insurance facility

Share

Pacific Catastrophe Risk Insurance Pilot makes first payout

The Pacific Catastrophe Risk Insurance Pilot, which provides parametric insurance cover for tropical cyclone (typhoon) and earthquake, including tsunami, risks to a group of Pacific Islands, has made its first payout to Tonga after cyclone Ian.The World Bank announced today that Tonga will receive an immediate payout of US $1.27 read the full article →

The parametric Pacific Catastrophe Risk Insurance Pilot renews

The Pacific Catastrophe Risk Insurance Pilot, a disaster insurance facility which provides parametric insurance cover for tropical cyclone (typhoon) and earthquake, including tsunami, risks to a group of Pacific Islands, has renewed from November and added one new island member.This will be the second season that the Pacific Catastrophe Risk read the full article →

Asia disaster insurance facility plans taking shape

Some details have emerged, via the Japanese press, of a much discussed Asia disaster insurance facility which has been widely expected to emerge for over a year. The Japanese government say that they plan to work with the World Bank and Asian Development Bank to establish a disaster insurance facility read the full article →

Cancun agreements could point to climate insurance facility

The agreements signed at the recent Cancun United Nations Framework Convention on Climate Change summit show that insurance and climate risk transfer were high on the agenda at the conference. Many representatives from the re/insurance and risk modelling world were present and promoting the various methods that could be used read the full article →