disaster risk financing

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World Bank extends parametric insurance grant to Marshall Islands

The World Bank has approved a $2.5 million grant that will pay the Republic of the Marshall Islands premiums for parametric disaster insurance coverage under the Pacific Catastrophe Risk Assessment and Finance Initiative (PCRAFI).The grant is designed to support that Marshall Islands goal of strengthening its resilience to natural disasters, read the full article →

Willis Towers Watson launches global insurance facility for resilience

Insurance and reinsurance brokerage Willis Towers Watson (WTW) has today announced the launch of the Global Ecosystem Resilience Facility, an insurance facility designed to help strengthen the resilience of ecosystems and their communities, through the use of efficient risk transfer where catastrophe bonds may feature.The Global Ecosystem Resilience Facility (GERF) read the full article →