India is one of the most vulnerable countries to the impacts of climate change, ranking 7th out of 181 in the Global Climate Risk Index 2021. More than 75% of Indian districts are hotspots for extreme climate events.

This discussion paper highlights opportunities in 2022 in the various policy forums of international climate, development, and humanitarian policy, to narrow the protection gap through Climate and Disaster Risk Finance and Insurance (CDRFI).

The Ministry of Road Transport and Highways, in consultation with the Insurance Regulatory and Development Authority of India, has published Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022 vide notification dated 25.05.2022. The rules shall come into force on 1st June, 2022.

WFP is making climate risk insurance solutions work for food insecure populations. In 2021, WFP protected over 2.7 million people in 18 countries with climate risk insurance, getting closer to reaching its target of 4 million people by 2026.

This report focuses on the role of insurance in addressing climate risks in cities. The objectives of the report are to provide a common understanding of the current role of the insurance sector in the urban space related to climate resilience and to identify barriers and opportunities for closing the protection gap for climate risk.

Climate and disaster risk finance and insurance (CDRFI) solutions can play an essential role in climate change adaptation, enabling governments, businesses, and individuals to protect their financial security in the event of shocks and providing information and incentives for improved management of risks.

The Ministry of Road Transport and Highways (MORTH) on August 05, 2021 has issued the Draft Central Motor Vehicles (Motor Vehicle Accident Fund) Rules, 2021.

This case study presents the lessons learned from a digital transformation project in the field of index insurance, undertaken by the National Agricultural Insurance Company of Senegal (CNASS) with the support of the World Food Programme and Sofrecom.

Climate change will have an impact on natural resources, water being one of them, affecting the availability of water including increasing the intensity of floods and droughts.

The Insurance (Amendment) Bill, 2021 was introduced in Rajya Sabha by the Minister of Corporate Affairs, Ms. Nirmala Sitharaman, on March 15, 2021. The Bill amends the Insurance Act, 1938.

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