CILRIF sub-working groups consist of a fluctuating subset of the broader CILRIF Working Group's representatives who volunteer to contribute their valuable experience and expertise in specific climate finance-related topics.

A brief summary of the key ideas discussed during session 2:

• natural catastrophe risk can be a consideration for construction projects running time
  horizons of 10-12 years;
• data and models are available internally with insurers and vendors – but their feasibility for
  long-term modelling needs to be tested;
• in addition, it is important to test existing climate models on some selected geographies in
  order to assess attractiveness of long-term insurance contracts;
• Caribbean islands and Philippines are possible locations to research for pilot sites.

Please, refer to the presentation material to read about the session's agenda/outcomes in detail.