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Climate Risk Insurance

Product Development Training

Overview

Natural disasters are a major impediment to development in many countries, undermining sustainable development and leading to loss of lives and livelihoods. The course will help to understand the spectrum of solutions offered by innovative climate and disaster risk insurance products as an essential element of a comprehensive risk management strategy. Participants will be introduced to the process of product development as well as tools and models relevant for climate and disaster risk analysis, insurance product design and pricing.  

Discounts

Please note that we can offer the following discount:

  • 15% Early Bird discount
  • 10% for each institution sending more than one participant* 
  • Alumni Discount 10%

* successfully enrolled

Join us in 2021

Topics Covered

  • Understanding the relevance of climate and disaster (C&D) risk insurance
  • Understanding C&D risk insurance products
  • Introduction to risk pricing and placement processes for C&D risk transfer products
  • Understanding the impact of climate change on risk assessment and risk pricing

Target Group

Participants from the public and private sector responsible for climate and disaster risk management, including representatives (managers at mid-level and above) from public administration offices at national and sub-sovereign levels, regional and national development agencies/banks, financial intermediaries and insurance companies, cooperatives & agriculture entrepreneurs, scientists. Significant insurance expertise not required.   

Tuition Fees

2.580 € (without accommodation)  

Learning Objective

  • the relevance of climate and disaster (C&D) risks in developing and emerging economies and the expected future impact on sustainable development
  • the spectrum of innovative C&D risk insurance schemes and first lessons learned, their relevance and complementarity to other financial instruments to manage C&D risks
  • international initiatives and support programs to increase access to C&D risk insurance and overcome existing barriers of market development
  • existing risk analysis tools and models to assess C&D risks and how to apply them to define comprehensive climate adaptation policies including C&D risk insurance
  • the different elements of the development process for climate risk insurance products, covering relevant aspects for a comprehensive concept :
    • Risk analysis,
    • Demand analysis,
    • Data management,
    • Product design,
    • Distribution strategy,
    • Policy/ claims management
  • the elements of the climate risk insurance pricing process and premium components  

The participants will apply the content of the course in case studies in order to become familiar with the relevant tools and models.