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.
Program and Learning Materials:
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 11 Nov 2021 | Part One | Context of Insurance for Coral Reefs | |
| 11 Nov 2021 | Opening | Welcome and Introduction to the Asia-Pacific Climate Finance Fund (ACliFF) | |
| 11 Nov 2021 |
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 | |
| 11 Nov 2021 | Question and Answer Session | ||
| 11 Nov 2021 | Part Two | Implementing insurance for coral reefs in Asia-Pacific | |
| 11 Nov 2021 | 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 |
| 11 Nov 2021 | 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 |
| 11 Nov 2021 | Perspectives from the field: Fiji | Katy Miller and Lynda Miller | |
| 11 Nov 2021 | Question and answer session | ||
| 11 Nov 2021 | Closing |