As South Asia faces escalating threats from extreme weather events, the World Bank Group is urging policymakers to scale up innovative financial tools such as weather-index insurance to help households and businesses manage climate risks more effectively.
In a newly released report, From Risk to Resilience: Helping People and Firms Adapt in South Asia, the World Bank identifies insurance, particularly weather-indexed insurance, as an important component of private sector adaptation to climate shocks.
The region, which is home to nearly two billion people, is projected to see 89% of its population exposed to extreme heat and 22% to severe flooding by 2030.
FULL ORIGINAL PUBLICATION HERE
