The insurance industry, a sector with assets worth around USD 15 trillion, needs to urgently step up its low-carbon investments and prepare its portfolios for climate-related financial risks, according to an Asset Owners Disclosure Project report.
Every year natural and man-made catastrophes cause a distressing loss of lives and considerable economic costs around the world. Both industrialised and developing countries are affected, and surprisingly, both are also materially underinsured.
This brief describes the implementation of index-based flood insurance (IBFI) in countries with large smallhold farming communities to insure farmers against flood losses. The brief outlines the objectives of the IBFI scheme in Bihar, India and identifies key challenges and recommendations.
This brochure presents the main findings of a study into insurance mechanisms dealing with climate-related extreme weather events. Insurance has attracted much attention as a tool in climate risk management in this context.