Promoting Integrated Mechanisms for Climate Risk Management and Transfer

As a result of climate change, extreme weather events are expected to increase regionally. The impacts of floods, droughts and storms and the damage they cause particularly affect societies that do not have adequate means for climate adaptation. However, they can better adapt to the consequences of climate change if insurance is part of an integrated disaster risk management for weather extremes that integrates prevention, preparedness, risk transfer and reconstruction. The project strengthened the adaptation of agriculture in Ghana to climate change through direct and indirect insurance products as part of an integrated management of drought and flood risks. The project also developed insurance solutions in other sectors and countries, including for critical urban infrastructure and transport. It ensured the dissemination of positive examples, e.g. in the context of the UNFCCC Climate Dialogue.

Project data

Countries: Barbados, China, Ghana, Morocco
IKI funding: 5,000,000.00 €
Duration: 11/2015 till 06/2019
Status: completed
Implementing organisation: Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH
Political Partner: Ministry of Ecology and Environment - China

Ministry of Finance and Economic Planning - Ghana

Ministry of Interior (Mol) - Ghana
Implementing Partner: Ghana Insurers Association - Ghana

Munich Climate Insurance Initiative (MCII)

National Disaster Management Organization (NADMO) - Ghana

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State of implementation/results

Project completed.
The concept of integrated climate risk management was developed across organisations and disciplines and established on an interdisciplinary basis.
The roadmaps for the 3 sectors mentioned in Barbados, China and Morocco, as well as for the implementation in Ghana, were developed together with the target groups and introduced into the political processes.
Risk analyses (hazard, exposure and vulnerability) were carried out in the countries and cost-benefit comparisons of different risk management strategies were drawn up.
In Ghana, a roadmap for the development of an extended national drought contingency plan was developed in a multi-stakeholder approach.
Ghana was accompanied in the process of accreditation with the regional structure African Risk Capacity (ARC). The decision to sell the insurance policy by parliament is still pending.
For the agricultural sector, a conceptual framework, tools and guiding questions were developed to assist government officials and development agencies that wanted to consider insurance solutions to develop a comprehensive risk management approach.
Success factors for the implementation of insurance schemes in the agricultural context were developed. Results were presented and discussed through various formats and policy platforms (e.g. CoP, GPDRR, Adaptation Futures, NAP Expo, SDGs etc.) and technical platforms (e.g. Understanding Risk, International Microinsurance Conference, PSI events, ICLEI etc.).
Best practices, educational films, games and virtual reality games are developed and publicly available.
The database (Climate Insurance) developed in cooperation with the Global Index Insurance Facility (GIIF) of the World Bank Group, which was also mirrored on the UNISDR platform "Prevention Web", now presented the activities of 8 International Organisations with 22 Factsheets (reports on project activities) and 6 InFocus (field reports and lessons learned on project specific topics). The access of both platforms opened up a wider user group from different disciplines (including climate risk management, insurance, change and adaptation).

Latest Update:
12/2025