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Edition 03/2018

InsuResilience Newsletter

Dear reader,

Welcome to the third edition of the InsuResilience Newsletter in 2018. Since our last issue, the InsuResilience Global Partnership has welcomed two new members, the thematic working groups started their activities, and the winners of the 'Absorbing Climate Impacts' Contest organised by the InsuResilience Global Partnership and the UN Climate Resilience Initiative A2R in collaboration with MIT Climate CoLab have been announced. The contest sought innovative ideas how to link climate risk insurance with other forms of social protection. Since climate risk insurance is often most effective when integrated with other forms of social protection, this edition puts a spotlight on this important connection. 

Enjoy your read and stay tuned for the next edition!



IN FOCUS: Social Protection

Winners of Absorbing Climate Impacts Contest announced

Last month the winners of the 'Absorbing Climate Impacts' Contest, organised by the InsuResilience Global Partnership and the UN Climate Resilience Initiative A2R in collaboration with MIT Climate CoLab were announced. Out of an amazing 72 proposals, two winners were picked, one by an international expert jury and one by the general public. 

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InsuResilience in conversation with: Bijal Brahmbhatt, Director of the Mahila Housing SEWA Trust

The Mahila Housing SEWA Trust (MHT) won the Popular Choice award of the 'Absorbing Climate Impacts' Contest. The InsuResilience Secretariat talked with Bijal Brahmbhatt, Director of MHT, about their proposal, which seeks to tap women’s habit of saving to manage climate-induced risks through an innovate chit fund cum microinsurance scheme.

read more

Climate risk insurance mechanisms and social protection systems: Mutually reinforcing resilience for food insecure communities

Social protection has increasingly come into focus as a tool for poverty reduction with the adoption of the Sustainable Development Goals (SDGs) and in particular SDG 1 to end poverty in all its forms everywhere. The targets of Goal 1 include implementing nationally appropriate social protection systems and measures for all, as well as building the resilience of the poor and those in vulnerable situations through reducing their exposure and vulnerability to climate-related extreme weather events. 

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LATEST NEWS FROM THE GLOBAL PARTNERSHIP

International humanitarian organisations replicate insurance cover: ARC Replica revolutionises international emergency aid

In cooperation with the United Nations World Food Programme and START Network, the African Risk Capacity (ARC) is piloting its new Replica concept with Mali, Mauritania and Senegal in a two-year-pilot phase. ARC Replica allows international humanitarian actors to top up (“replicate”) the insurance coverage of countries which have already bought ARC policies. More emergency aid can be released in the event of a disaster as a result.

read more

Ground-breaking open source platform to be used for catastrophe modelling in the Philippines and Bangladesh

In June, Oasis LMF was awarded funding by the International Climate Initiative (IKI) of the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) for an international collaboration to improve climate and catastrophe risk resilience in the Philippines and Bangladesh. Through this project an international collaboration will co-develop new catastrophe models for flood in the Philippines and cyclone in Bangladesh on the open-source Oasis catastrophe modelling platform. The models will be made available for public sector as well as for re/insurance use.

read more

Partnering with the World Bank to close the protection gap

The incessant drumbeat of the headlines notwithstanding, most parts of the world are indeed becoming safer, more resilient and more prosperous. Nonetheless, the economic progress many developing countries are making is put at risk when a catastrophe hits. Brendan Plessis, the Executive Vice-President of Emerging Markets, AXA XL, explains what the World Bank is doing to close the protection gap.

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Announcements

Save the date: 2nd InsuResilience Global Partnership Forum on 10 December 2018 in Katowice, Poland


On December 10, the annual InsuResilience Global Partnership Forum will take place in Katowice, Poland, back to back with COP24. The forum will offer the opportunity to meet other stakeholders of the Partnership and to exchange experience and share knowledge in the field of climate and disaster risk finance and insurance.
Further details and a registration link are upcoming!


Understanding Risk Finance (URf) Pacific


On October 16-19, 2018 policy-makers and experts from Pacific Islands and around the world will gather in Port Vila, Vanuatu for the Understanding Risk Finance Pacific (URf Pacific) forum, co-organized by the World Bank’s Disaster Risk Financing and Insurance Program (DRFIP) and the Government of Vanuatu. Over four days of exciting discussions and in-depth trainings, URf Pacific will offer a platform to explore the challenges and opportunities of managing disaster risk in Pacific Island Countries (PICs), and Small Island States more broadly.

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Impact Insurance Forum 2018: 10 years of Impact Insurance


The ILO’s Impact Insurance Forum provides an interactive and open environment for discussing lessons learned and exchanging experiences on forefront issues confronting practitioners working in inclusive insurance. The Forum is a pre-conference session that is part of the 14th International Microinsurance Conference, which is hosted by the Microinsurance Technical Advisory Group of Zambia (TAG) and the Munich Re Foundation in cooperation with the MiN. The Impact Insurance Forum is open to all conference participants.

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New publications

ICLEI Resilient Cities Report 2018

The ICLEI Resilient Cities Report 2018 tracks local process on resilience targets of SDG 11. The report is based on the outcome of the 9th Global Forum on Urban Resilience and Adaptation which took place from 26-28 April 2018 in Bonn, Germany.

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MCII Discussion Paper on Climate Risk Insurance and 'Good Governance'

MCII’s newest discussion paper by Rosemary Forest kicks of the important debate around transparency, accountability and participation in the context of sovereign risk pools. Focusing on CCRIF, PCRAFI and ARC, it aims to improve understanding of how the three requirements apply in the context of regional risk pools and develops corresponding assessment criteria against which the pools are evaluated. The paper outlines a set of recommendations for several stakeholders which are highly worth considering in going forward.

read more

Upcoming Events

27-28 Sept 2018 International Dialogue Platform on Forecast-based Financing
Berlin, Germany
02-03 Oct 2018 1st Inclusive Insurance Conference
Bangkok, Thailand
04 Oct 2018 InsurTech Summit 2018
Bangkok, Thailand
17-19 Oct 2018 6th Asia Pacific Climate Change Adaptation Forum
Manila, Philippines
06-08 Nov 2018 14th International Microinsurance Conference
Lusaka, Zambia
10 Dec 2018 2nd InsuResilience Global Partnership Forum
Katowice, Poland
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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Registered at
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Photo credits:
Aysan Amirghiyasvand, Mahila Housing SEWA Trust, Badre Bahaji, Jelka Lerche, Oasis, Logga Wiggler, InsuResilience Secretariat, World Bank, ILO, ICLEI, MCII

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