AIDMI’s Risk Transfer and Shree Afat Vimo (Disaster Insurance) initiative helps vulnerable communities manage and reduce financial risk from disasters and climate change. Through innovative insurance models, parametric solutions, and public-private partnerships, the programme enables faster access to funds in the aftermath of adverse events. By supporting Shree Afat Vimo (disaster insurance), microinsurance, facilitating risk-sharing mechanisms, and integrating insurance into larger resilience strategies, AIDMI seeks to buffer the economic shocks of disasters, especially for those with limited resources. Our goal is to make risk transfer tools accessible, transparent, and locally relevant—so that communities can better prepare for, respond to, and recover from climate extremes.

A. Southasiadisasters.net

1. Nature-Based Cooling Solutions for Cities, Issue No. 224, September 2025. https://aidmi.org/nature-based-cooling-solutions-for-cities/
2. Parametric Insurance Solutions for All, Issue No. 218, March 2025. https://aidmi.org/parametric-insurance-solutions-for-all/
3. Disaster Microinsurance: An Innovation for Transformation, Issue No. 133, July 2015. https://aidmi.org/disaster-microinsurance-an-innovation-for-transformation/

B. Co-creating Knowledge

1. Small Business Disaster Micro–Insurance Programme. (2016) (Experience Learning Series 70). All India Disaster Mitigation Institute (AIDMI). https://aidmi.org/small-business-disaster-micro-insurance-programme/https://www.aidmi.org
2. Humanitarian Practice Network. (2015). Innovating and testing small business disaster microinsurance for urban resilience. Humanitarian Exchange, (65). https://odihpn.org/en/publication/innovating-and-testing-small-business-disaster-microinsurance-for-urban-resilience
3. GAR Input Paper on Risk Transfer through Microinsurance. (April 2014). https://aidmi.org/gar-input-paper-on-risk-transfer-through-microinsurance/
4. Learning from Cyclone Phailin: Disaster risk insurance and community resilience. CDKN. Climate and Development Knowledge Network. (2013). https://cdkn.org/sites/default/files/files/briefing-note1.pdf
5. Mechler, R., Singh, R., & Wajih, S. (2011). Impact assessment of disaster microinsurance for pro-poor risk management: Evidence from South Asia (XO-11-059). International Institute for Applied Systems Analysis (IIASA). https://pure.iiasa.ac.at/id/eprint/9750/1/XO-11-059.pdf
6. Microinsurance: An Innovative Tool for Risk and Disaster Management, June 2010. https://aidmi.org/microinsurance-an-innovative-tool-for-risk-and-disaster-management/
7. United Nations Development Programme. (2009). Microinsurance for disaster risk reduction. UNDP. https://files.acquia.undp.org/public/migration/asia_pacific_rbap/RBAP-CPR-SS-2009-Microinsurance-for-DRR.pdf
8. Microinsurance and disaster risk: Lessons from India. Ash Center, Harvard Kennedy School. (2007). https://ash.harvard.edu/wp-content/uploads/2024/02/139781.pdf
9. Mechler, R., Linnerooth-Bayer, J., & Peppiatt, D. (2006). Disaster insurance for the poor? A review of microinsurance for natural disaster risks in developing countries (ProVention/IIASA Study). https://www.preventionweb.net/files/2059_VL108400.pdf?startDownload=true

C. Action Brief

1. AIDMI’s Risk Transfer and Shree Afat Vimo (Disaster Insurance), April 2025. https://aidmi.org/wp-content/uploads/2025/10/Risk-transfer-and-insurance.pdf
2. AIDMI’s Risk and Resilience Programme, April 2025. https://aidmi.org/aidmis-risk-and-resilience-programme/
3. Making School Safer – AIDMI Initiatives, May 2024. https://aidmi.org/making-school-safer-aidmi-initiatives/

The above resources are essential for policymakers, researchers, and practitioners committed to building inclusive, scalable, and equitable humanitarian system-wide solutions to one of the most urgent climate challenges of our time: extreme heat. Expanding access to innovative risk transfer mechanisms, such as microinsurance and disaster insurance schemes like Shree Afat Vimo, can play a vital role in protecting vulnerable communities and small businesses from climate shocks.

We welcome your ideas on how this agenda—linking extreme heat resilience with accessible insurance solutions—can be advanced across South Asia. How might we work together to bring these solutions to more individuals and institutions? Please feel free to reach out to Vishal Pathak at knowingrisk@aidmi.org. Thank you.