PARTICIPATION & INCLUSION FOR INSURANCE EFFECTIVENESS

As a key mechanism for risk transfer, climate insurance schemes can and have been implemented in different sectors and different forms around the world, including indemnity- and index-based schemes, agricultural insurance, livestock insurance, and disaster insurance. While insurance holds great potential to increase resilience, they need to be affordable, accessible, inclusive, and participatory to reach vulnerable communities and address their specific needs in a just and equitable manner. The session will have a strong technical focus on climate insurance schemes and their possible gaps, needs, and opportunities, as well as on best practices from different countries and organizations when it comes to implementing, sustaining, and upscaling insurance.