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Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

CGD’s Panel at the #HLM2 in Nairobi: Can Insurance Fix Emergency and Humanitarian Aid?

Can insurance really make emergency aid better, faster, and fairer? That was the question we posed to the impressive panel that we convened last week in Nairobi at the second high level meetings of the Global Partnership for Effective Development Cooperation. The panel brought together two critical skills to improving emergency aid: development expertise and risk management nous, and we left with four strong takeaways.

Dude, Where’s My Cat Bond?

 “Cat” bonds are effectively a cheaper source of large-scale insurance coverage against clearly measured risks like earthquakes, storms, or even disease outbreaks. Generally, though, coverage hasn’t trickled down to the poorer and most at-risk countries—precisely those which are most vulnerable when aid fails to arrive or arrives piecemeal. Scaling up this market for lower-income countries would provide better shielding against many risks that undermine development overseas.

Let’s Not Help the Philippines Like We Helped Haiti

The immediate aftermath of a natural disaster, such as that the typhoon which devastated part of the Phillipines on Friday, can bring out the best of the global community. There will come a time to discuss how we can do more to prevent the environmental changes which make such events more likely; but the immediate priority is to get water, food and shelter to people who urgently need it.