This webinar is a discussion between experts in banking and bancassurance, covering climate risks and its repercussions on the business operations and overall strategies of banks or micro finance institutions. The conversation explores the possible challenges and solutions faced by these institutions in securing their climate resilience and that of their micro, small, and medium sized enterprises (MSME) clientele.

Secondly, the webinar features a presentation by a prominent climate risk modelling expert, covering what it means to conduct climate risks assessments and how to quantify climate risk exposure of an institutions’ portfolio with a specific focus on parametric portfolio coverage.

The webinar concludes with an introduction to the V20 SIF’s new “100 Banks Strategy”.

The “100 Banks Strategy” addresses the problem of the insurance gap for MSMEs in V20 Nations by enabling banks to act as demand aggregators for insurance policies for small businesses within their investment portfolios. The strategy is designed to qualify working solutions to the insurance gap for MSMEs in climate-vulnerable economies by assessing the climate risk of an entire investment portfolio. This approach of combining climate risk presents previously unavailable opportunities for insurance cover by overcoming the problem of scale in grouping these smaller-value insurance premiums, making them more viable for insurers to underwrite. This system facilitates easier access to insurance for these businesses while supporting banks in managing their growing climate-related financial risks.