It’s a relief to see that G7 leaders didn’t entirely forget about climate impacts. They seem to remember the responsibility of industrialised countries to make amends for their large share of CO2 emissions. They announced an initiative to cover up to 400 million people in vulnerable countries with insurance instruments to help manage a portion of the climate risk that they face. There are many unanswered questions though. First, how will the approaches really benefit poor and vulnerable people who cannot pay premiums? Focusing on risk platforms such as the African Risk Capacity (ARC) is a good start. Such platforms … Continue reading Assurance about insurance