Climate Risk Insurance for Resilience: A Systematic Review

This study developed and conducted a systematic mixed-methods grey literature methodology to characterise and identify climate risk insurance initiative in building resilience in developing countries. The study found that climate risk insurance can help developing countries build resilience against extreme weather events. However, there are barriers to the initiative. This is because of the issue of lack of climate data instruments. The collaboration between the public and private sectors is one way to overcome the challenges of implementing climate risk insurance. This systematic review methodology presents crucial insights on the state-of-the-art knowledge on climate risk insurance and resilience in developing countries.