THE OPPORTUNITIES AND LIMITATIONS OF CLIMATE RISK INSURANCE FOR THE PROTECTION OF VULNERABLE POPULATIONS
In autumn 2015, the international community drew up 17 Sustainable Development Goals (SDGs). These were followed by National Action Plans established at the national level to ensure the goals could be achieved by 2030. However, climate change now stands in the path of achieving the SDGs and will specifically affect the poorest populations in the countries that are most at risk from climate change. Although extreme weather events such as tropical storms, droughts and floods threaten these people’s harvests, income and livelihoods, climate risk insurance can help to reduce their vulnerability. In the event of a disaster, insurance can quickly provide funds to help the injured parties deal with their situation as well as to bolster emergency responses and strengthen social protection systems.