Climate and Disaster Risk Insurance-related Country Experience
Agriculture insurance in Nepal is recognized as a specialized scheme that falls under the purview of the non-life insurance business. For such type of insurance business, the non-life insurance companies have set up separate agriculture insurance units to carry out and specialize in two areas: a) livestock, bird and poultry insurance, and b) crop insurance.
The Philippine Insurance Commission (IC) requested for Technical Assistance from the World Bank to establish a Philippine Catastrophe Insurance Facility (PCIF). This factsheet presents an overview of the context and objectives of the PCIF.
The country experience factsheet provides an overview of the nature and features of three national agriculture insurance schemes in Pakistan: Crop Loan Insurance Scheme, Area Yield Index Insurance Scheme and Livestock Insurance Scheme for Borrowers.
The purpose of the session was to examine how and why to promote the merger between Ecosystem-Based Adaption (EBA) and risk finance. The session had four presentations, respectively by 1. Mr Nuno Meira, Integrated Expert specialized in agricultural insurance/reinsurance placed by CIM (Centre for International Migration) at ICRAF (World Agroforestry), 2. Dr Beria Leimonia, Senior Expert Landscape Governance and Investment at ICRAF, 3. Dr Kerstin Pfliegner, Director Germany and Europe Strategy Lead Climate Risk & Resilience at The Nature Conservancy, and 4. Mr Romas Garbaliauskas, Senior Legal Advisor at Conservation International.
The factsheet provides an overview of the results and lessons learned from the National Agricultural Insurance Pilot Programme (NAIPP) conducted in Vietnam in 2011-2013. NAIPP focused on rice, livestock and aquaculture insurance, and it established the groundwork for the present pursuits of Vietnam in the area of agricultural insurance.
The document summarizes takeaways from the Tuesdays with MEFIN webinar The Role of Business Interruption Insurance in Climate and Disaster Risk Management, which examined if, how and why should MSMEs’ Business Interruption risks arising from disasters like extreme weather events and pandemics be mitigated and transferred as part of an integrated disaster risk management approach.
The document summarizes takeaways from the Tuesdays with MEFIN webinar Digitalization in Times of Disruption, which aimed to share how insurance industry players use digital tools to reach out to the low-income sector and MSMEs during the pandemic.
Summary of how 1CISP and Traxion Tech utilize technology in the time of pandemics and climate change to more effectively provide insurance solutions to those in need.
Summary of how CLIB utilizes technology in the time of pandemics and climate change to more effectively provide insurance solutions to those in need.
Summary of the key points from the Tuesdays with MEFIN webinar session COVID-19 related Regulatory Relief Issuance in MEFIN countries, which highlighted insurance regulatory measures related to COVID-19 in MEFIN countries, and discussed more in-depth how COVID-19 has been addressed in Nepal and Pakistan.
An outline of the response of EFU Life (Pakistan) to COVID-19 pandemic, including how the Pakistani regulator SECP has promoted response via policies and regulations and how EFU Life has integrated COVID-19-related insurance products in its offering.
An overview of the COVID-19 Insurance Policy issued by the insurance regulatory authority of Nepal, Beema Samiti, in collaboration with the country's 20 non-life insurers and Nepal Re to mitigate the impacts of COVID-19.