ClimateWise Compendium of disaster risk transfer initiatives in the developing world
The ClimateWise Compendium aims at documenting existing initiatives in middle income and lower income countries that involve the transfer of risk associated to the occurrence of natural hazards, and which we refer to as “schemes”. With acknowledgments to Delioma Oramas-Dorta over 120 schemes have been recorded so far.
This is an open source and we invite you to search for information on the types of schemes occurring, peril insured, involvement of public and private sector in scheme financing and schemes where risk transfer is directly linked to risk reduction or contributes to adaptation.
We invite all stakeholders to share information on initiatives in order that the compendium remains current and as comprehensive as possible. We are particularly interested in capturing more information on initiatives with no involvement from the public sector. Such initiatives are often less documented and therefore more difficult to identify.
Link to overview of Compendium
Link to description of Compendium structure
Researchers from the Grantham Research Institute on Climate Change and the Environment at the London School of Economics have carried out analysis of the schemes included in the Compendium to deepen understanding about the key components that would allow public-private schemes to be both commercially viable and deliver physical risk reduction outcomes.
A key emerging message is that financial risk transfer schemes that link directly to physical risk reduction measures on the ground could offer a better means by which to meet both development objectives and commercial viability requirements, but less than 15% of schemes reviewed make any consideration of physical risk reduction and only one of these makes explicit links to adaptation.
