Applying a gender lens to climate risk finance and insurance
There is a clear case for the InsuResilience Global Partnership to focus on the gender dimensions of Climate Risk Insurance (CRI). Women and men face differential climate change vulnerabilities, risks and impacts based on their gender, with implications for their livelihoods, wellbeing and coping strategies. There is a need to increase access to CRI solutions among vulnerable populations, especially women, as it can enhance adaptation and resilience building mechanisms to better manage climate risks and unexpected shocks. This is in the context where there is a greater need to more broadly involve women in all aspects of climate risk preparedness. Gender is relevant to all aspects of climate risk responses and CRI models. Prevailing gender norms can influence an individual’s access to information and choice of solutions to strengthen their resilience to climate change. CRI is one solution among other mechanisms. Wherever offered, gender-sensitive approaches to CRI can be expected to improve up-take and impact among women and men.
The paper identified a gap in the exploration of the gender-dimensions of different models of climate and disaster risk finance and insurance (CDRFI).