Increasing the Resiliency of Vulnerable Populations through Index-Insurance Products

Wednesday, March 15, 2017

This webinar is part of a series of learning events hosted by The SEEP Network’s Disaster Risk Reduction Program. In this series participants will explore innovative client-centric models that contribute to recovery from disaster and building resilient markets.

Natural disasters, slow-onset crises, conflict and instability have spiked over several decades with 2.7 billion people affected and 1.3 trillion US dollars lost between 2000 and 2011 alone (UNISDR). Market system failure brought on by crises undermines the ability of individuals and their communities to prosper and create negative consequences for long-term growth. In order for markets to be more inclusive they also need to be more resilient. Resilient markets are those that have the capacity to learn, cope, adapt and transform in the face of shock and stresses, reducing the negative impact of crisis, increasing the efficacy and efficiency of recovery efforts, and increasing development impact and contribute to more inclusive financial systems.

This webinar focuses on the use of index insurance programs as an innovative tool for building resiliency. Also known as parametric insurance, these programs enable governments, microfinance institutions and other organizations pooling risks of a vulnerable population to transfer some of their natural catastrophe exposure to the international insurance and capital markets. This webinar explores index insurance approaches used by MiCRO and Catholic Relief Services, in partnership with public and private sector partners, to promote the use of micro insurance products that have the ability to increase the resiliency of low income populations.

The webinar will take place on March 15th, 2017 at 3pm CET. See your time zone.

For webinar, background document click here.