Swiss headquartered weather index insurance and parametric risk transfer specialist CelsiusPro AG has launched a new disaster insurance solution designed to rapidly pay out emergency cash when earthquakes or tropical cyclones strike. Continue reading
The Philippines government is still planning to sponsor a sovereign catastrophe bond, in order to further enhance its national level disaster risk financing, and the recently announced parametric disaster insurance pilot is expected to be expanded to cover the entire country.
The World Meteorological Organization (WMO) has opened a new office for the Asia-Pacific region in Singapore to improve coordination on hazards ranging from floods to fires and to strengthen meteorological services for rapidly evolving economic sectors such as air and marine transport. The Regional Office is being hosted by the Meteorological Service Singapore (MSS) and will serve as the nerve centre for WMO’s programmes in the region. Continue reading
20 July 2017 – Today, International Development Minister Lord Bates is speaking at a Global Insurance Forum event. He will outline the UK’s partnership with the World Bank and Germany for the Centre for Global Disaster Protection in London that will support the poorest countries to strengthen their disaster planning and get finances in place before disaster strikes so they can better manage the economic impact of emergencies and build their resilience. Continue reading
Government Agencies Commit Support to Build Financial Resilience of Poorest and Most Vulnerable Economies
LONDON, July 20, 2017 – The Insurance Development Forum (IDF), a partnership of the World Bank Group, the United Nations Development Programme, and global insurers, applauds announcements by the development ministries of the United Kingdom and Germany to dedicate support to narrow the disaster protection gap for communities in the poorest countries. Continue reading
Climate change will be a defining driver of the global economy, society and financial markets over the coming years, decades and beyond. Schroders has developed a Climate Change Dashboard to measure progress towards a decarbonised world. Continue reading