Insuring against extreme weather in the Caribbean
Tropical storms and floods can cause billions of euros worth of damage. Often a country's poorest inhabitants are hit hardest. People living on the Caribbean Island of St Lucia know well the consequences of extreme weather. Many have had their houses, harvests and livelihoods destroyed by hurricanes. Some insurers and governments are offering "micro insurance" products that could help those on a low-income to get back on their feet after a disaster. But many are sceptical of the promises made by insurance firms. A pilot project on a number of Caribbean Islands wants to show locals how it could work.
A film by Michael Altenhenne
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Information
Length
06:22 Minutes
Date of publication
2018
Project
Climate Risk Adaptation and Insurance in the Caribbean (CRAIC)
Global Ideas
