Insuresilience Solutions Fund

Comprehensive Climate Risk Analysis

Early consideration of climate change adaptation, in climate risk management and policymaking, requires detailed risk analysis and forward-thinking planning. However, missing data and a lack of detailed risk information are limiting factors faced by many developing and emerging countries.

Climate risk modelling and analysis can provide decision makers with the information that they need in order to determine climate change adaptation strategies and turn policies into action. These tools are already available and can be implemented globally enabling decision makers to answer the most pressing questions they are facing today.

CLIMADA - Open-source Risk Modelling Platform

CLIMADA stands for climate adaptation and is a probabilistic modelling tool used to conduct risk assessments. CLIMADA provides a robust analysis of the cost and benefits of adaptation measures and allows informed resilience investments into adaptation and disaster risk reduction. This open-source and open-access global platform uses state-of-the-art risk modelling and options appraisal. Developed by the insurance sector, the platform provides globally consistent multi-hazard risk assessments on scales from national to local levels. Using the probabilistic modelling approach provides the ability to estimate the expected economic damage as a measure of risk today, the incremental increase from economic growth and the further incremental increase due to climate change.
Mainstreaming climate risk analysis using open-source platforms like CLIMADA, therefore, promotes cost-effective adaptation measures and spur decisive action.

Economics of Climate Adaptation Studies (ECA)

The Economics of Climate Adaptation (ECA) methodology offers a systematic and transparent approach that combines probabilistic risk modelling techniques of CLIMADA with in-depth, inter-sectoral stakeholder discussions. The framework provides decision makers with information about potential climate-related damage to their environment, economies and societies. By quantifying future climate risks, ECA studies help decision makers to identify and prioritise cost-effective climate change adaptation measures for a variety of sectors.
A key advantage is the early integration of risk analytics into project planning and the assessment of adaptation or land use programmes. Thus, the results from CLIMADA/ECA studies can be used as a foundation for adaptation strategies, including National Adaptation Plans (NAPs), and/or as feasibility studies required by international funding institutions.

Pilot Studies

The KfW Development Bank implemented two pilot studies in Bangladesh and El Salvador, using the ECA approach to support decision makers in identifying their climate change adaptation measures. The evaluation of these pilot studies, as well as already existing ECA documentation and tools, are summarised in the ECA Guidebook

Our Climate Risk Studies

We engage in the development and funding of comprehensive climate risk analysis and assessment studies as part of the development of climate adaptation projects - including climate risk insurance solutions as an integral component.
Currently, we are implementing ECA studies in Honduras, Ethiopia and Vietnam in cooperation with ETH Zurich and United Nations University – Institute for Environmental and Human Security (UNU-EHS). The three studies all focus on different hazards, assets, environmental and institutional settings highlighting the methodology’s flexibility.
Furthermore, we are conducting at a national scale a quantitative CLIMADA study in Vietnam in cooperation with ETH Zurich and AXA.
 
Thereby, the ISF contributes to the Vision 2025 of the InsuResilience Global Partnership of "improving access to and understanding of data and modelling for vulnerable countries and communities at different regions, ensuring that information related to climate and disaster risk finance is readily available and user-friendly to the global community".

Our Projects

project

ECA Study Honduras

region:

Municipality of San Pedo Sula

risks:

Flood, heavy rainfall, landslides

sector:

Public infrastructure, housing

timeframe:

Nov 2019 - Jan 2020

partner:

Municipality of San Pedro Sula, ETH Zurich

Implemented by:

InsuResilience Solutions Fund in cooperation with United Nations University – Institute for Environment and Human Security (UNU-EHS)


project

ECA Study Ethiopia

region:

Afar and Somali

risks:

Drought

sector:

Agriculture, water management

timeframe:

Dec 2019 - Jan 2020

partner:

ETH Zurich, Ministry of Agriculture of Ethiopia

implemented by:

United Nations University – Institute for Environment and Human Security (UNU-EHS) in cooperation with InsuResilience Solutions Fund


project

ECA Study Vietnam

region:

Province of Can Tho (Mekong Delta)

risks:

Flood, heat

sector:

Infrastructure, housing, agriculture

timeframe:

Jan 2020 - May 2021

partner:

ETH Zurich, Can Tho People’s Committee, Climate Resilience Office (CRO), Climate Change Coordination Office (CCCO)

implemented by:

United Nations University – Institute for Environment and Human Security (UNU-EHS) in cooperation with InsuResilience Solutions Fund


project

CLIMADA Climate Risk Analysis (CCRA) Vietnam

region:

National

risks:

Tropical cyclones and storm surge – including sea level rise

sector:

Agricultural production, residential housing

timeframe:

Jun 2020 - Sep 2020

partner:

KfW Vietnam

implemented by:

InsuResilience Solutions Fund, ETH Zurich, AXA

download:
Empowering Climate Resilient Development and Transformation in Vietnam

(PDF-File, 1793 KB)


Our three core areas

Focus areas

The InsuResilience Solutions Fund seeks to increase the resilience and capacity of developing and emerging countries to adapt to climate change by:
  1. Supporting comprehensive climate risk analysis as the basis for governments, businesses and households to become more proactive in risk management and to make informed decisions on climate risk management and adaptation strategies.
  2. Offering studies and advice for the development of new concepts for climate risk insurance solutions that take into account the specific needs of the poor and vulnerable populations and
  3. Co-funding the development and market introduction of insurance products, as well as supporting the expansion of existing innovative climate risk insurance products.
Cookies and Privacy

This website uses cookies to ensure you get the best experience on our website. Please review your cookie settings before you continue.

For more information please see our Privacy Policy.