Climate Risk Insurance: Considerations for Operationalizing Micro- and Meso-level Premium Support

Buri, Sinja, Du Roy, Linda and Parekhelashvili, Mariam (2025). Climate Risk Insurance: Considerations for Operationalizing Micro- and Meso-level Premium Support. United Nations University Institute for Environment and Human Security.

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  • Sub-type Research report
    Author Buri, Sinja
    Du Roy, Linda
    Parekhelashvili, Mariam
    Title Climate Risk Insurance: Considerations for Operationalizing Micro- and Meso-level Premium Support
    Publication Date 2025-05-22
    Place of Publication Bonn
    Publisher United Nations University Institute for Environment and Human Security
    Pages 30
    Language eng
    Abstract Climate risk insurance (CRI) is a key tool for enhancing the financial resilience of vulnerable populations in the Global South. However, uptake remains low at the micro and meso levels due to affordability constraints, limited awareness, low trust, and underdeveloped markets. Premium support can help bridge this protection gap by improving accessibility, demonstrating the value of CRI, and supporting market development. This paper provides insights and considerations for policymakers, donors, insurance providers and other stakeholders involved in developing and implementing premium support schemes. It identifies four critical considerations: (1) clarifying roles and ownership among governments, insurers, and development actors; (2) ensuring sustainability through long-term planning and gradual phase-out strategies; (3) targeting the most climate-vulnerable using inclusive, data-informed approaches; and (4) maximizing transparency in scheme design, funding, and performance. By addressing these key dimensions, stakeholders can work towards creating more effective and sustainable solutions that enhance the climate resilience of vulnerable populations.
    Keyword Climate Risk Insurance
    Premium support
    Climate and Disaster Risk Financing and Insurance
    Microinsurance
    Meso-level insurance
    Financial resilience
    Climate adaptation
    Access to insurance
    Copyright Holder United Nations University Institute for Environment and Human Security
    Copyright Year 2025
    Copyright type Creative commons
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    Created: Thu, 22 May 2025, 21:22:48 JST by Aarti Basnyat on behalf of UNU EHS