Speakers call for disaster risk financing solution for climate change victims

Speakers at a workshop yesterday (30 December) called for establishing a disaster risk financing solution for communities that face severe damages every year due to climate hazards.

To save those climate change victims, climate risk insurance can play a vital role and it should be well available to the marginal people including farmers, they said.

Speakers made the remarks in the workshop titled "Climate risk insurance to protect the coastal communities" held at a hotel in the capital, organised by Swiss Insur-tech company PULA Advisors.

In collaboration with the Department of Disaster Management under the Ministry of Disaster Management, PULA Advisors has designed an innovative climate risk insurance plan. On that note, a pilot project is going to be undertaken with a three-year graduation strategy.

While presenting the main report at the workshop, Shakir Bayezid, country commercial chief of PULA Advisors, mentioned that PULA, a Switzerland based Agricultural insurance technology company, provides innovative agricultural insurance and disaster risk financing solutions to the climate vulnerable people in collaboration with governments of different countries across the globe.

Speaking as the chief guest, Razwanur Rahman, director general of Department of Disaster Management, said people of Bangladesh have trust issues on any kind of insurance and that's where we need to work on to build the trust.

Other speakers at the workshop included Nahid Sultana Mallick, director of Department of Disaster Management; Professor Zillur Rahman, chairman of Department of Disaster Science and Climate Resilience, University of Dhaka; Naba Nashit Tarique, deputy head of BMMDP, Swiss Contact; and SM Ibrahim Hossain, chief faculty member of Bangladesh Insurance Academy.