The event establishes a platform for Asian government officials to exchange on how their institutions can better protect their budget against unexpected climate related loss. It increases the understanding of ex-ante and ex-post financial risk management instruments and empowers participants to integrate sovereign risk transfer situations into a risk management strategy.
The workshop agenda foresees the following themes and topics:
Building technical capacity and raising awareness on climate risk financing in form of technical trainings in Africa and Asia
Facilitating national dialogues on sustainable insurance solutions responding to climate risks within selected African and Asian countries
Developing and testing products for effective and affordable climate risk insurance solutions in selected African and Asian countries
Promoting the exchange and dissemination of knowledge on climate risk transfer solutions at international conferences, via online media and publications
Natural disasters such as droughts and floods pose a significant problem in many developing countries. Climate change is increasing the severity and frequency of these risks. Moreover, globally 70 per cent of the economic losses caused by natural catastrophes are not covered by insurance and have to be borne by individuals, companies or governments. In developing countries protection through insurance is even rarer. In the event of a disaster, governments usually respond reactively. This could be, reallocating budget and funds for relief and reconstruction purposes, and requesting monetary assistance from international donors. This drain on resources can have a damaging effect on a country's longer-term development objectives in the areas of economic and social development, putting at risk many of the achievements made in pursuit of the Sustainable Development Goals. More Less
To tackle the problem, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH has formed a Strategic Alliance with the Swiss Reinsurance Company Ltd. (Swiss Re), a leading wholesale provider of risk transfer solutions. Together, they collaborate with governments to build the necessary technical capabilities, and assist them in identifying and accessing suitable climate risk transfer instruments.
The Strategic Alliance “Alliance on Climate Risk Transfer Solutions” is part of the develoPPP.de programme. Through develoPPP.de, the German Federal Ministry for Economic Cooperation and Development (BMZ) sfosters the involvement of the private sector at the point where business opportunities and development policy initiatives intersect. It provides companies investing in developing and emerging countries with professional and financial support to drive innovative projects that generate long-term benefits for local people.
The event is hosted by the Deutsche Gesellschaft für Internationale Zusammenarbeit in cooperation with the Swiss Reinsurance, Inc.
The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH offers services based on a wealth of regional and technical expertise and tested management know-how. In Asia, GIZ advises governments, e.g. on the development of climate risk financing strategies and the management of national insurance schemes, and supports the work of the respective ASEAN working groups on these topics.
Swiss Re, the private sector partner in the capacity building seminar, will contribute its experience and expertise in sovereign risk transfer solutions and provide technical content.
The Strategic Alliance works pursues its aims with activities in four different areas. The workshop is located in the area
Further activities are:
Executive Consultation on Sovereign Climate Risk Transfer
Capacity Building Seminar for Sovereign Climate Risk Transfer
The event takes place in the Grand Mercure Jakarta Kemayoran hotel. The recently opened building with over 500 rooms provides 23 meeting and seminar facilities holding 35 to 1200 persons.
It is conveniently located in the Kemayoran business district, providing easy access to Soekarno Hatta International Airport and only 10 minutes away from Manga Dua Square, and Jakarta Kota Tua. Further sights like Sunda Kelapa Harbour, Monumen Nasional and Jakarta Old Town are all within a 10km radius.