Climate change is increasing the frequency and impact of natural hazards and extreme weather. Due to global inequities, these risks pose a greater and even existential threat to lives and livelihoods in the Global South. Finance and insurance have a critical role to play in helping countries, communities, and individuals manage climate and disaster risk. However, the Climate and Disaster Risk Finance and Insurance (CDFRI) community needs to move away from innovation toward learning, investing in research and evidence to identify the most impactful and cost-effective solutions, while also creating new solutions to leverage capital to address the most pressing risk management needs.
From Innovation to Learning: A Strategic Evidence Roadmap for Climate and Disaster Risk Finance and Insurance is a community document facilitated under the InsuResilience Global Partnership, with support from MCII. This Roadmap strategically guides stakeholders on how to focus their evidence efforts and investments. It outlines a set of 43 evidence priorities across six themes:
- people and client focused perspectives,
- national and public sector perspectives,
- global risk finance action,
- gender dimensions & impacts of CDRFI,
- risk information and analysis, and
- resilience outcomes.
Building on the evidence priorities in the six thematic areas, the CDRFI Evidence Roadmap also provides a framework for how the stakeholder community can move forward by a) suggesting collective evidence norms, actions, and investments and b) detailing the roles that various actors can play to further the CDRFI evidence story. Working together as an evidence community, CDRFI stakeholders can build a future where CDRFI’s transformation impact is achieved and evidence-based CDRFI solutions are logical and necessary components of policies and programs designed to accelerate climate adaptation and strengthen the resilience of vulnerable countries, communities, and people.
Download the publication here.