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. Public-private insurance partnerships (PPIPs) bring together private capital, expertise, relationships and innovation, with public sector data, regulation, education, and risk sharing to ensure that those at risk have access to insurance products which provide adequate protection against disasters.
In partnership with the Turkish Catastrophe Insurance Pool (TCIP), the Insurance Development Forum, and academic partners, the Program’s objective is to help countries accelerate the development of disaster insurance markets through PPIPs.
Participants in this program will:
- Understand how effective PPIPs are developed, learning from larger-scale programs in peer countries with proven impact
- Learn the essential elements for PPIPs and disaster-risk finance which can contribute to increased resilience and more stable growth
- Work with local and international academia, think-tanks, private sector, and other stakeholders to identify the building blocks of high-quality disaster insurance markets and risk-finance mechanisms fitted to the needs and challenges in their country.
Program initiation: April 2025, Istanbul
View the tentative agenda here.