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Climate Resilient Development Bond (CRD Bond) proposed with ILS design

A new financial structure that can provide community-based climate insurance or risk transfer protection from the capital markets, while incorporating resilience, advanced funding for loss-prevention and mitigation, through an insurance-linked security (ILS) designed structure has been proposed.

Reinsurance broker Guy Carpenter has collaborated with Dr Franziska Arnold-Dwyer from Queen Mary University of London to produce a briefing document on the new climate-focused ILS structure, laying out a vision for a new kind of mechanism for attracting institutional capital to support climate risk insurance, as well as resilience and mitigation.

The goal is to facilitate improved financial resilience and loss prevention for climate change-related weather risks, while promoting increased cooperation between the insurance sector, government, investors, and other stakeholders.


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