Skip to content

IDF Reports & PublicationsMembers' Reports & Publications

The “Flood Risk Modeling to Support Risk Transfer:┬áChallenges and opportunities in data-scarce contexts” report reviews the processes and challenges in developing flood risk models to support disaster risk financing and insurance and proposes guidelines for risk modeling and risk monitoring in support of flood risk transfer instruments for data-scarce contexts.

Published in May 2023, this report is part of the ongoing partnership between the World Bank, through its Disaster Risk Financing and Insurance Program (DRFIP), and the Insurance Development Forum to deliver joint analytical and technical products to inform the design of financial (market-based) instruments and policy reforms for increased financial resilience and protection for people, communities, businesses, and public institutions vulnerable to climate shocks and disasters.

The guidance in this report is informed by consultations with insurance industry and development sector practitioners including with flood hazard and risk modeling experts, underwriters and brokers, and earth observation specialists.The guidance should be considered by organizations commissioning flood models for DRFI purposes, to develop greater understanding of the technical and non-technical needs of such projects.

This report is part of the ongoing partnership between the World Bank, through its Disaster Risk Financing and Insurance Program (DRFIP), and the Insurance Development Forum to deliver joint analytical and technical products to inform the design of financial (market-based) instruments and policy reforms for increased financial resilience and protection for people, communities, businesses, and public institutions vulnerable to climate shocks and disasters.

Download the Report: Flood Risk Modeling to Support Risk Transfer

Date

16th May, 2023

Share