Wildfire risk: The role of parametric insurance in incentivising adaptation
Portugal is one of Europe’s most fire-prone countries, facing a growing wildfire risk driven by climate change, prolonged droughts, and increasingly frequent extreme heat events. Forests cover approximately 35% of its land area and contribute around 2.5% to its GDP...
Madagascar and GRMA Launch the Second Phase of Climate Risk Analytics Programme with AXA Climate
The Global Risk Modelling Alliance (GRMA) programme has provided a contract to Madagascar’s Cellule de Prévention et d’appui à la Gestion des Urgences (CPGU) to expand its support to the Government of Madagascar through a second phase of technical assistance. The new...
Colombia strengthens climate resilience with parametric insurance for 14,402 smallholder farmers
The Colombian government has contracted five parametric agricultural insurance policies which directly cover 14,402 smallholder farmers, benefitting up to 41,600 people across their households in five departments — Sucre, Córdoba, Cundinamarca, Meta and Chocó. A...
AXA Climate Designs Parametric Insurance Solution for the Mesoamerican Reef’s 6th Placement
The Mesoamerican Reef Fund (MAR Fund), together with WTW, the InsuResilience Solutions Fund (ISF), and AXA Climate, has announced the sixth annual placement of the MAR Insurance Programme. This pioneering regional initiative uses parametric insurance to provide rapid...
Wildfire risk is expanding across France, new AXA Climate map shows
New mapping by AXA Climate shows that conditions conducive to wildfires are now extending across the entire country. For decades, wildfire risk in France was seen as a challenge largely confined to the Mediterranean coast. But climate change is not only increasing the...
Microfinance and climate risk: between exposure and opportunity
Microfinance institutions (MFIs) are a cornerstone of local development in emerging and developing economies. By financing small entrepreneurs, farmers and underserved households, they often serve as the primary bridge between vulnerable populations and the formal...
Dominican Republic contracts first parametric insurance as part of its adaptive social protection system
The Dominican Republic has become the first country in Latin America and the Caribbean to integrate parametric insurance into its adaptive social protection system. Developed through the Tripartite Agreement between the United Nations Development Programme (UNDP), the...
The Adaptation and Resilience Investment Opportunity for Infrastructure
Targeted investments in resilient infrastructure can reduce financial losses, protect millions of jobs and asset value, and minimize disruptions of essential services in emerging markets, according to a new report by the World Bank Group, AXA Climate, and Scientific...
Climate Risks and Telecom Infrastructure in Africa: From Vulnerability to Resilience
Telecommunications networks are now a backbone of Africa’s economic and social development. They connect businesses to markets, enable digital services, and support everything from mobile banking to emergency communications. However, across Africa, telecom...
A New Index for Wind Risk: A Scalable Model for Windstorm Insurance
Windstorms cause more forest damage in Europe than any other natural hazard. AXA Climate has developed and validated a climate-sensitive insurance framework for windthrow risk — now tested across Germany, France, Ireland, Scotland, and Denmark — that delivers credible...