Insuring Nature to Reduce Risks

Insuring Nature to Reduce Risks

June 21, 2022

Published by the United Nations Development Programme (UNDP), in cooperation with the Ocean Risk and Resilience Action Alliance (ORRAA) with funding from the Government of Canada, the report highlights the issues and the opportunities for risk transfer solutions for protecting coral reefs and improving their resilience. The findings will help policymakers and practitioners grasp how insurance and alternative risk transfer mechanisms can create a potential stream of financial resources for coral reef restoration. The paper argues the merit of restoring reef ecosystems as a way of supporting risk reduction. It also examines insurance’s contribution to reef resilience and the need for continued risk awareness and education.