insurance

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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Seguro Agrícola Índice para la Reducción del Riesgo de Desastre: Sistematización del Fondo de Mitigación del Riesgo Agrícola (FMRA) en Bolivia

Este recurso documenta un innovador esquema de seguro agrícola basado en índices, desarrollado y piloteado por la alianza PROFIN-PROSUCO-F-UNAPA en cuatro municipios del Altiplano Norte de Bolivia — Patacamaya, Tiwanaku, Batallas y Achacachi — en el marco del Programa de Reducción del Riesgo de Desastres (PRRD) financiado por la Agencia Suiza para el Desarrollo y

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

The Turkish Catastrophe Insurance Pool (TCIP) is a compulsory public-private earthquake insurance scheme established in 2000 in response to the devastating 1999 Marmara earthquake, which killed 15,000 people and placed enormous fiscal strain on the Turkish government. Turkey is one of the most earthquake-exposed countries in the world, with around 70% of its population and

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Caribbean Catastrophe Risk Insurance Facility (CCRIF): Regional Parametric Insurance and Sovereign Disaster Risk Financing

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is the world’s first multi-country, multi-peril catastrophe risk pool, owned and operated by Caribbean governments. Launched in 2007 in response to the devastation caused by Hurricane Ivan in 2004, CCRIF was designed to limit the financial impact of catastrophic hurricanes and earthquakes — and more recently excess rainfall

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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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