Nairobi work programme: Partners and Pledges Database

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Title	Financial innovations for social and climate resilience: Establishing an evidence base
Partner	World Bank (WB)
Date of submission	21/10/2011
Description	Action Pledge 2 Market-based risk financing mechanisms such as index insurance, microinsurance, etc., have the potential to play an important role in reducing vulnerability and building resilience to climate change impacts. A number of important initiatives have demonstrated great potential, but also a number of challenges before they can provide an inclusive, sustainable mechanism that can be applied at a large scale and contribute to climate change adaptation. This research initiative will establish an evidence base on the social impacts of microinsurance, index insurance, and other related market-based risk financing on poor households and their risk management strategies. The initiative aims to provide all Parties, particularly developing countries, with an improved understanding of what insurance can and cannot do in relation to climate change adaptation and enable them to make informed decisions on climate risk financing and measures to invest that would contribute to the climate resilience of the poor.
Further information	www.worldbank.org/sdcc
Regional focus	All regions
Sector	Other
Adaptation delivery activity	Capacity building Climate-resilient development planning Disaster risk reduction Education Financial support Knowledge management Monitoring and evaluation Pilot adaptation programmes/projects Risk/vulnerability mapping
NWP work area	Adaptation planning and practices Climate related risks and extreme events Methods and tools Research Technologies for adaptation
Target group	Academics Communities Policy makers Practitioners Private sector Women

Organizations, institutions and private sector companies at all levels and in a wide range of sectors can become engaged with the NWP by becoming a partner and making Action Pledges. Information about how organizations can become engaged with work on adaptation under the NWP can be found here.