Climate Risk Insurance: Transparency, Participation and Accountability – An overview assessment of regional risk pools

Forest, Rosemary (2018). Climate Risk Insurance: Transparency, Participation and Accountability – An overview assessment of regional risk pools. MCII Discussion Paper Series. United Nations University - Institute for Environment and Human Security.

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    Author Forest, Rosemary
    Editor Seifert, Viktoria
    Title Climate Risk Insurance: Transparency, Participation and Accountability – An overview assessment of regional risk pools
    Series Title MCII Discussion Paper Series
    Publication Date 2018
    Place of Publication Bonn
    Publisher United Nations University - Institute for Environment and Human Security
    Pages 33
    Language eng
    Abstract This paper focuses on the three risk pools CCRIF, PCRAFI and ARC, and aims to improve understanding of how the requirements of transparency, participation and accountability apply to them by developing corresponding assessment criteria against which the pools are then evaluated. It discusses the importance of the three themes in the context of sovereign climate risk insurance as well as highlights their positive influence on ensuring that the pools benefit those most vulnerable to climate impacts, building public support and improving institutional effectiveness. In doing so, the author builds on desk-based research as well as a number of semi-structured interviews with individuals involved in work on and around those risk pools. It finds that – for all of the three pools – gaps remain, but also demonstrates they are making valuable efforts to increase their transparency, accountability and engagement with civil society. In concluding, the paper outlines a set of recommendations for several stakeholders on how to further improve on ‘good governance‘, encompassing civil society organisations, policy holders (governments), donor countries, the World Bank, and the regional risk pools themselves.
    Copyright Holder United Nations University - Institute for Environment and Human Security
    Copyright Year 2018
    Copyright type Creative commons
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    Created: Thu, 17 Jan 2019, 18:31:50 JST by Aarti Basnyat on behalf of UNU EHS