Paying the Premium

This working paper examines insurance mechanisms as a tool to improve climate change resilience for poor and vulnerable populations, intended to inform UNFCCC discussions leading up to the December 2009 Conference of Parties in Copenhagen.

• The paper argues that well-designed disaster risk management strategies are essential adaptation investments. These strategies include structural interventions, local village-level responses, early warning systems, and insurance.
• Insurance can enhance resilience to economic shocks by transferring the risk of future losses to providers, which protects policy-holders from large-scale economic losses and provides immediate financial liquidity following a disaster.
• Climate change is expected to increase the frequency and intensity of weather-related hazards like droughts and storms, which may increase economic damages primarily in developing countries and hinder the achievement of basic development goals if risk reduction strategies are not in place.

APA

World Resources Institute (n.d.). Paying the Premium. https://www.wri.org/research/paying-premium

Chicago

World Resources Institute. Paying the Premium. n.d. https://www.wri.org/research/paying-premium.

Wikipedia

{{cite report |author=World Resources Institute |title=Paying the Premium |url=https://www.wri.org/research/paying-premium |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitutendpaying, author = {{World Resources Institute}}, title = {{Paying the Premium}}, institution = {World Resources Institute}, url = {https://www.wri.org/research/paying-premium}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }