Case study: Flood insurance initiatives

Description of the application

Worldwide insurers like the German-based Allianz and the British-based HSBC propose global funds in order to spread the risk across clients as a form of climate adaptation in the aftermath of major flood events since the 2000s in countries across Africa, Asia and Latin America. Allianz has launched local partnerships with NGOs to develop microfinance and specific insurance products, for instance against climate-disaster induced death and disability insurance (Indonesia), but also crop insurance (Brazil) or fishery- and farming-insurances for people living in coastal areas subject to an increased tsunami hazard (India).

Comments

http://unfccc.int/adaptation/workstreams/nairobi_work_programme/items/6547.php

Implementation cost

Estimated financial cost for the implementation of the measures, given as a cost range.

Flood management measure

Which flood management measures have been applied? Multiple measures may be specified.

Project

Projects from which information has been harvested. Multiple projects may be specified.

Countries

Country in which the application (case study) is located. In case of a transboundary application multiple countries are specified.

Responsible authority level

Level of Responsible Authority.

Last modified: Feb. 29, 2016, 7:40 p.m.

 


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