Parametric risk pools secure €4.7m grant to enhance climate resilience collaboration

Parametric regional risk pools get Global Shield support to deepen collaboration - Artemis.bm

The main four parametric disaster insurance risk pools have signed a grant agreement with the Global Shield Solutions Platform (GSSP) to help them

Can parametric insurance change the game in climate disasters?

Insurance that pays out pre-set sums instead of indemnifying losses is becoming more common as floods, hurricanes and heatwaves intensify.

The Loss and Damage Response Fund (FRLD), a United Nations mechanism to support developing countries in the face of the irreversible impacts of climate change, officially launched a 250 million-dollar pilot programme on 9 April on the margins of its Board of Directors in Barbados. This first phase, called Barbados Implementation Modalities (BIM), is expanding its...

Parametric risk pools secure €4.7m grant to enhance climate resilience collaboration

Four Regional Risk Pools have signed a joint grant agreement with the Global Shield Solutions Platform (GSSP) for €4.7 million to put shared commitments into action. Signed by the African Risk Capacity Limited (ARC Ltd.), CCRIF SPC (the Catastrophe Risk Insurance Facility of the Caribbean and Central America), the Pacific Catastrophe Risk Insurance Company (PCRIC), and the Southeast Asia Disaster Risk Insurance Facility (SEADRIF), this grant wil…