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insurance facility


Parametric catastrophe insurance pilot launched for Pacific Islands

18th January 2013

A new disaster insurance facility has been officially launched today to provide parametric insurance cover for tropical cyclone (typhoon) and earthquake, including tsunami, risks to a group of Pacific Islands. The pilot project, launched today by the World Bank and the Secretariat of the Pacific Community (SPC) Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI) […]

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Asia disaster insurance facility plans taking shape

5th December 2011

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 for the Asia-Pacific region to […]

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Cancun agreements could point to climate insurance facility

14th December 2010

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 to create a re/insurance facility.

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