Reciprocal exchanges could help build sustainable community-based catastrophe insurance programs, according to Guy Carpenter's Guillermo Franco.

The government of Norway has announced a NOK50mn ($4.5mn) partnership with African Risk Capacity (ARC) to expand African governments' use of parametric insurance.

CelsiusPro is working to increase the private sector risk capacity matched to the Natural Disaster Fund (NDF), a government-backed parametric risk capacity pool, the company's head of climate resilience solutions Kay Tuschen said at the Building Bridges conference in Geneva.

The uptake of heat insurance among informal women workers in India is likely to increase after a parametric policy paid out earlier this year, the Mahila Housing Trust's (MHT) Bijal Brahmbhatt has said.

The Microinsurance Network plans to replicate its regional coordination across Latin America in Africa, as the NGO pursues further regionalisation under the stewardship of new executive director Matthew Genazzini to boost insurance take-up among low-income communities.

The role P&C insurance companies play in supporting economic and social development can help underpin sustainability strategies, according to Tokio Marine’s Mika Nabeshima.

Sustainable Insurer spoke to Howden’s Daniel Fairweather about the important role insurers can play in helping realise the value of nature-based assets.

With COP29 having concluded at the weekend, Sustainable Insurer reflects on the discussions that took place over the past two weeks in Baku and the burgeoning role of (re)insurance in the global dialogue on climate.

While recent floods in Spain's Valencia and Malaga regions have caused damage totalling several billion euros, insurers have been shielded by the country's state-backed disaster backstop, highlighting the role such initiatives can play in the event of major losses.

A parametric insurance-backed loans instrument for West African countries, developed by the West African Development Bank (BOAD), African Risk Capacity (ARC) and Munich Re was triggered by floods in Togo last month.

The UN Office for Disaster Risk Reduction (UNDRR) has formed a network of corporate chief resilience officers with the aim to embed disaster resilience into businesses.

The government of Panama is set to receive $26.7mn after its excess rainfall policy with regional risk pool CCRIF SPC was triggered by flooding earlier this month.

The city of Isleton in California is set to approve the purchase of a parametric flood insurance policy from FloodFlash underwritten by Munich Re at a meeting on Wednesday 20 November,

As COP29 prepares for its second week in Baku, Azerbaijan, Sustainable Insurer reflects on discussions so far and what more needs to be done to elevate the role of (re)insurance in global dialogue.

The African Risk Capacity (ARC), UN World Food Programme (WFP) and African Union Development Agency (AUDA-NEPAD) launched the Africa Disaster Risk Management and Recovery Platform at the COP29 climate conference on Friday 15 November.