Development of parametric insurance products for climate risk (2010–2021)

1. R4 expands “insurance-for-work” drought coverage

   Jan 1, 2011Labels: R4 Rural, Oxfam America, WFP

   • WFP R4
   • Oxfam R4

2. African Risk Capacity treaty signed by initial states

   Nov 23, 2012Labels: African Risk, African Union

   • AU Treaty
   • ARC Signatories

3. Pacific catastrophe parametric pilot program launches

   Jan 17, 2013Labels: Pacific Catastrophe, Pacific islands

   • World Bank PR

4. CCRIF begins rolling out excess rainfall coverage

   Mar 18, 2013Labels: CCRIF, excess rainfall

   • World Bank CCRIF
   • Artemis CCRIF

5. ARC launches its inaugural sovereign risk pool

   May 1, 2014Labels: ARC pool, sovereign risk

   • ARC Risk Pools
   • AU ARC Overview

6. ARC makes first drought payouts to member states

   Jan 8, 2015Labels: ARC payouts, Senegal

   • Business Insurance
   • ARC Risk Pools

7. World Bank launches Pandemic Emergency Financing Facility

   May 21, 2016Labels: Pandemic Emergency, World Bank

   • World Bank PEF
   • PEF Fact Sheet

8. Pandemic bonds transfer outbreak risk to capital markets

   Jun 28, 2017Labels: pandemic bonds, World Bank

   • World Bank Bonds

9. InsuResilience partnership launches to scale climate insurance

   Nov 14, 2017Labels: InsuResilience Partnership, COP23

   • InsuResilience
   • IGP About

10. Natural Disaster Fund launches blended parametric risk transfer

    Jan 1, 2018Labels: Natural Disaster, public-private vehicle

    • NDF Site

11. CCRIF and World Bank issue parametric fisheries policies

    Jul 5, 2019Labels: CCRIF, COAST policies

    • Artemis COAST

12. CCRIF pays Haiti after major earthquake under parametric cover

    Aug 18, 2021Labels: CCRIF, Haiti earthquake

    • CCRIF Haiti