Gender and Climate and Disaster Risk Finance and Insurance

This paper seeks to contribute toward research on Gender and Climate and Disaster Risk Finance and Insurance to increase the local knowledge base of indigenous sources of information to inform national and regional level strategies for the inclusion of marginalized groups. More specifically, the aim is to explore to what extent small-scale farmers – with a focus on women farmers in Barbados, Grenada, and Antigua and Barbuda – have access to parametric insurance (PI) and to provide recommendations on the types of additional actions and research needed to improve access and uptake. By extension, this also involves identifying barriers to accessing PI and to what degree gender is mainstreamed into PI programmes offered in the identified Caribbean countries, including the CCRIF SPC activities (formerly the Caribbean Catastrophe Risk Insurance Facility). Drawing on a review of relevant literature and other sources of information, the following sections explore the concept of PI, how it works, its role in the agriculture sector in the face of climate change, and its emergence in developed and developing countries (section 1.1); how gender may be integrated, depending on the insurance approach (section 1.2); and existing PI facilities in the Caribbean, with specific emphasis on CCRIF SPC and its scope, members, products, and the extent to which gender is mainstreamed within it (section 1.3).