Overview

The Dominican Republic is at high risk from natural disasters. As a Small Island Developing State in the Caribbean, it suffers frequent tropical cyclones and storms. Flooding affects the most people, but drought also impacts people and agriculture, and earthquakes too are a risk. Lack of urban planning exacerbates environmental degradation and increases exposure to disaster losses. Risk finance and insurance solutions can mitigate disaster risk and increase financial protection for vulnerable groups.

Main Natural Hazards

Cyclone, Earthquake, Tsunami, 

Flood

1
1 Source:
https://drmkc.jrc.ec.europa.eu/inform-index/INFORM-Risk/Country-Risk-Profile
Insurance penetration

1.4% (2022)

1
1 Source:
https://irff.undp.org/sites/default/files/dominican-republic-diagnostic.pdf
Number of insurance providers

33 insurance companies and 2 reinsurers

1
1 Source:
https://irff.undp.org/sites/default/files/dominican-republic-diagnostic.pdf
% Workforce engaged in agriculture

8% (2022)

1
1 Source:
https://data.worldbank.org/indicator/SL.AGR.EMPL.ZS
Multidimensional poverty

15.4% (2023)

1
1 Source:

Percentage of population living in multidimensional poverty (MPI-LA Methodology), https://mepyd.gob.do/sisdom/
% of population covered by inclusive insurance products

3.7%

1
1 Source:

The Microinsurance Network, Landscape of Microinsurance 2017, Based on target population estimate for Dominican Republic of 390,000 https://microinsurancenetwork.org/es/resources/el-panorama-del-microseguro-en-america-latina-y-el-caribe-2017
Biodiversity ranking

#112 out of 239 countries and territories (2023)

1
1 Source:
https://worldrainforests.com/03highest_biodiversity.htm
Small business % contribution to workforce

37.2% of total employment (2023)

1
1 Source:
https://www.statista.com/statistics/1023259/dominican-republic-micro-small-medium-enterprises-employment/

Our work in numbers

1.5

Million projected beneficiaries

Reaching people through insurance and risk finance solutions.

2

Insurance solutions in development

Protecting people, jobs, agriculture and public assets.

2

Institutional and policy processes

Strengthening the enabling environment for insurance to scale.

200

Training programme participants

Building country capacity in insurance and risk finance.

Our projects

Dominican coastline