Applying a Gender Lens to Climate Risk Finance and Insurance
The latest Intergovernmental Panel on Climate Change (IPCC) report highlights the urgency of immediate action to prevent the temperatures exceeding 1.5°C. The scale of existing climate change-induced disasters is set to worsen, which requires new adaptation and resilience strategies to help the most vulnerable communities cope.
International climate change experts and frameworks recognize that women and men face different climate change vulnerabilities, risks, and impacts based on their gender. Women are disproportionately represented among the poorest and most vulnerable populations that suffer the most significant impacts. This is acknowledged in the ‘Gender Action Plan (GAP),’ adopted at COP 23, which calls for a gender-sensitive approach to mitigation actions and adaptive responses. This includes promoting gender-sensitive climate risk insurance, which acknowledges gender differential vulnerabilities to climate change and patterns of access and usage of financial services between men and women due to social norms.
Given this context, there is a clear case for the InsuResilience Global Partnership to focus on the gender dimensions. Therefore, the InsuResilience Secretariat has commissioned this paper to explore the link between gender and climate and disaster risk finance and insurance (with a particular focus on climate risk insurance) and provide recommendations for the Partnership.