Impact Evaluation of Climate Risk Insurance Approaches: Status quo and way forward

Fernández, Raúl and Schaefer, Laura (2018). Impact Evaluation of Climate Risk Insurance Approaches: Status quo and way forward. Discussion Paper Series. United Nations University- Institute for Environment and Human Security.

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  • Sub-type Discussion paper
    Author Fernández, Raúl
    Schaefer, Laura
    Title Impact Evaluation of Climate Risk Insurance Approaches: Status quo and way forward
    Series Title Discussion Paper Series
    Publication Date 2018-06
    Place of Publication Bonn
    Publisher United Nations University- Institute for Environment and Human Security
    Pages 25
    Language eng
    Abstract This discussion paper is a preparatory step for an impact evaluation of climate risk insurance products on the micro level that the Munich Climate Insurance Initiative (MCII) will conduct for the InsuResilience Initiative. The main purposes of this paper are to show and discuss existing empirical evidence of impacts of climate risk insurance (CRI); to identify best practices and knowledge gaps from past impact evaluation in the context of CRI; and to outline the MCII approach to the evaluate the impact of CRI on resilience. The paper concludes that CRI has so far mostly been utilized and evaluated agricultural contexts, where it has proved a great efficacy in boosting investments aimed at increasing productivity; that there is a lack of evidence regarding the impact of insurance on the overall resilience of vulnerable households; the use of the three capacities framework (anticipative, absorptive and adaptive) and a mixed method approach to measure resilience is recommended.
    Keyword Climate Risk Insurance
    Impact Evaluation
    Resilience
    Copyright Holder United Nations University- Institute for Environment and Human Security
    Copyright Year 2018
    Copyright type Creative commons
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    Created: Tue, 15 Jan 2019, 21:06:24 JST by Aarti Basnyat on behalf of UNU EHS