Past Event

Disaster Risk Finance Academy: Affordable Disaster Risk Insurance through Public-Private Partnerships

Across the developing world, nearly one in five people are at risk of climate disasters from which they will not fully recover. Access to insurance remains low in many countries, leaving billions of people without adequate protection. In developing countries, only about 10 percent of the direct economic costs of natural hazards are insured. Neither governments nor private industry alone is well-equipped to deal with growing disaster losses. Public-private partnerships are necessary for sustainable insurance markets and affordable solutions. Public-private insurance partnerships (PPIPs) bring together private capital, expertise, relationships and innovation, with public sector data, regulation, education, and risk sharing to ensure that those at risk have access to insurance products which provide adequate protection against disasters.

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Across the developing world, nearly one in five people are at risk of climate disasters from which they will not fully recover. Access to insurance remains low in many countries, leaving billions of people without adequate protection. In developing countries, only about 10 percent of the direct economic costs of natural hazards are insured. Neither governments nor private industry alone is well-equipped to deal with growing disaster losses. Public-private partnerships are necessary for sustainable insurance markets and affordable solutions. Public-private insurance partnerships (PPIPs) bring together private capital, expertise, relationships and innovation, with public sector data, regulation, education, and risk sharing to ensure that those at risk have access to insurance products which provide adequate protection against disasters.

In partnership with the Turkish Catastrophe Insurance Pool (TCIP), the Insurance Development Forum, and academic partners, the Program’s objective is to help countries accelerate the development of disaster insurance markets through PPIPs.

Participants in this program will:

Understand how effective PPIPs are developed, learning from larger-scale programs in peer countries with proven impact
Learn the essential elements for PPIPs and disaster-risk finance which can contribute to increased resilience and more stable growth
Work with local and international academia, think-tanks, private sector, and other stakeholders to identify the building blocks of high-quality disaster insurance markets and risk-finance mechanisms fitted to the needs and challenges in their country.

Location: April 2025, Istanbul

Running Order

Day 1
Introductions, Overview and Fundamentals of Disaster Risk Finance (DRF)
8:30-9:15	Opening ceremony	Opening remarks, introduction to the program, expectations for the week
9:15-9:30	Introductions	Ice breaking exercise
9:30-10:30	Context and ambition in my country – Part 1	Delegates will present - 2 minutes each country - on their risk profile, DRF in their country, their objectives and expectations for the week
10:30-10:50	Coffee Break + group photo
10:50-11:15	Fundamentals of DRF	Framing presentation as foundation for the week
11:15-12:15	Context and ambition in my country – Part 2	Delegates will present - 2 minutes each country - on their risk profile, DRF in their country, their objectives, and expectations for the week
12:15-13:15	Lunch
Making DRF solutions sustainable – the role of public financial management (PFM)
13:15-14:15	Embedding DRF in the budget cycle	Technical framing presentation with interactive checklist on disaster risk-based budgeting Discussion between delegates in country groups
14:00-14:15	DRF in government budget	Technical framing presentation about how to get government administered funds right
14:15-14:45	Experience in my country on disaster funds	Select country delegates will present their experience: Morocco will focus on successes and lessons learned with FSEC, Moldova will focus on lessons learned and ambitions for next steps
14:45-15:15	Coffee Break
15:15-16:15	What instruments can my country access to finance disaster response? The WB Crisis Response Toolkit	WB World Café Style – 3 rotating topics of discussion in groups with host expert
16:15-16:30	Wrapping up and key takeaways
16:30-16:45	Discussions in country groups to identify relevant lessons and actions
18:00	Networking dinner
Day 2
Enhancing Financial Resilience for Households and MSMEs
8:30-8:45	Look forward to day 2
8:45-9:15	Protecting vulnerable households	Framing presentation on the value of building the financial resilience of households, and how this might differ for countries with greater or less developed markets.
9:15 – 9:30	Experience of delivering sovereign support through digital payments	Kazakhstan country representative to present their experience, followed by a short Q&A.
9:30 - 10:30	Group exercise	Delegates will receive a hypothetical disaster scenario and have to prepare a proposal for how best to respond through existing delivery mechanisms in their respective countries and how to strengthen their reach through future investments.
10:30-11:00	Coffee Break
11:00-11:30	Protecting vulnerable MSMEs	Framing presentation on the impact of natural catastrophes on MSMEs and the jobs market, including risk coping strategies and role of access to finance, drawing on experiences from COVID-19.
11:30 – 11:45	Experience of protecting businesses	WB representative to present a new project in Pakistan with financing for MFIs to on lend to firms and others affected by climate shocks, followed by a short Q &A.
11:45 - 12:15	Group exercise	Delegates to consider the same hypothetical disaster scenario from the previous exercise and consider how their government would support firms in that situation, given their past lessons.
12:15-13:15	Lunch
Getting Agriculture Insurance Right
13:15-13:30	Introduction to Agriculture Insurance	Framing on the motivation for, and main elements of agricultural insurance
13:30-14:00	The Role of Public and Private Sector	Framing on public private insurance partnerships, their value, and key elements
14:00 -14:30	Experience of agriculture insurance in my country	Presentation from delegates on select examples: Morocco to cover experience to date, challenges, role of public and private sectors, ambition for the future; Albania to cover their challenges, lessons learned from international experience, ambition for the future
14:30-14:45	Coffee break
14:45-15:45	Interactive discussion - over coffee - on unblocking private sector involvement	Group discussions, led by IFC insurance specialists
15:45 – 16:30	Technical Session with TARSIM (Türkiye)	Presentation on successes and lessons learned from implementing agricultural insurance in Türkiye with Q&A
16:30-16:45	Wrapping up and key takeaways
16:45-17:15	Discussions in country groups to identify relevant lessons and actions
Evening	Optional: informal meet the experts
Day 3
Property Catastrophe Insurance
8:30-8:45	Recap day 2 and look forward to day 3
8:45-9:00	Introduction to property catastrophe insurance	Technical presentation on key concepts
9:00-10:30	Public-private partnerships in property catastrophe insurance	World Café on: (i) Understanding the Problem, (ii) Design and Development, and (iii) Claims Management Participants to fill in factsheets for each of the groups
10:30-10:45	Coffee Break
10:45-11:45	International Experience Sharing	Short talks to share international experience on catastrophe insurance PPPs (Morocco, Kyrgyz Republic, New Zealand, Switzerland) with Q&A
11:45 – 12:00	Wrapping up and key takeaways
12:00-13:00	Lunch
13:00-13:30	Discussions in country groups to identify relevant lessons and actions
Study Visit
13:30-17:30	Study Visit to Turkish Catastrophe Insurance Pool (TCIP)	Led by TCIP team, study visit will focus on technical design, risk modeling and data, governance, legal environment, implementation, etc.
Day 4
Insurance Development Forum (IDF) – Private Sector Exchange
8:30-8:45	Recap of day 3 – speak about two things that participants learned in TCIP - and look forward to day 4
8:45-10:30	International market perspective	Introduction and presentations from IDF members: 1) Underwriting perspective – how does the market think about and manage risk; 2) Insurance in practice: what works, what does not?; 3) Innovation in insurance Q&A from the delegates to the private sector
10:30-10:45	Coffee Break
10:45-11:45	Exploring regional approaches	Presentation from WB on experience of regional risk finance and insurance initiatives followed by group discussion.
11:45-12:00	Wrapping up and key messages
12:00-13:00	Lunch
13:00-14:30	Group exercise	Delegates will be split into groups to develop ideas jointly with IDF members for presentation on specific DRF topics and pitch the ideas in shark tank / dragon’s den style
15:30-18:00	Visit to earthquake observatory	Visit to the Kandilli Observatory and Earthquake Research Institute
Day 5
Translating Knowledge into Action and Outcomes
8:30-8:45	Recap of day 4 and look forward to the final day
8:45-10:30	Translating knowledge into action: soft skills	Training from the university on how to implement what was learned during the week in practice. Including stakeholder mapping and influencing
10:30-10:45	Coffee Break
10:45-11:30	Action Plans	Country teams to wrap up the week with an action plan
11:30-12:15	Shark Tank Judging
12:15-13:00	Lunch
13:00-13:30	Certificate Distribution and Closing Remarks

For more information, please contact
Tatiana Skalon: tskalon@worldbank.org | John Plevin: jplevin@worldbank.org

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Date: April 07 - 11, 2025 ET

Location: Istanbul, Türkiye