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Leveraging Catastrophe Bonds As a Mechanism for Resilient Infrastructure Project Finance

The RE.bound initiative has been developed by Rockefeller Foundation, Swiss Re, Goldman Sachs and RMS to link risk transfer coverage for cities with financing for resilient infrastructure. The initiative is developing an innovative version of catastrophe bonds which will provide insurance coverage for catastrophic risks while at the same leveraging the capital in the bonds to finance […]

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Disaster and Financial Planning

Disaster preparedness begins with a well-crafted personal financial plan based on your family’s values and goals. Ideally, you should develop a financial strategy with the help of professionals such as your family attorney and a financial specialist. These professionals can help you make informed, thoughtful decisions about your family’s present and future financial activities. Every

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After the Marmara Earthquake: Lessons for Avoiding Short Cuts to Disasters

‘This paper aims to explore a number of lessons learned from the disaster management experience in Turkey in response to the Marmara earthquake in August 1999. It discusses the shortcomings of disaster mitigation and preparedness measures in Turkey in the context of a disaster and development relationship, including a number of issues such as legislation

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Feasibility Study for Agricultural Insurance in Nepal

A feasibility study investigating the potential for agricultural insurance to be used as a financial risk transfer tool for small and marginal farmers in Nepal. The study outlines the core institutional, financial, and technical challenges to the introduction of agricultural insurance and then outlines a framework for overcoming these challenges to develop a sustainable, market-based

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Bolivia: Fondo de Mitigación del Riesgo Agrícola (FMRA)

Fundación PROFIN has developed an innovative index-based insurance scheme that has been piloted in four provinces in the North and Central Altiplano regions of Bolivia. The scheme combines incentives for pro-active risk reduction and a flexible, people-centered index mechanism. In this scheme the trigger is based on the production levels of reference plots of farmland

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Turkey: Addressing private risks – the Turkey Catastrophe Insurance Pool (TCIP)

The TCIP is an insurance pool which seeks to provide affordable insurance to homeowners, especially those in urban residential areas, and to reduce the fiscal exposure of the Turkish government by accumulating funds for future disasters, sharing portions of risk within the country, and transferring other portions of the risk to international reinsurance and capital

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Caribbean: Addressing public/sovereign risks – the Caribbean Catastrophe Risk Insurance Facility (CCRIF)

The CCRIF is a regional insurance facility owned and operated by 16 Caribbean governments. The facility insures the governments against the impacts of catastrophic hurricanes and earthquakes and allows them to access liquidity on short notice using parametric triggers. For earthquakes the triggers are based on USGS data on the location, intensity, and likelihood of

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Mexico’s Natural Disaster Fund – A Review

“As part of its disaster risk management efforts, the Federal Government of Mexico established the Fund for Natural Disasters FONDEN to support disaster relief and reconstruction. FONDEN was originally established as a budgetary tool through which federal funds were annually allocated for expenditure on post-disaster response. Since then, FONDEN has evolved significantly; changes to its

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