DRFF in the News
May 27
2024
On May 14 th , over 150 participants, from 69 different countries, joined the virtual webinar on "The Challenges and Opportunities for Climate Risk Takaful,” co-hosted by the Insurance Development Forum (IDF) and the World Bank's Disaster Risk Financing and Insurance Program (DRFIP) with support from the Global Shield Financing Facility (GSFF) . This webinar discussed the challenges and emerging opportunities from implementing inclusive takaful solutions for climate vulnerable populations,... Keep reading
May 20
2024
The "Confronting Challenges in Gender-Smart Climate and Disaster Risk Finance: Resources and Toolkits" webinar hosted by FARM-D, PARM, and the Centre of Excellence on Gender-smart Solutions explored progress made in gender-smart approaches to Climate and Disaster Risk Financing and Insurance (CDRFI) over the last five years, identified remaining challenges, and presented hands-on resources to guide practitioners in implementing gender-related CDRFI initiatives. The World Bank’s Global Shield... Keep reading
Apr 25
2024
Washington D.C., April 25, 2024 - The World Bank (International Bank for Reconstruction and Development, or IBRD, AAA/Aaa), priced a catastrophe (cat) bond that finances US$150 million of insurance coverage for the Government of Jamaica against named storm events. This is the renewal of the World Bank’s 2021 cat bond for Jamaica, which was the first small island state to independently sponsor a cat bond. Jamaica is exposed to tropical cyclone events that threaten not only lives and livelihoods... Keep reading