Insure people and economies.



During disasters, it is not only buildings that collapse but also livelihoods. Farmers, shopkeepers and informal workers often lose everything overnight. Entire nations also see years of progress wiped out as public finances are diverted towards reconstruction.

Insurance can protect both people and economies, helping communities recover quickly and preventing wider economic disruptions.

In Samoa, a parametric insurance model is protecting farmers, fisherfolk and small businesses against the financial impacts of extreme weather. The scheme pays out a portion of the insured sum 24-48 hours before a disaster strikes, based on early warning triggers. This keeps businesses afloat, helps farmers recover faster and prevents economies from sliding into debt.

Countries are also beginning to shield their budgets against disaster shocks. In the Caribbean, the Caribbean Catastrophe Risk Insurance Facility (CCRIF) offers parametric insurance that provides rapid payouts based on predefined conditions such as wind speed or rainfall. This model enables governments to access funds within 14 days, supporting immediate response and easing fiscal strain.

When communities bounce back quickly, and countries recover without derailing budgets, development is sustainable.
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