
Insurance
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Don’t give insurance without PUC, IRDA told
The road transport ministry has asked the insurance regulator to direct all companies not to issue or renew insurance of vehicles unless they have ‘pollution under control’ (PUC) certificate. As per
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Nigeria and ARC sign MoU on climate risk financing
The Government of Nigeria has signed a Memorandum of Understanding with the African Risk Capacity to work together to address the impact of extreme weather events in Nigeria, including training support
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African Ministers discuss innovative financing mechanisms to respond to climate change
Ministers of Finance, Agriculture and Governors of Central Banks from African countries have called for further innovative financing mechanisms to deal with the impact of climate change, which has led
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Parliament urged to consider mandatory insurance for farms near game reserves
Kenya Parliament has been asked to consider passing laws to direct farm owners living near national game reserves and parks to take up mandatory insurance policies for protection against damages by animals.
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Closing the protection gap- disaster risk financing: smart solutions for the public sector
Every year natural and man-made catastrophes cause a distressing loss of lives and considerable economic costs around the world. Both industrialised and developing countries are affected, and surprisingly,
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Facing risk: options and challenges in ensuring that climate/disaster risk finance and insurance deliver for poor people
This report assess the value of insurance as an approach to reducing climate and disaster risk among poor and vulnerable people and identifies key options and challenges. It assesses the InsuResilience
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Index-based flood insurance (IBFI) in Bihar
This brief describes the implementation of index-based flood insurance (IBFI) in countries with large smallhold farming communities to insure farmers against flood losses. The brief outlines the objectives
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Climate insurance scheme targets women farmers in Africa, Asia
A major insurance scheme launched on Thursday aims to help up to 4 million poor people in Africa and Asia rebuild their lives after climate disasters, its backers said. The insurance programme - covering
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Climate insurance and water-related disaster risk management: unlikely partners in promoting development?
There is a growing consensus that insurance, risk transfer, and sharing mechanisms have an important and growing role to play, particularly in offsetting the economic impacts associated with extreme events.