IMPACT EVALUATION OF CLIMATE RISK INSURANCE APPROACHES: Status Quo and Way Forward

This discussion paper is a preparatory step for and impact evaluation of climate risk insurance products on the micro level that the Munich Climate Insurance Initiative (MCII) will conduct for the InsuResilience Initiative. The main purposes of this paper are 1) To show and discuss existing empirical evidence of impacts of climate risk insurance (CRI) 2) To identify best practices and knowledge gaps from the past impact evaluations in the CRI context 3) To outline the MCII approach to evaluate the impact risk insurance has on resilience.