Insurance
Episode #6: From Reactive to Proactive-Transforming Disaster Risk Finance in Malawi (featuring Chinsinsi Phiri, Economist, Debt and Aid Management Division, Ministry of Finance, Malawi)
This special Women’s Day episode features a conversation with Chinsinsi Phiri (Economist, Debt and Aid Management Division, Ministry of Finance, Malawi). Chinsinsi shares insights into Malawi’s journey—from relying on humanitarian aid to implementing proactive financial preparedness, the impact of scalable social protection and sovereign risk insurance, and the country’s upcoming participation in the Regional Emergency Preparedness & Access to Inclusive Recovery (REPAIR) program.
Disaster Risk Finance Academy: Affordable Disaster Risk Insurance through Public-Private Partnerships
Across the developing world, nearly one in five people are at risk of climate disasters from which they will not fully recover. Access to insurance remains low in many countries, leaving billions of people without adequate protection. In developing countries, only about 10 percent of the direct economic costs of natural hazards are insured. Neither governments nor private industry alone is well-equipped to deal with growing disaster losses. Public-private partnerships are necessary for sustainable insurance markets and affordable solutions.
[Launch of World Bank policy paper] Mobilizing public-private solutions to manage the financial impacts of natural hazards in emerging market and developing economies
The paper "Mobilizing public-private solutions to manage the financial impacts of natural hazards in emerging market and developing economies” highlights challenges and opportunities of operationalizing public private insurance programs (PPIPs) to help close the disaster protection gap in emerging markets and developing economies (EMDEs).
