To enable Europa Re, a catastrophe and weather-risk re-insurance facility, to develop new weather risk insurance and reinsurance products, automate insurance underwriting, pricing and claims settlement processes for such products, and increase public awareness of weather risk in participating countries.
Project Details
GEF Project ID
4515
Country
Regional
Implementing Agencies
The World Bank
Approval FY
Status
Completed
Region
Regional
Executing Agencies
Europa RE
GEF Period
GEF - 5
Project Type
Full-size Project
Focal Areas
Funding Source
Special Climate Change Fund
Project Documents
Financials
USDCo-financing Total
21,500,000
GEF Project Grant
5,500,000
GEF Agency Fees
550,000
Timeline
Received by GEF
Concept Approved
Project Approved for Implementation
Project Closed