Integrated risk management and agricultural insurance in Central America and the Dominican Republic: current situation and potential lines of action

The document highlights the high exposure of economic activities and rural communities in Central America and the Dominican Republic to climate hazards, underscoring the urgency of reducing vulnerabilities and protecting economic structures. It proposes a comprehensive risk management strategy that includes agricultural insurance as a key measure. It focuses on strengthening risk management for the successful development of the agricultural insurance market, outlining specific areas such as institutional, legal, financial, risk management and insurance business development. The report, prepared with the Technical Group on Climate Change and Integrated Risk Management and the Executive Secretariat of the Central American Agricultural Council, suggests lines of action for public policies in the short and medium term, based on the evaluation of the current agricultural insurance market in the region and lessons learned from previous projects.