After the last Champions’ meeting inApril, an expert-level group consisting of donors, insurersand international financial institutions was formed to acton the decision to undertake joint work to scale up disasterrisk insurance in lower income countries. Seven countrieswere selected: Bangladesh, Ghana, Haiti, Kenya, Senegal,Tanzania and Vietnam. The World Bank/Global Facility forDisaster Reduction and Recovery (GDFRR) led in preparingcountry scoping studies with inputs from the group. Thesewere summarized in a set of country notes. From the countryscoping studies, the expert-level group proposes that Kenya,Bangladesh and Senegal are selected for the next phase. Thiswill involve confirming the interest and commitment of thegovernments to engage in this initiative and undertakingfield visits to conduct more detailed, in-country assessmentto identify opportunities for scaling up insurance insupport of building resilience. Each assessment will resultin a recommended program of investment to stimulateinsurance scale up. This will include recommendations on howto improve the coordination of existing efforts, how to fillgaps (such as continued investment in marketinfrastructure), how to scale up pilot initiatives and howto better link insurance solutions to existing financialproducts (such as credit) and social protection programs. Byearly 2014, the assessments will be completed. By April2014, the recommended program of investment for each countrywill be presented to the donor and insurance communityinvolved in this Political Champions’ initiative for theirconsideration and commitment of support.
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