Comoros

Overview

Main Natural Hazards

Flood, Tsunami

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¹
Source:

https://drmkc.jrc.ec.europa.eu/inform-index/INFORM-Risk/Country-Risk-Profile}

State of multidimensional fragility

Fragile

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¹
Source:

https://www3.compareyourcountry.org/states-of-fragility}

Number of insurance providers

8 insurance companies

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¹
Source:

https://www.africa-re.com/dashboards/KM}

% Workforce engaged in agriculture

35% (2022)

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¹
Source:

https://data.worldbank.org/indicator/SL.AGR.EMPL.ZS}

Multidimensional poverty

37.3% (2012)

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¹
Source:

https://hdr.undp.org/system/files/documents/hdp-document/2023mpireporten.pdf}

Insurance penetration

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¹
Source:

https://www.africa-re.com/dashboards/KM}

Biodiversity ranking

#204 out of 239 countries and territories (2023)

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¹
Source:

https://worldrainforests.com/03highest_biodiversity.htm}

Developing capacity to improve risk management
IRFF’s Engagement Initiative is focused on helping Least Developed Countries increase their technical capacity to manage risk in the face of increasing climate challenges and limited financial resources. Under the Engagement Initiative, IRFF is working with the Union of the Comoros’s government to build institutional capacity and develop policy on risk finance and disaster management. IRFF is also focusing on enhancing South-South learning opportunities with other countries across the Engagement Initiative.

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Incentivizing the development of new insurance products and services across emerging economies
UNDP’s Insurance Innovation Challenges are powering a new generation of insurance products and services tailored to underserved households and businesses in developing economies.
- Active in 25 countries, with an investment of over US$2.1 million
- Addressing specific barriers and opportunities to scale financial protection, with a particular focus on women, SMEs and other vulnerable groups
- Creating market opportunities for insurance providers and safeguarding development.
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