The joint Generali and United Nations Development Programme (UNDP) report “Parametric insurance to build financial resilience”, in collaboration with the Insurance Development Forum, highlights how parametric insurance can help governments, businesses and communities financially prepare for rising risks. Parametric insurance – which is based on triggers rather than actual losses - is a complementary risk transfer mechanism to fill gaps left by traditional indemnity-based insurance. The report includes a range of case studies, insights and tools to increase governments’, businesses’ and communities’ understanding of how parametric policies work, and how they protect people and assets in the event of hazard and shock. The reports calls for greater collaboration between insurance, government and development actors to allow parametric insurance to make a meaningful contribution to closing the protection gap.
- Document Type
- Report
- Pages
- 79
- Published in
- United States of America
Table of Contents
- India 47
- French Polynesia 44
- Fiji 37
- Mexico 34
- Kyrgyz Republic 40
- Boosting resilience with parametric insurance 51
- Considering parametric insurance to increase resilience 52
- Measuring the impact of parametric policies 55
- Theory of change: how parametric insurance can build financial resilience 57
- Defining KPIs to measure parametric policies’ outputs and outcomes 58
- holistic approach through parametric policies 62
- Encouraging a holistic approach through parametric policies 63
- Governments 63
- Development partners 65
- Policyholders 67
- Insurers 67
- Conclusion 70
- References 72
- Photographic credits 75
- Glossary 77
