Red Cross launches First Parametric Flood Insurance in Malawi
For the first time, the Red Cross is piloting a parametric insurance product designed to provide rapid access to funds in the event of a severe flood. This pioneering project demonstrates how disaster risk financing can work in practice, both within the Red Cross and in Malawi.
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The 2025 Driving Innovative Finance for Impact (DIFI) Program at IMD Business School offers practical, hands-on learning with a strong focus on case studies and unique insights from guest speakers. You don’t need a project to apply — but if you have one, you’re welcome to submit it. Apply now via the link below. Deadline: 29 August.
Webinar: Humanitarian Insurance, Leveraging Risk Sharing To Unlock Additional Resources
As traditional funding becomes increasingly unpredictable, National Societies need new ways to stay financially sustainable. Humanitarian innovative finance (HIF) offers fresh solutions to diversify funding, boost sustainability, and create lasting impact.
Pioneering Flood Insurance in Malawi: Building Resilience Before the Storm
Malawi is no stranger to climate extremes. Every year, tropical depressions sweep in from the Indian Ocean, bringing destructive floods to southern districts like Phalombe, Chikwawa, and Nsanje. Meanwhile, intense rainfall from the Inter-Tropical Convergence Zone wreaks havoc further north.
Engaging National Societies in Innovative Finance
How should National Societies in the Red Cross and Red Crescent Movement relate to humanitarian innovative finance? In 2023, the Swedish Red Cross and HIFHUB joined forces to publish a report focused on just that. It’s a timely and practical resource as momentum builds across the Movement.
The IFRC-DREF Insurance: Making the Case for Risk Transfer
Since 1979, IFRC-DREF has released funding rapidly and efficiently to local Red Cross and Red Crescent Societies before and after disasters strike. But as the frequency and intensity of disasters increase, in large part due to climate change, more and more people need humanitarian assistance to cope.
That’s why the IFRC-DREF Insurance was developed, in partnership with Aon and the Centre for Disaster Protection.