When climate disasters strike, farmers are unfortunately among the first to feel the consequences. This was true before the novel coronavirus and it’s certainly true now. The climate crisis compounded by the global health crisis leaves the most vulnerable even more at risk. International Water Management Institute (IWMI) researchers are developing systems to better warn and prepare flood-prone communities. One of these solutions is index-based flood insurance (IBFI), a system that uses satellite data to calculate faster compensation for farmers experiencing flood loses. Working in partnerships with NGOs, finance organizations and insurers in various countries we are making such insurance products available to many thousands of farmers. Transferring risk away from the most vulnerable members of society will help bolster a quicker recovery and so livelihoods. And, post-disaster costs for governments will be reduced, and will contribute to meeting SDGs on climate change, poverty, gender equality and food security.
TIME: 10:00 am to 11:30 am CET
|10:00- 10:05||Introduction to the session – Rachael Mcdonnell (IWMI)|
|10:05- 10:18||Building weather and climate resilience through insurance for the next decade? – Giriraj Amarnath (IWMI)|
|10:20- 10:40||Key respondent Statements and Q&A Session|
|10:40-10:45||Wrap-Up – Rachael Mcdonnell (IWMI)|
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Meeting ID: 957 1253 8186