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Insuring Against Disaster Risk

The World Bank

The World Bank
Disaster risk is escalating globally, with over 400 natural disasters annually, causing $330 billion in losses and 17,000 deaths in 2024. 

These events disrupt lives, destroy livelihoods, and threaten key sectors like agriculture and energy. Disasters also strain government resources, hindering economic development and resilience investments.

Increasing countries’ financial resilience to climate shocks and disasters minimizes economic losses and helps vulnerable groups recover more quickly and efficiently.

The Disaster Risk Insurance Impact program aims to increase the number of countries with strengthened disaster risk insurance capacity. 

Over the duration of two years, program participants will learn:

  • Core concepts and practical tools for disaster risk finance and insurance, including public-private program design 
  • Insights from global best practices and case studies 
  • Skills for stakeholder engagement, negotiation, and fostering partnerships among governments, development partners, and the private sector
  • Practical tools for developing effective financial resilience strategies  

Program Launched:April 7-11 2025, Istanbul, Turkey 

Participating countries: Albania, Algeria, Angola, Bangladesh, Costa Rica, DRC, Egypt, Jordan, Kazakhstan, Kyrgyz Republic, Moldova, Morocco, Philippines, Senegal, Tajikistan, Tunisia, Uzbekistan. 

Partners: The Insurance Development Forum, Oxford University, Istanbul University.