© Ralf Rühmeier/InsuResilience Global Partnership

Agenda

3rd InsuResilience Global Partnership Forum: Strenghthening Adaptation and Resilience in the Caribbean, Latin and Central America

Agenda (as of 26 November 2019):

INSURESILIENCE GLOBAL PARTNERSHIP FORUM
08:30-09:00 Registration and welcome coffee
09:00-09:05 Opening, welcome and introduction
09:05-10:00 Framing session: Strengthening adaptation and resilience for the poor and vulnerable
10:00-10:30 Interactive session: Harnessing humour
10:30-11:00 Coffee Break
11:00-11:20 High-level Address by HLCG Co-Chair
11:20-12:20 Panel Discussion – Holistic Climate and Disaster Risk Financing: Benefits and Limitations
12:20-13:15 Lunch Break
13:15-14:15

Breakout sessions: The Global Partnership in practice (for more details, see below)

  • Group 1 – Resilient Infrastructure
  • Group 2 – CDRFI as a Tool for Social Protection
  • Group 3 – Gender Inclusiveness in CDRFI
  • Group 4 – An Enabling Regulatory Environment
14:15-14:45 The Global Partnership Initiatives in the Spolight
14:45-15:30 Panel: Presentation of feedback from breakout sessions
15:30-16:00 Coffee Break
16:00-17:00 Dialogue: Sovereign Disaster Risk Pools
17:00-17:30 Looking Ahead and Closing
From 17:30 Reception

 



© Ralf Rühmeier

Breakout Sessions

Group 1 – Resilient Infrastructure
The quality of infrastructure investments has the potential to amplify or minimise climate-related disaster losses. On the other hand, the increasing understanding of risk that CDRFI can bring, and use of nature-based solutions, could help guide infrastructure investments towards greater long-term climate resilience. There is a large infrastructure investment gap in the LAC region, and high exposure to climatic shocks can cause significant setbacks to the economic growth trajectory of many of the countries of the region. This session will explore how CDRFI could create incentives for investments in resilient infrastructure and the potential impact this could have on the broader climate risk profile of a country. It will facilitate a dialogue on the actions needed to drive forward investment in climate-proof critical infrastructure and its potential benefits.
Session Lead: Claudia Thyme, AXA XL

 

Group 2 – CDRFI as a tool for social protection
In the LACs regions social protection systems have evolved and expanded substantially in the last decade. In the context of growing global recognition that social protection mechanisms could serve as effective delivery vehicles for disaster-related emergency responses, this session will assess cases where social protection schemes have been linked to CDRFI, their successes and the potential for greater impact. What factors will enable shock responsive social protection programmes? What innovative financial mechanisms could be implemented in this regard? What role does social protection play in building a comprehensive national disaster risk management strategy?
Session Lead: Red Cross Red Crescent Climate Centre

 

Group 3 – Gender inclusiveness
LAC regions face very higher risks in natural disasters, affecting countries abilities to recover and slowing sustainable development. Yet, women are at the forefront of climate change, facing disproportionately high risks to their health, education, food security and livelihoods. The gendered impacts of climate change are particularly strong in the case of climate-induced disasters and are exacerbated in contexts of violent conflict, fragility and extreme poverty.
However, women can be important agents of change in disaster management and adaptation. Disaster management can provide opportunities to overcome traditional gender roles and strengthen women’s voices in decision-making. At the same time, women can become a relevant client base for climate risk insurance. Access to climate risk insurance can help increase their ability to mitigate climate risks and effectively manage shocks. Furthermore, tailoring climate risk insurance products to the specific needs of women could create new market opportunities for inclusive insurance programs. This session will facilitate a dialogue around successful gender-inclusive approaches to CDRFI, how microinsurance programs can better access women as a new client group, and identify actions that could ensure delivery of gender-inclusive CDRFI solutions.
Session Lead: Katherine Miles, InsuResilience Secretariat Consultant

 

Group 4 – An enabling regulatory environment
Latin America and the Caribbean is a region specially exposed to natural disasters and climate risks. Specifically, South America suffered $3.4 billion worth of damages due to natural disasters in 2017, of which only $400 million was insured. Although promising initiatives are being implemented on the micro, meso and macro level, the protection gap remains extremely wide. Causes for the gap are numerous and can be found both on the demand and on the supply side. Successful CDRFI solutions also need an enabling policy and regulatory environment that allows for innovation and at the same time protects consumers. In this session, we will focus on the role insurance supervisors and regulators can play in bridging the protection gap in the face of climate and disaster risk, thereby ensuring that the low-income and underserved consumers and SMEs are more resilient to natural catastrophes. The session seeks to facilitate a dialogue exchange between supervisors and other stakeholders engaged in the deployment of CDRFI solutions to identify steps they can take to promote resilience.
Session Lead: Teresa Pelanda, Access to Insurance Initiative