This playbook aims to provide a practical roadmap for the insurance sector to act as risk advisors, capital providers, and enablers of tailored protection within blended finance structures that target climate-health resilience. The playbook engages a broad spectrum of stakeholders across the insurance ecosystem, including primary insurers, reinsurers, brokers, regulators, and state- owned entities. Among primary insurers, it speaks to life insurers that manage long-term liabilities through investment in low-risk assets; property and casualty insurers that cover short-term risks such as natural disasters and liability claims; and health insurers that focus on reimbursing or managing healthcare services with an emphasis on cost containment. It also addresses microinsurance providers that serve underserved populations in developing markets through low-cost, simplified products often delivered via mobile platforms. Additionally, the playbook considers the roles of reinsurers in absorbing systemic risk, insurance brokers in facilitating market access and transaction structuring, as well as insurance regulators and public agencies in promoting market stability, enabling innovation, and aligning the insurance sector with broader climate-health objectives.
The playbook further explores how donors, development finance institutions, and multilateral development banks can support insurance participation in blended finance by subsidizing product development, de-risking investment, and harmonizing policy frameworks. By strengthening the role of insurance within blended finance mechanisms, stakeholders can unlock new sources of capital, scale effective climate-health interventions, and build long-term resilience in the communities most exposed to climate risk.
