Series: 2021 Resilience Learning Month Insurance to Support the Resilience of Marine Coastal Ecosystems 11 November 2021 Healthy coastal ecosystems, such as coral reefs, are natural buffers that provide the first line of defense against extreme weather events. These ecosystems are rapidly declining, however, despite their importance for coastal cities, communities, and infrastructure. Insurance can financially protect and incentivize the maintenance of coastal ecosystems, such as coral reefs. This session explored how to design effective insurance solutions and provided an overview of the work of ADB and Asia-Pacific Climate Finance Fund (ACliFF) to develop such solutions, providing examples and insights from Fiji and the Philippines. Event Summary Program and Learning Materials 11 November 2021 Session / Activity Title Speaker(s) Part One Context of Insurance for Coral Reefs Opening Welcome and Introduction to the Asia-Pacific Climate Finance Fund (ACliFF) Designing Insurance for Coral Reefs - Why, What and How? This presentation gives an overview of the feasibility of designing suitable insurance schemes to manage various threats and risks on coral reefs. Andrea Camargo Question and Answer Session Part Two Implementing insurance for coral reefs in Asia-Pacific Presentation 1 Partnerships for Coral Reef Finance and Insurance in Asia and the Pacific This presentation gives an overview of ADB's action plan and commitment on coral reef finance and insurance in Asia and the Pacific. Arun Abraham Presentation 2 Coral Reef Finance and Insurance in Asia and the Pacific This presentation gives an overview of the significance of coral reef finance and insurance project to Tubbataha Coral Reef in the Philippines. Angelique Songco Perspectives from the field: Fiji Katy Miller and Lynda Miller Question and answer session Closing Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Event Coordinator/s Josh Ling ADB Organizer/s Climate Change and Sustainable Development Department Read Also Asia-Pacific Climate Finance Fund 2021 Resilience Learning Month Topics Climate Change Disaster Risk Management