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Climate Insurance

Welcome to the "Climate Insurance" database, a joint project between the Global Index Insurance Facility (GIIF), Munich Climate Insurance Initiative (MCII), and the German Corporation for International Cooperation GmbH (Deutsche Gesellschaft für Internationale Zusammenarbeit, GIZ), commissioned by the German Ministry for the Environment, Nature Conservation, Building and Nuclear Safety. This database shares the experiences of numerous international organizations in the field of risk transfer and insurance solutions to climate risk management. Its main objective is to share best practices and innovative solutions to contribute to successful and sustainable climate risk insurance projects in climate-vulnerable countries.
 

On this database, users can find factsheets, InFocus, videos, and reports which they can filter by type, topic, country, region, or organization. The factsheets show the experiences of international organizations with relevant projects on climate risk insurance to identify lessons-learned, challenges, best practices and innovative solutions. The InFocus identifies and focuses on one technical topic within a climate risk insurance project and pinpoints the barriers, necessary steps, remedial actions, and overall recommendations. The videos and reports give more in-depth information on specific aspects of climate risk insurance. 

If you are interested in sharing your knowledge on the Climate Insurance database, please contact mcii@ehs.unu.edu.

** What are factsheets and InFocus documents in this section?

Product Development: Design of a flood cover insurance for SMEs in industrial zones

Product Development: Design of a flood cover insurance for SMEs in industrial zones

Date:
Author:
GIZ
Topics:
Product Development
In Morocco, on behalf of the German Federal Ministry for Economic Cooperation and Development, the Public-Private Partnership between Allianz Reinsurance and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH focused on developing climate risk management approaches for small and medium-sized enterprises (SMEs) in industrial zones, including prevention measures and risk transfer solutions, with the aim to reduce their overall risk exposure. A need for new, innovative insurance products protecting SMEs in the industrial zones against climate risks arose, because several
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Moroccan and Ghanaian MSME Resilience in the face of COVID-19

Moroccan and Ghanaian MSME Resilience in the face of COVID-19

Date:
Author:
GIZ
Topics:
Market Development
Enabling Policy Environment
On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and Allianz RE joined forces to support vulnerable communities in Morocco and Ghana in developing integrated risk management approaches for climate risks. In Morocco, the implemented risk management activities of this Public-Private Partnership are targeted at Small and Medium Sized Enterprises (SMEs) located in Industrial Zones (IZ). The Ait Melloul Industrial Park was selected as a pilot IZ, because it has an economic value for the
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Developing Climate Risk Management Approaches for SMEs in Morocco

Developing Climate Risk Management Approaches for SMEs in Morocco

Date:
Author:
GIZ
Topics:
Market Development
Public-Private Sector Partnerships
The industrial zone in Aït Melloul was selected as a pilot zone due to its historical exposure to flash floods which have caused significant financial losses. It lies in the Souss Massa region, 20km from the port of Agadir. This industrial zone is managed by the local government in close cooperation with the business association Association des Investisseurs de la ZI d’Aït Melloul (ADIZIA) and hosts approximately 300 enterprises, most of which are SMEs operating in the food processing industry. Overall, 25,000 employees depend directly or indirectly on business in this industrial zone. The
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MSME Resilience in Morocco in the face of COVID-19

MSME Resilience in Morocco in the face of COVID-19

Date:
Author:
GIZ
Topics:
Market Development
Enabling Policy Environment
MSMEs, significant driver of employment and GDP in Morocco. Micro, small and medium enterprises (MSMEs) are vital to the Moroccan economy, accounting for more than 30% of gross domestic product (GDP) and representing more than 70% of jobs (African Development Bank Group, 2021). However, challenges precede the COVID-19 pandemic. Despite the significant contribution of MSMEs to economic growth and livelihoods in Morocco, their development has been constrained by challenges that precede the advent of the COVID-19 pandemic. These challenges include inadequate access to credit and a lack of
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Developing Risk Management Approaches for Climate Risks

Developing Risk Management Approaches for Climate Risks

Date:
Author:
GIZ
Topics:
Market Development
Public-Private Sector Partnerships
The Strategic Alliance GIZ-Allianz-BIMA is a collaboration between the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, Allianz SE, Allianz Re and BIMA MILVIK, which joined forces to support governments, SMEs and households across the globe in strengthening their risk management plans. On the topic of climate risk, the project is currently working in Morocco and Ghana, developing integrated risk management solutions that incorporate insurance products. Vulnerability to climate change and natural disasters is increasing worldwide. Strategies must be developed to better
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Paraguay: Integrated Risk Management in Livestock Value Chains

Paraguay: Integrated Risk Management in Livestock Value Chains

Date:
Author:
GIZ
Topics:
Market Development
In Paraguay, the agricultural sector continues to be the most important economic sector, with high relevance for national economic growth. While traditionally, there has been a strong track record and concentration of public resources on cattle production, the rather non-traditional sectors of small animal husbandry have become an increasingly important source of income for vulnerable rural households. Yet, the producers and other actors of the value chain face different risks: recurring inundations blocking access roads or the outbreak of animal diseases in production clusters can interrupt
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Strengthening the resilience of the vulnerable rural population

Strengthening the resilience of the vulnerable rural population

Date:
Author:
GIZ
Topics:
Market Development
Enabling Policy Environment
The agricultural sector is a key segment of the Paraguayan economy, representing 30% of gross domestic product, 40% of exports, and the source of employment for a large majority of the rural population.1 Given the importance of this sector, agricultural risks are key to the economic and social health of Paraguay. Family farmers and their households, representing 90% of the total farms, are the ones most at risk of being trapped or falling into poverty due to external shocks and to the lack of adequate protection mechanisms. Due to the country’s subtropical temperate climate, characterized by a
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Climate Risk Insurance in the Caribbean: 20 Lessons Learned from the Climate Risk Adaptation and Insurance in the Caribbean (CRAIC) Project

Climate Risk Insurance in the Caribbean: 20 Lessons Learned from the Climate Risk Adaptation and Insurance in the Caribbean (CRAIC) Project

Date:
The Climate Risk Adaptation and Insurance in the Caribbean (CRAIC) was one of the first projects of its kind in the Caribbean region and was designed as a project focused on learning and continuous improvement. The CRAIC project consortium aimed to capture the lessons learned during implementation, build on best practices, and—when required—take corrective action along the way. The lessons learned by the CRAIC implementers are applicable to other small island and coastal states that have an interest in developing and implementing similar microinsurance schemes to support vulnerable populations
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Advancing Caribbean Climate Adaptation through Natural Solutions

Advancing Caribbean Climate Adaptation through Natural Solutions

Date:
Author:
GIZ

The impacts of climate change are increasingly severe and the need for action is more urgent than ever. Caribbean islands are among the world’s most vulnerable, with storm frequency and intensity, flooding, wind damage and sea level rise all predicted to worsen, increasing threats to hospitals, power plants, freshwater sources, roads, houses and schools. Island communities must work together to prepare for disasters caused by natural phenomenon and minimize the impacts they will endure. Evidence shows that key ecosystems, like coral reefs and mangroves, can help reduce these risks while

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ACRI+ Advancing Climate Risk Insurance plus

ACRI+ Advancing Climate Risk Insurance plus

Date:
Author:
GIZ, MCII
The overall aim of the project is to increase resilience to extreme weather events by devising on an integrated climate risk management approach that includes insurance. The ACRI+ project worked to collect the experiences and best practices from different organizations across the globe and promote these findings at international conferences and workshops, as well as on their online database “Climate Insurance”.
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