Good afternoon, ladies and gentlemen. I am pleased to be with you to speak about a very distinctive topic on the agenda of this year’s Global Insurance Forum—the role of insurance in building resilience. It is a core topic for the World Bank in partnering with emerging market and develo...
Learn MoreAs prepared: Your Excellencies, Distinguished Guests, Ladies and Gentlemen, I am delighted to be here today on behalf of the World Bank Group along with: our Managing Director and CFO, Joaquim Levy; the Permanent Ambassador of Egypt to the UN, His Excellency Ambassador Edrees; and col...
Learn MoreWashington, DC September 28, 2017 – The World Bank Group received EUR 10 million from Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) to improve and scale up the use of extreme weather insurance instruments as risk management tools for the poor and the most vulnerab...
Learn MoreNatural disasters such as tropical storms, floods, earthquakes, and droughts are increasing in frequency and severity due to climate change, and can have a devastating effect on homes, agriculture, infrastructure, and communities. Over the last 10 years, the cost of disasters reached an average of $...
Learn MoreSTORY HIGHLIGHTS Along with climate change and disaster risk management, focus on insurance has increased because uninsured losses keep the vulnerable in poverty. In countries with no agricultural or disaster insur...
Learn MoreInsuring crops against unforeseen weather events is a standard practice among farmers in rich countries. But traditional agriculture insurance and disaster insurance are either unavailable or very expensive in many developing countries, leaving small farmers particularly vulnerable to vagaries of...
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