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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?

Roadmap for Integrated Climate Risk Management in Ghana

Roadmap for Integrated Climate Risk Management in Ghana: Flood Risk Management & Transfer

Date:
Author:
Heike Allendorf. Contributors: Matthias Range (GIZ), Akua Acheampomaa Asante (GIZ)
Natural disasters and their associated damages severely impact people around the world every year. Increases in exposure and vulnerability at a global level, linked to the multiple concurrent trends such as climate change, population growth and globalization of supply chains are making it imperative to find strategies to manage disasters more holistically. Integrated Disaster Risk Management (IDRM) is an approach for dealing with the risk and manifestation of natural disasters. It is characterized by a holistic perspective with regards to the various components of risk management. IDRM differs
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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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Ghanaian MSME Resilience In the face of COVID-19

Ghanaian MSME Resilience In the face of COVID-19

Date:
Author:
GIZ
Topics:
Market Development
Enabling Policy Environment
MSMEs are one of the most important, yet vulnerable, drivers of development in sub-Saharan Africa (SSA). This stems from the fact that, while micro-, small and medium-sized enterprises (MSMEs) are known to support over 50% of all livelihoods on the continent (both formal and informal), these firms often face a plethora of heterogenous risks that regularly put their survival and continuous operations in jeopardy. These risks can range from those faced uniquely at a firm level (such as credit, crime and infrastructural risks) to those endured at a much larger, systemic scale (such as climate
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From Innovation to Learning: Creating Climate and Disaster Risk Finance and Insurance (CDRFI) Evidence Roadmap

From Innovation to Learning: Creating Climate and Disaster Risk Finance and Insurance (CDRFI) Evidence Roadmap

Date:
There is growing awareness of the need for rigorous climate and disaster risk finance and insurance (CDRFI) evidence. MCII is shepherding a process to development an evidence roadmap to generate strategic analytics, promote evidence-based action, and develop (and share) best practice. This process kicked off at a virtual workshop, hosted by the Munich Climate Insurance Initiative (MCII) in partnership with the InsuResilience Global Partnership, from 8-11 September, 2020. The workshop was based on a series of evidence briefs, drafted by experts and capturing the state of knowledge in a variety
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Adapt now: A Global Call on Leadership for Climate Resilience

Adapt now: A Global Call on Leadership for Climate Resilience

Content owner:
Adapt now: A Global Call on Leadership for Climate Resilience
Date:
Author:
Global Commission on Adaption

This GCA report focuses on making the case for climate adaptation, providing specific insights and recommendations in key sectors: food security, the natural environment, water, cities and urban areas, infrastructure, disaster risk management, and finance. It is designed to inspire action among decision-makers, including heads of state and government officials, mayors, business executives, investors, and community leaders. GIIF's KLIP (Kenya livestock insurance program) were featured in the report under Public Finance.

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Roadmap for Integrated Climate Risk Management: Flood Risk and Micro, Small and Medium Enterprises in Morocco

Roadmap for Integrated Climate Risk Management: Flood Risk and Micro, Small and Medium Enterprises in Morocco

Content owner:
ACRI+
Date:
Author:
GIZ, MCII

This roadmap is developed from work undertaken on ICRM through the “Advancing Climate Risk Insurance plus” (ACRI+) implemented by the Deutsche Gesellschaft für International Zusammenarbeit (GIZ) GmbH and the Munich Climate Insurance Initiative (MCII). In Morocco, ACRI+ is working with Micro, Small and Medium Enterprises (MSMEs) in the Ait-Melloul industrial zone to support the development of financial and strategic capacities for managing climate risks, particularly from flooding, with a focus on the potential role of risk transfer. La gestion intégrée des risques climatiques (ICRM) est une

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Roadmap for Integrated Climate Risk Management: Drought Risk in Ghana’s Agricultural Sector

Roadmap for Integrated Climate Risk Management: Drought Risk in Ghana’s Agricultural Sector

Content owner:
ACRI+
Date:
This roadmap is developed from work undertaken on ICRM through the “Promoting Integrated Mechanisms for Climate Risk Management and Transfer” project (“ICRM project”) implemented by the Deutsche Gesellschaft für International Zusammenarbeit (GIZ) GmbH and the Munich Climate Insurance Initiative (MCII). In Ghana, the ICRM project is working across three Workstreams within the agriculture sector: (1) sovereign drought risk insurance, (2) building capacities for risk prevention and risk reduction and (3) the development of insurance products for commercial agricultural actors.
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Roadmap for Integrated Climate Risk Management: Climate Risk Management in China’s Urban Infrastructure

Roadmap for Integrated Climate Risk Management: Climate Risk Management in China’s Urban Infrastructure

Content owner:
ACRI+
Date:
This roadmap is developed from work undertaken on ICRM through the “Advancing Climate Risk Insurance plus” (ACRI+) implemented by the Deutsche Gesellschaft für International Zusammenarbeit (GIZ) GmbH and the Munich Climate Insurance Initiative (MCII). In China, the ACRI+ project is working with public and private stakeholders to improve the resilience of urban areas and especially urban infrastructure prone to mid-long term climate and disaster risks.
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Roadmap for Integrated Climate Risk Management: Climate Risk in Barbados’ Renewable Energy Sector

Roadmap for Integrated Climate Risk Management: Climate Risk in Barbados’ Renewable Energy Sector

Content owner:
ACRI+
Date:
This roadmap is developed from work undertaken on ICRM through the “Advancing Climate Risk Insurance plus” (ACRI+) proejct implemented by the Deutsche Gesellschaft für International Zusammenarbeit (GIZ) GmbH and the Munich Climate Insurance Initiative (MCII). In Barbados, the ACRI+ project is working with stakeholders to improve the resilience of existing and future renewable energy generation, transmission and distribution infrastructure to climate and disaster risks.
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Finance & Insurance Toolkit for the Renewable Energy Sector in Barbados

Finance & Insurance Toolkit for the Renewable Energy Sector in Barbados

Date:
Author:
ACRI+
ACRI+’s objective is to enhance local climate and disaster risk practices, therewith integrating residual risk into the disaster risk management cycle of prevention, preparation, response, and recover practices. ACRI+ operates in three countries with varying climate risks. In Barbados, ACRI+ supports local authorities with their envisioned renewable energy transition and aims to improve the resilience of existing and future renewable energy generation, transmission and distribution infrastructure towards extreme weather events. The Barbados Renewable Energy Association (BREA) is the local
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