Discussion Paper: Creating synergies between macro and micro level insurance

The disaster risk management community has been advocating for integrated and complementary disaster risk financing approaches. In spite of this, macro and micro insurance schemes have struggled to find areas of common support. Theoretically, linkages could lead to process and resource efficiencies, ultimately enhancing the effectiveness of disaster risk management strategies. Being aware of the importance of this issue, the InsuResilience Secretariat has deemed it essential to foster reflection on this topic through a session at the Microinsurance Conference held in Lusaka during November 6-8, 2018. This discussion paper elaborates on some of the ideas discussed during the preparations and the event, and reflects on the challenges faced by policymakers, practitioners and the private sector when developing comprehensive risk transfer approaches. Additionally, these ideas are complemented with insights from the literature. Lastly, this paper provides guidance on how these linkages could be furthered in the future.