WORKSHOP – Parametric insurance for ecosystems and associated livelihoods
Supported by NATURANCE, WTW hosted a roundtable discussion on parametric insurance for ecosystems and associated livelihoods on June the 11th, from 15:00 to 17:30 (BTS).
The round table discussion centred on the topic of parametric insurance for ecosystems and associated livelihoods. This session aimed to take stock of existing parametric programmes and those under conceptual development. Participants presented case studies from various industries, including brokers, insurers, and conservation agencies, highlighting the technical setup of some parametric policies. These presentations sparked valuable discussions on lessons learned and generated some light debate.
The session concluded with an open discussion on scaling ecosystem parametric insurance beyond pilot projects and extending it to other geographies, including Europe. Representatives from ten organisations participated in the round table. The sectors represented included conservation specialists, brokers, insurers, and blue finance funders. This diverse mix of expertise facilitated a comprehensive and insightful exchange of ideas, emphasising the importance of collaborative efforts in advancing the field of ecosystem parametric insurance.