Topic: Climate and Disaster Risk Finance and Insurance

Report on Ecosystem-based Adaptation and Nature-based Insurance Solutions in the Philippines and Asia

This study aims to explore how Ecosystem-Based Adaptation (EbA) and Nature-Based Insurance Solutions (NbIS)
can effectively mitigate the impacts of climate-related hazards in the Philippines and in the region. It delves into
understanding the policy landscape, examining market practices through case studies, identifying challenges in
the sector, and proposing steps to scale EbA and NbIS solutions in the country.

Roadmap for Integrated Climate Risk Management in Ghana: Flood Risk Management & Transfer

This roadmap was developed as part of the project “Developing Risk Management Approaches for Climate Risks in Ghana” that was implemented by GIZ and Allianz Re in cooperation with local partners in Ghana. The roadmap describes both the approach taken and the route followed by the project partners in applying the Integrated Disaster Risk Management concept in the context of managing flood risk of public infrastructure assets owned or managed by the three municipalities of Accra.

Disaster Risk Finance – A Toolkit

The impacts of climate-related disaster risks are growing and disproportionately affect vulnerable countries. Finance that is available in a timely fashion after a disaster is crucial in order to increase financial resilience. The purpose of this disaster risk toolkit is to provide practical guidance on how to decide which disaster risk finance instruments are suitable for which circumstances.

Catalysing Finance and Insurance for Nature-based Solutions

Nature-based solutions can be an effective way to address environmental and social challenges, including adaptation to climate change and nature-related financial risks faced by economies around the globe. Although private sector engagement has picked up, nature-based solutions remain severely underfunded.

The landscape of financing options to address human mobility in the context of climate change

Slow onset processes and extreme weather events related to global warming are driving human mobility in context of climate change (HMCCC). Due to related extremes and slowly evolving processes such as floods, droughts, and rising sea-level, increasingly more livelihoods are destroyed, homes become inhabitable and economic opportunities are mitigated, resulting in migration, displacement, and planned relocation. To reduce those adverse effects related to climate change, the implementation of timely and diversified financing is needed. Therefore, with a focus on developing countries, this study presents and reflects on different relevant finance sources and instruments in terms of their linkage to HMCCC, effect on climate risks, implementation timing, and gender aspects. 10 finance instruments and tools that address HMCCC have been selected with a non-exhaustive approach for analysis, coming from a range of international, public, and private sources. Additionally, the effect of the COVID-19 pandemic on financing flows and options for HMCCC has been considered in an exclusive chapter. The study closes with recommendations for different target groups, especially national governments, and donor organizations.

Ecosystem-based Adaptation and Insurance: Success, Challenges and Opportunities

Both Ecosystem-based Adaptation (EbA) and Climate Risk Finance & Insurance (CRFI) can be used to enhance adaptation, reduce and transfer risk, and build resilience to the growing impacts from natural and human-made hazards. There is a nascent and growing interest in where these strategies may intersect and be mutually beneficial for adaptation. The GIZ joint publication by the Global Project Mainstreaming EbA, the InsuResilience Secretariat and ACRI+ is available now.