Pacific Insurance and Climate Adaptation Programme

Climate related disasters are the number one cause for displacement within countries in the last decade. More than twenty-million people have been forced to leave their homes each year. Pacific Small Island Developing States (PSIDS) make up seven of the ten countries facing the highest risk of internal displacement from extreme weather events. The accelerated frequency and severity of the disasters due to climate change in the South Pacific region have disrupted economic and social progress as well as development gains. Despite the high exposures to natural hazards most people in this region do not have any form of insurance protection.

The Pacific Insurance and Climate Adaptation Programme aims to improve the financial preparedness and resilience of Pacific people towards climate change and natural hazards. The Programme will develop sustainable interventions and build on the successes achieved under the Pacific Financial Inclusion Programme (2008-2021), the primary focus will be on market-based meso and micro insurance schemes. The Programme will offer an option for the national and sub national governments to consider subscribing to a ‘macro to micro’ scheme, to cater for the most vulnerable segments. Fiji, Vanuatu, Tonga, Samoa, Solomon Islands, Papua New Guinea and other PSIDS will be covered under the multi-year Programme.

Women, youth and MSME who are disproportionately affected by natural disasters will be the target segments of the Programme. Heavily reliant sectors - agriculture, fisheries, retail and tourism - will also be of focus. As part of UNCDF’s global strategy, Leaving No One Behind in the Digital Era, the Programme will be working with the Pacific Digital Economy Programme to create digital payment solutions to reach Pacific Islanders in rural and remote areas.

The ‘Pacific Insurance and Climate Adaptation Programme’ launched on 2 December 2020, is a multi-year Programme that is jointly implemented by UN Capital Development Fund (UNCDF), UN Development Programme (UNDP) and UN University- Institute for Environment and Human Security (UNU-EHS).

The programme receives financial support from the Governments of Australia, India and New Zealand. While the Pacific Insurance and Climate Adaptation Programme is supported by Australia and New Zealand, the India-UN Development Partnership Funding is exclusively for "Developing Climate Disaster Risk Financing Framework and Parametric Insurance" project in Fiji.


The Pacific Insurance and Climate Adaptation Programme is Funded by:


our TEAM

Krishnan Narasimhan
Programme Manager

Praneel Pritesh

Reginald Singh