The 2017 edition takes a closer look at microinsurance solutions for climate change, focussing on pioneering ideas in the way microinsurance is being designed and offered, and highlighting key lessons learned from a range of different programmes and initiatives.
Microinsurance Network members such as the Munich Re Foundation, the German Corporation for International Cooperation (GIZ), the International Fund for Agricultural Development (IFAD), the World Food Programme (WFP), Access to Insurance Initiative (A2ii), the World Bank, Grameen Crédit Agricole Foundation, the Micro Insurance Academy (MIA) and the ILO’s Impact Insurance Facility have played key roles in deepening our understanding of, and guiding our conversations on, how inclusive insurance can contribute to mitigating the impact of climate change.
The global development agenda has now taken up risk management, specifically as it relates to the management of disaster risks, reflecting a maturation of these conversations.
The focus on risk management in climate change presents an opportunity for microinsurance, but there are still key challenges in implementing it in a way that improves resilience for nations, communities and households. This will require collaboration across different spheres of regulators, industry and donors. The multi-stakeholder network has an important role in convening these different stakeholders and helping to guide this discussion going forward.
This edition of the annual The State of Microinsurance brings together thought leaders in this space to share their knowledge, identify hurdles and provide solutions on how to leverage the potential of microinsurance to mitigate climate change.
It progresses the conversation beyond risk transfer and product design, to a broader focus on integrated risk management and how countries can better prepare and respond to climate-related risks. This acknowledges a shift taking placing within the Network with members increasingly focusing on the broader impact of risk on development.
Further, The State of Microinsurance looks forward to the implementation of these schemes and asks key questions about the capacity of governments, the relevance of innovative partnerships and best ways to improve resilience.