Skip to Main Navigation
Events

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

April 7-11, 2025
Istanbul, Türkiye
Image
ClimateRiskFinance

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:

  1. Understand how effective PPIPs are developed, learning from larger-scale programs in peer countries with proven impact
  2. Learn the essential elements for PPIPs and disaster-risk finance which can contribute to increased resilience and more stable growth
  3. 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