NDF - Financing for climate change and development projects

Insurance Instruments for Climate Adaptation [NDF C31]

9.12.2011
The project will conduct a study to support the development of climate insurance instruments for specific types of climate risks in Africa.

Africa Regional
Insurance Instruments for Climate Adaptation
Ref: NDF C31

EUR 0.5 million
Project period: 2012-2015
Partner agency: World Bank 

Objectives

The objective of this study is to support the development of climate insurance instruments for specific types of climate risks in Africa.

The study would build on and take forward ongoing work on identifying climate risks in the Africa region as well as to scope possible insurance investments for Africa. Specific activities proposed include the detailed design of Insurance Programs in selected countries and at a regional level. Activities will include: Detailed regional and country drought and flood risk and vulnerability profiles; inventorying and assessment of insurance instruments; detailed design of regional and country climate insurance programs to address climate risks; stakeholder consultation, training, and capacity-building related to catastrophic drought and flood insurance development in the region.

Financing

Total cost of the project will be EUR 0.6 million, of which NDF will provide EUR 0.5 million, and World Bank EUR 0.1 million.

NDF Contact

Program Manager Aage Jørgensen
Telephone +358 10 618 002