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

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

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

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

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

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”.

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

The overall aim of the project is to prepare the ground for implementing risk transfer solutions within an integrated flood risk management approach for SMEs in an industrial park in Morocco, near Agadir.

The core objective of the project is to increase resilience to extreme weather events for SMEs in the Industrial Zone AÏt Melloul.