Jamaica builds on parametric disaster risk financing for 2025. Cat bond remains core
The Government of Jamaica has prepared itself for the 2025 hurricane season with a further increase to its National Natural Disaster Risk Financing Policy arrangements, with the largely parametric reserves and contingent financing augmented with parametric insurance and its World Bank catastrophe bond. In March this year, the Jamaican Ministry of Finance negotiated a further J$6.5 billion […]
World Bank highlights weather-index insurance to raise South Asia climate resilience
As South Asia faces escalating threats from extreme weather events, the World Bank Group is urging policymakers to scale up innovative financial tools such as weather-index insurance to help households and businesses manage climate risks more effectively. In a newly released report, From Risk to Resilience: Helping People and Firms Adapt in South Asia, the World […]