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Absorbing Climate Impacts

40 days until Finalist selection ends
VIEW Proposals
Proposal creation

CoLab members create proposals

Nov 20, 2017 12:00 EST - Mar 11, 2018 08:00 EDT
Semi-Finalist selection
Expert judges select semi-finalists

Mar 11, 2018 08:00 EDT - May 4, 2018 06:00 EDT
Proposal revisions
Semi-finalists can improve their proposals

May 4, 2018 06:00 EDT - May 13, 2018 06:00 EDT
Finalist selection
Expert judges select finalists

May 13, 2018 06:00 EDT - Jun 30, 2018 06:00 EDT
Voting period
Public Voting Period

Jun 30, 2018 06:00 EDT - Jul 31, 2018 11:59 EDT
Completed
Winners are awarded

Jul 31, 2018 11:59 EDT
How can climate risk insurance be linked with other forms of social protection to help vulnerable communities absorb climate impacts?

Developing countries, and particularly the poorest and most vulnerable communities, are disproportionately affected by climate change. Exposure to shocks, such as floods and storms, and stresses such as droughts or changing rainfall patterns, can also affect those who are not poor but remain vulnerable. With the frequency of such events set to rise with climate change, communities’ capacity to absorb climate shocks and stresses represents a key component of climate resilience.

 

Climate risk insurance and social protection measures can help reduce affected populations’ vulnerability to shocks and stresses. Well-designed climate risk insurance schemes, when applied as part of broader risk management strategies, can act as a buffer for people shortly after an event occurs and protect people from falling (back) into poverty. Social protection, such as cash transfers and retraining, together with a wide range of other programmes aiming to reduce poverty and vulnerability, is increasingly recognised as a tool to help communities to adapt to climate impacts. Social protection can also improve incomes in the long term.

 

The UN Climate Resilience Initiative and InsuResilience are seeking innovative ideas for linking climate risk insurance with other forms of social protection to further enhance communities’ ability to absorb the impacts of climate change. The contest winner will receive seed funding to implement the proposal (worth 40,000 euros) and mentoring, training and technical assistance (worth 12,000 euros).

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10 Proposals
May 13, 2018
Team only
Platform to drive disaster risk preparedness with chatbots, gamification, incentives, insurance innovation; & bridge multiple stakeholders.
May 13, 2018
Team only
Enhancing climate resilience of rice famers by coupling crop insurance to value chain development and climate change adaptation
May 13, 2018
Team only
Tourism employs 8% of the world’s people, largely in climate risk exposed countries.We develop a Tourism Livelihood Index for insurance use.
May 13, 2018
Team only
Improving and extending access to social protection through a digital and self-administered information system
May 13, 2018
Team only
Feasibility study for the implementation of an index insurance in the agricultural sector as part of increasing the resilience capacities.
May 13, 2018
Team only
Feasibility study to link 'Girinka', livestock insurances and credit for vulnerable herders in the drought-prone area of Bugesera, Rwanda.
May 13, 2018
Team only
Tapping women’s habit of saving to manage climate induced risks through innovative chit fund-cum microinsurance scheme.
May 13, 2018
Team only
SHELTERS centers on exploring a human centered design, homeowner-driven approach to bundling risk prevention and post-disaster payouts
May 13, 2018
Team only
Increasing annual tax by farmers & pastorals (FAPAs) by 10% & GOV waives 20% of tax to CRI/FAPAs can be insured through in kind contribution
May 11, 2018
Team only
Adding a 3rd arm to an ongoing randomized controlled trial of disaster insurance for urban slum informal businesses with social protection