East Asia and Pacific

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There is a range of reasons for establishing agricultural and climate risk insurance, including adaptation to climate change, food security, disaster risk management or social protection. Regardless of the motives, however, creating an effective insurance system inevitably cuts across various political spheres. Thus, the first key element is to create a broad consensus amongst policymakers and their commitment to creating an enabling policy environment. This includes the integration of agricultural and climate risk insurance into respective national policies, strategies and action plans...
The core objective is to improve risk protection for low-income Filipinos across the country through the introduction of affordable and comprehensive microinsurance products.
The core objective is to offer insurance services against the effects of extreme weather events in order to enhance the financial stability of financial cooperatives by protecting their credit portfolios. The insurance benefits are passed on to the low-income members of these institutions.
The core objective is to support insurance companies in providing affordable and sustainable insurance products to households and companies in rural areas to protect them against losses from extreme weather events.
This project will develop climate risk management systems, best practices, and insurance products that will shield smallholder farmers and businesses engaged in producing coffee, sugar, rice, cassava, rubber, dairy, and grazing across the agricultural value chain in key SE Asia countries from physical and financial disaster associated with climate change.
The core objective is to provide better information on rice crop growth for food security policy and to reduce the vulnerability of smallholders in rice production caused by natural catastrophes.
The overall aim of the project is to co-develop new catastrophe risk models for floods in the Philippines and cyclone in Bangladesh, and to quantify the impacts of climate change on flood risk, to support risk management decisions and risk-based financing.
Yogyakarta, Indonesia, October 29, 2018 — IFC, a member of the World Bank Group, and PT. Reasuransi MAIPARK Indonesia, a special-risk reinsurance company, today hosted an event to present Earthquake Index Insurance (EQII) policies to three rural banks in Yogyakarta. The aim is to protect banks providing loans to individuals and micro, small, and medium enterprises from losses following earthquakes. More than 12 million Indonesians live and work in earthquake-prone zones, with economic exposure reaching an estimated $80 billion. These risks are especially high in Java, Sumatra, and Sulawesi,...
(C) World Bank Group
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On October 16-19, 2018 policymakers 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. For questions, please reach out to DRFPacific@worldbank.org .
The core objective is to systematically reduce the impact of climate risks on a selected pilot city through risk transfer solutions. It also aims to support NDRC in implementing China’s National Climate Adaptation Pilots, to develop a comprehensive blueprint for climate adaption actions, to assist in the implementation of this blueprint, and to replicate this solution in other cities.
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