Roger Godsiff – 2016 Parliamentary Question to the Department for International Development
The below Parliamentary question was asked by Roger Godsiff on 2016-03-10.
To ask the Secretary of State for International Development, what steps the UK is taking to support the provision of climate risk insurance to people who are most vulnerable to the impact of climate change; and how much funding she plans to allocate to such support.
Mr Nick Hurd
The UK is a leader in climate risk insurance and is committed to contributing to meeting the G7 “InsuResilience” collective target set out in the Elmau declaration of helping up to an additional 400 million people in the most vulnerable developing countries to gain access to climate risk insurance by 2020.
Recent UK support for the provision of climate risk insurance includes contributions of up to £100m to African Risk Capacity (ARC), up to £15m for the Pacific Catastrophe Risk Assessment and Financing Initiative, £5m to help developing countries with disaster contingency planning backed by risk finance, £3m of technical support to the Government of the Philippines to help them implement their financial protection and insurance strategy, and £1.4m to support livestock insurance for pastoralists in Kenya.
