This demand and supply study report examines the growing impact of disasters caused by environmental hazards on individuals and households across Kiribati and explores financial gaps that could feasibly be filled through climate and disaster risk financing solutions such as parametric insurance.

Kiribati, characterized by its low-lying atolls and vulnerability to rising sea levels and extreme weather events, is at the forefront of climate change impacts. This report delves into the complex landscape of disaster risk financing, assessing both the demand from Kiribati's population for effective insurance and financing tools to mitigate climate and disaster-related losses, as well as the supply side, including the capacity of insurance providers and the National Government to meet these needs. By shedding light on the intricate interplay between demand and supply, this study aims to inform the Pacific Insurance and Climate and Adapation Programme (PICAP) about the state of climate and disaster risk financing in Kiribati, with the ultimate goal of enhancing resilience and adaptation in the face of an increasingly uncertain climate future through targeted CDRF instruments.