TWIA Board wary of cat bond costs in 2023. Targets $2.92bn reinsurance

Members of the Board of the Texas Windstorm Insurance Association (TWIA) expressed concerns over the potential cost of catastrophe bond coverage in 2023, having an expiring $400 million cat bond it wants to renew as part of a target to buy up to $2.92 billion of reinsurance for the coming storm season. TWIA’s Board met […]

California earthquake to cause $600m of economic loss in Humboldt County: RMSI

According to global GIS and geospatial technology company, RMSI, a 6.4 magnitude earthquake that jolted the northern coast of California near Ferndale on 20 December is set to cause $600 million of economic loss in Humboldt County. RMSI states that the earthquake occurred in the vicinity of the Mendocino triple junction, where the Pacific, North […]

Использование Производных страховых инструментов (ILS) для устойчивого развития критической инфраструктуры транзитных стран инициативы «Пояс и Путь»

НАЖМИТЕ НА КАРТИНКУ ДЛЯ ПРОЧТЕНИЯ Глава из коллективной монографии Института Бизнеса БГУ Коллективная монография, подготовленная международным коллективом учёных, посвящена анализу различных аспектов устойчивого развития общества: экологическим, рыночным, социальным, информационным, технологическим, транспортным и ряду других. Одним из центральных аспектов издания является интеграционная компонента устойчивого развития различных секторов экономики разных государств для нашего общего будущего. Издание рекомендуется […]

Risk Pool CEO Global Risk Dialogue

Securing access to financial resources before a disaster strikes through sovereign catastrophe risk pools allows countries to respond quickly to disasters and reduce their impact on people and their livelihoods. Risk Pools like ARC Ltd., CCRIF, PCRIC and SEADRIF are an innovative DRM mechanism enabling countries to pool risks in a diversified portfolio and transfer […]

Swapping Debt for Climate or Nature Pledges Can Help Fund Resilience

Countries that are most vulnerable to climate change—and the associated loss of natural biodiversity—are often those least able to afford investment to strengthen resilience because their budgets are burdened by debt. Such countries face a high risk of fiscal crisis, IMF staff research shows. Debt-for-climate swaps and debt-for-nature swaps seek to free up fiscal resources so that […]

IMF: Swapping Debt for Climate or Nature Pledges Can Help Fund Resilience

Innovative debt swaps can help governments that have limited access to traditional grants or debt relief Countries that are most vulnerable to climate change—and the associated loss of natural biodiversity—are often those least able to afford investment to strengthen resilience because their budgets are burdened by debt. Such countries face a high risk of fiscal […]

Ping An highlights parametric and index insurance for combatting climate change

Richard Sheng, Secretary of the Board of Directors for Chinese insurer Ping An, has highlighted the role of parametric and index insurance in combatting the challenges of climate change. Speaking via videoconference on green and sustainable finance during the recent COP27 event, Sheng noted how his company has been exploring coverages that combine parametric and […]

Risk pools ARC, CCRIF and PCRIC agree to partnership at COP27

Global risk pools African Risk Capacity Limited (ARC Ltd.), CCRIF SPC (formerly The Caribbean Catastrophe Risk Insurance Facility) and Pacific Catastrophe Risk Insurance Company (PCRIC) have agreed to a partnership at the recent COP27 climate conference. The parties signed a memorandum of understanding (MOU) on the sidelines of COP27 in Sharm el Sheikh, Egypt to […]

COP27: World Bank to launch Global Shield Financing Facility (GS-FF)

At the COP27 climate change conference in the coming days, the World Bank is set to announce the launch of the Global Shield Financing Facility (GS-FF), which will be an important new financing structure to channel capital to protect vulnerable nations against climate and disaster risks. Details are limited right now, but from what we […]