Innovate for Climate Risk Insurance

Lusaka, Zambia:

On 5 November, MCII together with ILO Impact Insurance Facility and GIZ organised a pre-workshop on the auspices of the 14th International Microinsurance Conference to share good practices and spur promising ideas to help advance the application of Climate Risk Insurance in different sectors.

Session 1 - Welcome and Overview

Topics for discussion:

  • Integrated climate risk management
  • Importance of climate risk management for better adaptation and improved resilience
  • Interactive Gaming Exercise

 

Session 2 - Sources of Finance and Partnerships

The  session  intends  to  outline  possible  pathways  of  acquiring  the  right  kind  of  funding  for different  applications  of  CRI 

Topics for discussion:

  • Public-Private partnerships: models for scaling? (Antonis Malagardis, GIZ)
  • Raising funds from private sources - social impact investors and bonds (Emily Coleman, IFAD)
  • Experience sharing and idea generation (all participants share their experiences)

 

Session 3 -Innovations in insurance and matching it to the consumers’ needs: Bundling, aggregation

Topics for discussion:

  • Lessons from contract farming (Saskia Kuhn, GIZ)
  • Bundling of insurance products with financial and non-financial services (Pranav Prashad, ILO)

 

Session 4 - Opportunities and barriers for ICR in different sectors

Topics for discussion:

  • MSMEs (Abderrahman Amor, Regional government in Agadir, Morocco)
  • Urban Development (Weihua Fang, Academy of Disaster Reduction and Emergency Response, Beijing Normal University)
  • Renewable Energy (Eike Behre, GIZ)
  • Agricultural Sector (Ahmed Gibrilla,  Ministry of Food and Agriculture, Ghana)

 

Session 5 - Interactive tools

  • Economics of Climate Adaptation, ECA (Maxime Souvignet, MCII)
  • DRM Toolbox (Daniel Asare-Kyei, Esoko)
  • Awareness Raising through Volunteers (Jennifer Phillips, MCII)
  • Experience sharing and idea generation (all participants share their experiences)