Below you can find all of our stories covering the resilience bond concept, resilient infrastructure bonds and climate resilience bonds, that takes from the design of the catastrophe bond structure and seeks to embed resilience benefits within it.
Other forms of resilience bond design have also emerged, especially within resilient infrastructure and climate resilience planning initiatives.
In addition, the proposed Climate Resilient Development Bond (CRD Bond) is another financial structure that has been proposed to provide community-based climate insurance or risk transfer protection backed by the capital markets, while incorporating resilience, advanced funding for loss-prevention and mitigation, through an insurance-linked security (ILS) type design.
Climate change adaptation projects and the need for them are rising up the agenda, as a recent surge in damages from severe weather and climate related catastrophe events concentrates the mind on the importance of investing in this area.
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As AXA XL continues to support and develop the Ocean Risk Index, Andrew MacFarlane, Managing Director and Head of Pricing & Analytics for London & Bermuda, Reinsurance, explores the thinking behind the initiative and more specifically its use as a risk transfer tool, including the potential for a catastrophe bond type structure linked to resilience […]
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A newly launched Coalition for Climate Resilient Investment is set to bring together significant investment and risk industry expertise, with goals including to properly price climate risk, align investment flows with resilience initiatives and to introduce resilience bonds.
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The physical and financial impacts of climate change are accelerating, according to the World Meteorological Organization, who says that record greenhouse gas concentrations are pushing global temperatures towards increasingly dangerous levels.
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Insurance and reinsurance companies are on the “front line of managing the physical risks from climate change” and are now aware that “yesterday’s tail risk is closer to today’s central scenario,” according to Mark Carney, Governor Bank of England.
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In order to close the insurance protection gap the world’s oldest insurance and reinsurance market, Lloyd’s of London, says that capital market investment, channeled through insurance-linked instruments, is going to be a key tool to help achieve this.
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In a new report, RE:bound has further explored the potential benefits of resilience bonds, underlining the opportunity for the public sector to access private capital, to transfer disaster risks away from while supporting the development of resilient infrastructure projects.
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Insurance-linked securities (ILS) and catastrophe bonds as an asset class can increasingly provide sophisticated investors with a new type of responsible investment, creating another attractive angle to the investment case for ILS, according to Mercer.
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The RE:bound program, a partnership between re:focus partners, risk modeller RMS, reinsurance firm Swiss Re and The Rockefeller Foundation, has released a new framework that leverages the catastrophe bond structure for the financing of resilient infrastructure projects.
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Catastrophe bonds are an innovative financial tool that can be leveraged in the goal to provide the world with access to the $200-$300 billion of capital required to help countries combat climate change shocks, according to the Rockefeller Foundation.
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