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Edition 02/2018

InsuResilience Newsletter

Dear reader,
 
Welcome to the third edition of the InsuResilience Newsletter. We look back on three very dynamic months: The InsuResilience Global Partnership has welcomed new members and working groups are currently being formed to investigate a number of focus topics. Several events worldwide highlighted the need for disaster risk finance and insurance solutions, including the UN Climate Change Conference in April in Bonn, Germany. International negotiations stressed the need for a sound impact evaluation of future and already existing disaster risk finance and insurance schemes to ensure their sustainability. Addressing this need, this edition puts a spotlight on monitoring and evaluation. We hope you enjoy reading our newsletter!



IN FOCUS: monitoring and Evaluation

InsuResilience in conversation with: Fatou Assah, Global Index Insurance Facility (GIIF)

Woman with harvest

Q: What are the desired impacts and outcomes that the Global Index Insurance Facility (GIIF) projects are working towards, and how are these being monitored? 
A: Since 2009, the GIIF has worked to provide catastrophic risk transfer solutions and stimulate all aspects of agricultural insurance - from product innovation to implementation - in more than 30 developing countries and emerging markets in Africa, Asia Pacific, and Latin America. Being part of the World Bank Group’s Climate and Risk Management unit, in the Finance, Competitiveness & Innovation (FCI) Global Practice, we approach insurance solutions by focusing on the increasingly detrimental effects of climate and disaster risks that put millions on the brink of destitution ...

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LATEST NEWS FROM THE GLOBAL PARTNERSHIP

Workshop at Innovate4Climate: Innovative insurance solutions for climate risk finance within the InsuResilience Global Partnership

Frankfurt, 23 May 2018. Members and partners of the InsuResilience Global Partnership emphasised the advantage of building partnerships between civil society, the private and public sector to leverage funding and feature innovative approaches helping the poor and vulnerable to better manage increasing climate risks. At a workshop hosted by InsuResilience Secretariat and KfW Development Bank at this year’s Innovate4Climate forum in Frankfurt, representatives from the public and the private sector discussed how to foster cooperation between all stakeholders in implementing sustainable solutions in the field of disaster risk finance towards a climate-resilient development ...

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R4: African smallholder farmers get insurance payouts of US$ 1.5 million after low rainfall

Rome, 9 May 2018 – Poor rainfall in parts of Africa has triggered the largest insurance pay-out to date for vulnerable farmers under an innovative climate risk management scheme known as the R4 Rural Resilience Initiative (R4). Farmers participating in R4 – launched by the United Nations World Food Programme (WFP) and Oxfam America in 2011 – will receive insurance payments totalling US$ 1.5 million to compensate for weather-related crop losses in Ethiopia, Kenya, Malawi, Senegal and Zambia ...

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Upping Our Game - A crop insurance project in Honduras proves wildly successful


A recent article on an insurance initiative in Honduras, largely funded by CCAFS, highlighted successes in that project. Participatory processes are at the heart of the project and have been credited with stimulating demand. “Participatory processes have always been a big component of our work, but this is on a whole new level,” said Dan Osgood, an economist leading the work from the International Research Institute for Climate and Society at Columbia University ...

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Ocean Risk Summit: Resilience of the ocean through new financing approaches

More than 200 participants from the private and public sector including environmental and insurance experts met for the first Ocean Risk Summit from 8-10 May. The summit focused on the challenges posed by climate change and environmental pollution and represented innovative solutions strengthening the resilience of the ocean in the long term ...

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GIZ / DLR project presented at the Understanding Risk Forum in Mexico City


From May 14th to May 18th the fifth global Understanding Risk (UR) Forum took place in Mexico City, which is hosted by the World Bank every two years. The global UR community of more than 8,000 experts and practitioners deals with the creation, communication and use of disaster risk information. This year's agenda made it clear that new technologies and digital applications have taken a very significant place ...

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The value of mangroves for reducing flood damages to coastal communities

Coastal communities of the global south are highly vulnerable to impacts of climate change, due to high exposure to climate related risks and lack of coping strategies. Very often coastal fishing communities are among the poorest in terms of relative poverty and local governments do not have appropriate risk management strategies in place ...

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Announcements

INVITATION: IIS Global Insurance Forum Day 3 on 11th of July, Berlin


The InsuResilience Secretariat is delighted to invite you to the Global Insurance Forum, hosted by the IIS and The Institutes, with a full day dedicated to Insurance for Global Development & Resilience in collaboration with InsuResilience Global Partnership and the Insurance Development Forum (IDF) ...

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Call for proposals: Challenge Fund, Deadline 30 June 2018


The Global Facility for Disaster Reduction and Recovery (GFDRR), the World Bank, the UK Department for International Development (DFID), and the Centre for Global Disaster Protection, have launched a new Challenge Fund window to pilot the development of innovative risk financing mechanisms, and align global innovation with on-the-ground user needs ...

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Impact Insurance Academy, 10-14 September 2018

The ILO's Impact Insurance Facility, the International Training Centre of the ILO and partners are very excited to announce the first Impact Insurance Academy in Turin, Italy, a unique opportunity to learn from a decade of experience of the Facility in inclusive insurance. Are you part of an insurance company, microfinance institution, distribution channel, regulatory authority or development agency and interested in discussing ways of developing inclusive insurance?

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New publications

Impact evaluation of climate risk insurance approaches, MCII Discussion Paper Series

This paper proposes an innovative impact measurement framework for assessing the resilience impact of climate risk insurance at the micro-level, concentrating on the household as the main unit of analysis, and building on the 3A capacities (anticipate, absorb, adapt) approach. In doing so, it aims to close the ‘resilience gap’ of existing impact evaluations by focusing on how climate risk insurance influences shock management strategies and wellbeing levels in the short and long term ...

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Upcoming Events

02-06 July 2018 10th International Congress on Disasters
Havanna, Cuba
09-11 July 2018 IIS Global Insurance Forum
Berlin, Germany
12 July 2018 International Conference on Climate Change and Fragility in the Asia-Pacific Region
Tokyo, Japan
26-27 July 2018 2nd International Conference on Natural Hazards and Disaster Risk Management
Melbourne, Australia
26-30 August 2018 International Disaster Risk Conference
Davos, Switzerland
24-30 September 2018 Climate Week NYC
New York City, USA
For more events check our website

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The Secretariat of the InsuResilience initiative is hosted by GIZ on behalf of the Federal Ministry for Economic Cooperation and Development

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Email: secretariat@insuresilience.org

Registered offices
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Photo credits:
GIIF, InsuResilience Secretariat, WorldFish, E. Gawthrop, XL Catlin, NASA Earth Observatory, Ricardo’s Photography, InsuResilience Secretariat, World Bank, ILO, MCII

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