Across the developing world, nearly one in five people are at risk of climate disasters from which they will not fully recover. Access to insurance remains low in many countries, leaving billions of people without adequate protection. In developing countries, only about 10 percent of the direct economic costs of natural hazards are insured. Neither governments nor private industry alone is well-equipped to deal with growing disaster losses. Public-private partnerships are necessary for sustainable insurance markets and affordable solutions. Public-private insurance partnerships (PPIPs) bring together private capital, expertise, relationships and innovation, with public sector data, regulation, education, and risk sharing to ensure that those at risk have access to insurance products which provide adequate protection against disasters.
In partnership with the Turkish Catastrophe Insurance Pool (TCIP), the Insurance Development Forum, and academic partners, the Program’s objective is to help countries accelerate the development of disaster insurance markets through PPIPs.
Participants in this program will:
- Understand how effective PPIPs are developed, learning from larger-scale programs in peer countries with proven impact
- Learn the essential elements for PPIPs and disaster-risk finance which can contribute to increased resilience and more stable growth
- Work with local and international academia, think-tanks, private sector, and other stakeholders to identify the building blocks of high-quality disaster insurance markets and risk-finance mechanisms fitted to the needs and challenges in their country.
Program initiation: April 2025, Istanbul
Tentative agenda
DAY: 1 | ||
Introductions, Overview and Fundamentals of DRF | ||
8:30-9:15 | Opening ceremony | Opening remarks, introduction to the program, expectations for the week |
9:15-9:30 | Introductions | Delegates introduce themselves to each other and share intentions for the week. |
9:30-10:30 | Context and ambition in my country – Part 1 | Delegates will present - 5 minutes each country - on their risk profile, disaster risk finance in their country, their objectives and expectations for the week |
10:30-10:45 | Coffee Break | |
10:45-11:15 | Fundamentals of DRF | Framing presentation as foundation for the week |
11:15-12:15 | Context and ambition in my country – Part 2 | Delegates will present - 5 minutes each country - on their risk profile, DRF Agenda in their country, their objectives, and expectations for the week |
12:15-13:15 | Lunch | |
Sovereign Disaster Risk Insurance and Finance and Public Finance Management | ||
13:15-14:15 | Disaster risk-based budgeting | Technical framing presentation
DRBB entry points & illustrative cases with interactive participation from country delegates |
14:00-14:15 | Disaster funds: how to get them right | Technical framing presentation |
14:15-14:45 | Experience of disaster funds in my country | Select country delegates will present their experience: Morocco will focus on successes and lessons learned with FSEC, Moldova will focus on lessons learned and ambitions for next steps |
14:45-15:15 | Coffee Break | |
15:15-16:15 | What instruments can my country access to finance disaster response? The WB Crisis Response Toolkit | WB World Café Style – 4/5 rotating topics of discussion in groups with host expert |
16:15-16:45 | Discussions in country groups to identify relevant lessons and actions | |
16:45-17:00 | Wrapping up and key takeaways | |
19:00 | Networking dinner | |
DAY: 2 | ||
Enhancing Financial Resilience for Households and MSMEs | ||
8:30-8:45 | Recap day 1 and look forward to day 2 | |
8:45-9:15 | Protecting vulnerable households | Framing presentation on value of building financial resilience of households, and how this might differ for countries with greater or less developed markets. |
9:15 – 9:30 | Experience of delivering sovereign support through digital payments | Country delegate to share their experience |
9:30 - 10:15 | Group exercise | Countries to discuss the delivery mechanisms in respective countries and how to strengthen their reach. |
10:15-10:45 | Coffee Break | |
10:45-11:15 | Protecting vulnerable MSMEs | Framing on impact of natural catastrophes on MSMEs and the jobs market, including risk coping strategies and role of access to finance. Discussion on experiences from COVID-19. |
11:15 – 11:45 | Experience of protecting businesses | WB to present a program to support financing for MFIs to on lend to firms and others affected by climate shocks (Pakistan) and use this for a group discussion on eligibility criterion for the MFIs/firms to access option, structure of financing, and evaluation |
11:45 - 12:15 | Private sector perspective | Q&A with AXA Climate on the impact of protecting critical infrastructure on the economy, ensure business and service continuity, and stabilize government expenditures and revenue, fiscal stability and market impact. |
12:15-13:15 | Lunch | |
Getting Agriculture Insurance Right | ||
13:15-13:30 | Introduction to Agriculture Insurance | Framing on the motivation for, and main elements of agricultural insurance |
13:30-14:00 | The Role of Public and Private Sector | Framing on public private insurance partnerships, their value, and key elements |
14:00 -14:45 | Interactive discussion on unblocking private sector involvement | Group discussions, led by IFC insurance specialist |
14:45-15:15 | Experience of agriculture insurance in my country | Presentation from delegates on select examples: Morocco to cover experience to date, challenges, role of public and private sectors, ambition for the future; Albania to cover their challenges, lessons learned from international experience, ambition for the future |
15:15-15:30 | Coffee Break | |
15:30 – 16:30 | Technical Session with TARSIM (Turkey) | Presentation on successes and lessons learned from implementing agricultural insurance in Türkiye |
16:30-17:00 | Discussions in country groups to identify relevant lessons and actions | |
17:00-17:15 | Wrapping up and key takeaways | |
Evening | Optional: informal meet the experts | |
DAY: 3 | ||
Developing Catastrophe Insurance Market | ||
8:30-8:45 | Recap day 2 and look forward to day 3 | |
8:45-9:00 | Introduction to property catastrophe insurance | Technical presentation on key concepts |
9:00-10:30 | Public-private partnerships in property catastrophe insurance | World Café on: (i) Understanding the Problem, (ii) Design and Development and (iii) Solution Implementation |
10:30-10:45 | Coffee Break | |
10:45-12:15 | International Experience Sharing | Short talks to share international experience on catastrophe insurance PPPs (Morocco, Kyrgyz Republic, New Zealand, Insurance Development Forum [IDF]) World Café Style – interactive |
12:15-13:15 | Lunch with each delegations coming up with key takeaways | |
13:15-13:30 | Wrapping up and key takeaways | |
Study Visit | ||
13:30-17:30 | Study Visit to Turkish Catastrophe Insurance Pool (TCIP) | Led by TCIP team, study visit will focus on technical design, risk modeling and data, governance, legal environment, implementation, etc. |
DAY: 4 | ||
Insurance Development Forum (IDF) – Private Sector Exchange | ||
8:30-8:45 | Recap of day 3 and look forward to day 4 | |
8:45-10:30 | IDF Presentations | Introduction and presentations from IDF members on how the market operates, what they look for, what helps getting support, factors private sector consider in entering or supporting private-public insurance partnerships |
10:30-10:45 | Coffee Break | |
10:45-11:45 | Regional Programs Overview | Presentation from WB on experience of regional risk finance initiatives
Experience shared from Djibouti on their experience of a regional program, including benefits and challenges |
11:45-12:00 | Wrapping up and key messages | |
12:00-13:00 | Lunch | |
13:00-14:30 | Group exercise | Delegates will be split into groups to develop ideas jointly with IDF members for presentation on specific DRF topics and pitch the ideas in shark tank / dragon’s den style |
15:30-18:00 | Visit to earthquake observatory | Visit to the Kandilli Observatory and Earthquake Research Institute |
Gala Dinner | ||
DAY: 5 | ||
Translating Knowledge into Action and Outcomes. | ||
8:30-8:45 | Recap of day 4 and look forward to the final day | |
8:45-9:30 | Soft skills #1, TBC | Training from the university on how to implement what was learned during the week in practice |
9:30-10:30 | Soft skills #2, TBC | Training from the university on how to implement what was learned during the week in practice |
10:30-10:45 | Coffee Break | |
10:45-11:30 | Action Plans | Country teams to wrap up the week with an action plan |
11:30-12:15 | Shark Tank Judging | |
12:15-13:00 | Lunch | |
13:00-13:30 | Certificate Distribution and Closing Remarks | |