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

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

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

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

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+) 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.

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

The overall aim of the project is to improve the affordability of high-quality sovereign catastrophe risk transfer associated with earthquakes and climate-related events of CCRIF participating countries.