Washington D.C., April 25, 2024 - The World Bank (International Bank for Reconstruction and Development, or IBRD, AAA/Aaa), priced a catastrophe (cat) bond that finances US$150 million of insurance coverage for the Government of Jamaica against named storm events.


The "Confronting Challenges in Gender-Smart Climate and Disaster Risk Finance: Resources and Toolkits" webinar hosted by FARM-D, PARM, and the Centre of Excellence on Gender-smart Solutions explored progress made in gender-smart approaches to Climate and Disaster Risk Financing and Insurance


On May 14th, over 120 people, from 69 different countries, joined the virtual webinar on "The Challenges and Opportunities for Climate Risk Takaful,” co-hosted by the Insurance Development Forum (IDF) and the World Bank's Disaster Risk Financing and Insurance Program (DRFIP) with suppo


On February 29, "An introduction to Takaful and lessons from the experience of the DRIVE project" virtual webinar welcomed 22 participants to learn about Islamic Insurance.


Indonesia frequently faces natural disasters such as earthquakes, tsunamis, and volcanic eruptions, to the extent that it is often referred to as the “supermarket of disasters”.


The financial losses caused by climate crises and disasters are on the rise, creating significant fiscal risk and budget volatility.


The pilot Executive Education Program on Disaster Risk Financing and Training of Trainers tailored for World Bank Group (WBG) staff was delivered from February 5 to 8, 2024 by the WBG’s Crisis and Disaster Risk Finance team in collaboration with the Global Shield F


                                           Takaful training participants in Somalia



February 1, 2024 —The World Bank today approved a suite of groundbreaking tools to help developing countries better respond to crises and strengthen preparedness for future shocks.