Episode 2

S04.02 The benefits of parametric insurance in the face of climate-related disasters

In this episode, David Mikhail talks with Krishnan Narasimhan, Programme Manager at UNCDF, about parametric insurance. Krishnan explains how UNCDF employs a market development strategy to inspire private companies to offer cutting-edge insurance innovations to emerging markets in the Pacific.

Krishnan describes how the first parametric insurance product in the Pacific was introduced by UNCDF following extensive consultation with local partners and stakeholders. He talks about how, over the past few years, UNCDF has been working to develop digital delivery models, offering technical advisory services and blended financing to de-risk capital through grants, loans, and guarantees. This has allowed the organisation to contribute to the growth of ecosystems that can stimulate underdeveloped markets in providing climate insurance solutions to their constituents.

Websites: https://www.uncdf.org

Hashtags: #CapitalMusings | #COP27

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Capital Musings is a production of the Partnerships, Policy and Communications unit of the United Nations Capital Development Fund, with the support of the UN Web TV.

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Capital Musings
Capital Musings is the Podcast show of the UN Capital Development Fund (UNCDF)

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United Nations Capital Development Fund

The UN Capital Development Fund makes public and private finance work for the poor in the world’s 45 least developed countries (LDCs).

UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.

UNCDF pursues innovative financing solutions through: (1) financial inclusion, which expands the opportunities for individuals, households, and small and medium-sized enterprises to participate in the local economy, while also providing differentiated products for women and men so they can climb out of poverty and manage their financial lives; (2) local development finance, which shows how fiscal decentralization, innovative municipal finance, and structured project finance can drive public and private funding that underpins local economic expansion, women’s economic empowerment, climate adaptation, and sustainable development; and (3) a least developed countries investment platform that deploys a tailored set of financial instruments to a growing pipeline of impactful projects in the “missing middle.’’