DRFF in the News
Mar 20
2023
Washington D.C., March 17, 2023 - The International Bank for Reconstruction and Development (IBRD), today priced a joint catastrophe bond and swap transaction that provides a total of $630 million of earthquake insurance coverage to the Government of Chile, which consists of $350 million of catastrophe bonds and $280 million of catastrophe swaps. By simultaneously offering the risk to both bond investors and to insurance and reinsurance companies in swap form, the World Bank and Chile were able... Keep reading
Mar 20
2023
The Government of Djibouti has signed the first-ever multi-year, multi-peril agreement on the African continent with the African Risk Capacity Group (ARC Group) to protect the lives and livelihoods of its most climate-vulnerable communities. The ground-breaking agreement means that the country in the Horn of Africa now has access to five years of disaster risk management capacity building and disaster risk insurance coverage offered by the ARC Group, covering two of its most prevalent hazards... Keep reading
Mar 08
2023
Women hold the power to create, nurture, and transform. Yet, mere survival is what they are often left fighting for, especially following a natural disaster. The statistics are bleak. Eighty percent of people who are displaced by climate change are women. Women are also 80% less likely than men to own a mobile phone and 20% less likely to use the Internet on a mobile phone. Which, quite simply, means that a woman is significantly likelier to be affected by a disaster and is unlikely to have... Keep reading