Developing countries use insurance as buffer against climate change

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assurance parametriuqe risques naturels secheresse

Les débris laissé par le passage de l’ouragan Dean à Kingston, Jamaique © Anthony A FOSTER/AFP

FACED with an increase in the frequency and intensity of natural disasters, governments in the developing world, the Caribbean included, are taking a more proactive approach to climate change – insurance.

Insurance is a key ingredient in mitigating disaster risks. More specifically, its index-based approach to managing risks forms the basis of steps now being taken by governments to mitigate the fallout from disasters.

Caribbean Catastrophe Risk Insurance Facility

Jamaica Observer

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