As developing countries struggle to recover from the COVID-19 pandemic, digital solutions are enabling economic transformation and putting them on a path toward green, resilient, and inclusive growth. Private and public investment in digital solutions is bringing critical services to the poorest, creating jobs, strengthening small and medium businesses, enabling trade and services, and building resilience to shocks. At the same time, more than half the developing world remains digitally unconnected, and risks around privacy and cybersecurity are growing worldwide.
The discussion about the digital revolution highlighted innovative ways countries are using digital technologies. From digital financial services, to remote schooling, to more inclusive government services, digital solutions are accelerating more equitable and resilient growth. We heard from public and private sector leaders from around the globe about how safe and effective digital technology has become essential to development in the digital age.
With co-financing from a World Bank administered multi-donor trust fund (MDTF), the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) offers sovereign insurance for earthquakes, tropical cyclones, and excess rainfall to Caribbean and Central American countries. Currently, 19 countries in the Caribbean and 3 in Central America have memberships that through the years translated into 54 payouts totaling $245 million benefiting over 3.5 million people.
From tsunamis in Asia and earthquakes in Latin America, to hurricanes in the Caribbean and cyclones in Africa, disasters caused by natural hazards claimed some 1.3 million lives between 1998 and 2017, and wreaked untold havoc on livelihoods and infrastructure worldwide.
We see no sign of the risk posed by natural hazards decreasing, particularly having witnessed the devastating impact of Cyclone Idai on families and communities in Africa earlier this year. What’s worse, climate change is making storms, floods, droughts, and heatwaves even more frequent, damaging, and deadly.
Deadline: 27-Dec-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)
The World Bank through the action of the Disaster Risk Financing and Insurance Program (DRFIP) team supports a number of countries in their efforts to understand and to manage the risks and costs of natural disasters.
In order to anticipate needs for damage assessment and claims management systems, the World Bank DRFIP is now exploring the development of a comprehensive claims management platform, which would consist in a generic framework for damage and loss assessment, and claims handling, processing and monitoring, illustrated through four country case studies (Indonesia, Morocco, Philippines and Vietnam).
Deadline: 31-Oct-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)
Within the context of the TA, the consultancy aims to contribute to increased climate and disaster resilience in selected cities in Cameroon through building capacity of academia, professionals, and institutions to plan for resilient urban development and facilitating the integration of risk information and resilient concepts into urban spatial planning.
Deadline: 22-Oct-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)
The Disaster Risk Financing and Insurance Program (DRFIP) is seeking support from a firm in the specification, development and validation of quantitative and actuarial tools (likely in MS Excel). The tools will be used in disaster risk financing and insurance capacity building and decision making. The tools should draw on current international best practice in user interface design, user experience, visualization, transparency and quality in coding, and probabilistic financial and actuarial and economic analysis.
WASHINGTON DC, August 15, 2017—A new catastrophe risk insurance program to help the Philippines better respond to losses from climate and disaster risks was launched by the Government of the Philippines, supported by the World Bank (IBRD, International Bank for Reconstruction and Development) and the U.K. Department for International Development.
The program provides the Philippine peso equivalent of US$206 million in coverage against losses from major typhoons and earthquakes to national government assets, and to 25 participating provinces against losses from major typhoons. Insurance payouts are made when pre-defined parametric triggers are met.