Page - 496 - in Loss and Damage from Climate Change - Concepts, Methods and Policy Options

496 J.Linnerooth-Bayeret al. Box21.1R4RuralResilience Initiative fordrought riskmanagement Countries:Ethiopia,Senegal,Malawi,Zambia Partners: farmers, localreliefsociety, insurers, reinsurers, ruralbanks,university,gov- ernmentanddonors Policyholders: 40,000Smallholder farmers’ livelihoods in drought-prone regions with a sum insured of USD 2.2 million, premiums of USD 370,000, andpayoutsUSD450,000 (2015) Fig.21.3 TheR4RuralResilience Initiative Integratedriskmanagement framework – Improved resourcemanagement (risk reduction) – Individual/groupsavings (risk reserves) – Microinsurance (risk transfer) – Microcredit (risk taking) Insurance-for-work program to supplement the government’s “food and cash for work”ProductiveSafetyNetProgramme(PSNP) Workprogram includesprojectsforreducingriskandbuildingclimateresilience,such as improved irrigationor soilmanagement. SourceWorldFoodProgram&OxfamAmerica2016;WorldFoodProgramme2017 21.4.2 TheExperienceofRegionalRiskPools inPromoting RiskReduction The first of three regional sovereign risk pools, the Caribbean Catastrophe Risk InsuranceFacility(CCRIF),wascreatedin2007asamulti-governmentdisaster risk pooling arrangement with the aim of providing sovereign insurance coverage for