The fast recovery and protection from loss and damages that access to climate risk insurance can provide helps countries and households to better manage the impacts of the climate crisis, which is why WFP is advancing financial protection as one avenue for building resilience to extreme weather events.
Given that women are disproportionately affected by the climate crisis and tend to be more food insecure than men in every region of the world, it becomes even more essential to ensure their economic empowerment to enhance their resilience. In essence, food security and nutrition improve when women and girls are empowered with equal access to information, resources, services, decision making, education and economic opportunities.
WFP can greatly contribute to the economic empowerment of women and households more broadly, when it integrates insurance into a comprehensive risk management approach. This is demonstrated by the beneficiary stories and expert viewpoints which exhibit the pivotal role of insurance in augmenting financial protection for the most vulnerable while fortifying their resilience against climatic shocks.
