Expansion of Climate and Disaster Risk Insurance Solutions in Vanuatu

Description

UNCDF, through the Pacific Insurance and Climate Adaptation Programme (PICAP), is expanding Climate and Disaster Risk Insurance solutions in Vanuatu to strengthen resilience against climate and natural hazards. Working with licensed and regulated insurance and financial institutions/underwriters, the initiative will deliver inclusive parametric insurance that provides rapid, trigger-based payouts. The programme prioritizes women, farmers, fishers, MSMEs, and other underserved groups to improve financial inclusion, protect livelihoods, and support economic stability UNCDF Procurement Unit