Where Global Expertise Meets Local Resilience
Bringing our industry-leading expertise to emerging markets
True to our founding mission, we take great pride in sharing our technical expertise with insurers and reinsurers in developing markets. These services are an essential element of our commitment to positively impacting the markets where we operate.
Over more than 12 years of projects, Europa Re has developed in-depth expertise and a solid track record in project management for international development organizations and donors. We employ highly experienced financial, project management, procurement and regulatory compliance professionals to ensure the highest standards in project implementation.
Europa Re was created in 2009 to address the low levels of catastrophe and weather risk insurance penetration in Southeast Europe. The World Bank provided financial and technical support alongside the Global Environment Facility (GEF), the Swiss Secretariat for Economic Affairs (SECO), and the United Nations International Strategy for Disaster Reduction (UNISDR).
Selected Projects
Europa Re has successfully managed and implemented several major insurance pilot programs in such countries as Albania, North Macedonia, Serbia and Kazakhstan. The company is currently implementing another important disaster insurance market development project financed by the InsuResilience Initiative.
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Through the South-Eastern Europe Catastrophe Risk Insurance Facility (SEEC CRIF), launched by the World Bank, Europa Re played a leading role in expanding access to catastrophe and weather-risk insurance across Southeastern Europe. The initiative aimed to strengthen financial resilience among individuals, businesses, and governments by fostering the growth of local insurance markets.
Key outcomes included:
Development of localized, high-resolution catastrophe risk models to support tailored insurance products.
Introduction of affordable and reliable risk insurance for property, agriculture, and public institutions.
Creation of the region’s first web-based insurance platform for policy sales and fast claims settlement.
Provision of dedicated reinsurance capacity to back endorsed products and enable market scaling.
Training for local insurers and agents, increasing their capacity to deliver new products.
Public awareness campaigns using digital platforms and mass media, including the launch of CATMonitor.
This initiative laid the foundation for a culture of risk preparedness across Albania, North Macedonia, Serbia, and other Balkan countries.
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Europa Re introduced climate and catastrophe insurance solutions to Kazakhstan—marking a major expansion of risk protection efforts into Central Asia.
Project highlights:
Launch of affordable insurance products specifically designed for Kazakh farmers facing growing climate challenges.
Development of a digital platform to streamline policy issuance and claims processing.
Professional training for insurance agents and loss adjusters, ensuring effective product delivery and customer support.
Nationwide awareness-building efforts, including the deployment of the CATMonitor platform.
By strengthening the insurance infrastructure and supporting public-private cooperation, the program helped establish a sustainable and inclusive catastrophe insurance market in Kazakhstan.
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In partnership with the InsuResilience Solutions Fund (ISF), Europa Re supported North Macedonia in designing a national-scale agricultural insurance program aimed at protecting farmers from climate risks.
Key contributions included:
Design of legal and financial frameworks for a public-private insurance pool.
Implementation of actuarial modeling and product development for the entire agriculture sector (crops and livestock), ensuring accessibility and sustainability.
Strong institutional alignment through collaboration with the Ministry of Agriculture, Forestry and Water Economy and Insurance Supervision Agency.
· Capacity building and knowledge sharing of best practices for the ministry of agriculture, insurance regulator and private insurers to enhance the capacity for establishing and managing the insurance pool.
Awareness-raising campaign for the farmers. The program provides scalable, government-backed coverage to all registered farmers—setting a benchmark for agricultural risk financing in the region.
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In Serbia, Europa Re partnered with local insurers to implement a meso-level Area Yield Index Insurance (AYII) scheme, co-financed by the InsuResilience Solutions Fund. This helped advance Serbia’s efforts to safeguard agricultural livelihoods.
Project milestones included:
Creation of an index-based agriculture insurance product designed to protect farmers from yield loss due to adverse weather.
Actuarial and financial modeling to ensure accurate risk pricing and product viability.
Collaboration with municipalities to deliver affordable, localized coverage to vulnerable rural communities.
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Through a Tripartite Agreement the Insurance Development Forum (IDF), UNDP, and the InsuResilience Solutions Fund, the two IDF members Europa Re and Swiss RE are supporting the Government of Uzbekistan in an innovative agricultural insurance program for smallholder horticulture farmers.
Highlights include:
Introduction of indemnity-based crop insurance for fruit farmers across five high-production oblasts.
Engagement with local insurers to distribute products backed by international reinsurance.
Support the development of the legal and regulatory framework for agricultural insurance in the country.
Build capacity in agricultural insurance for Ministry of Agriculture staff and provide specialized training on product design, underwriting, and loss adjustment to local insurers.
Raise awareness of climate risks among the general public and the target group – farmers.
Pilot implementation
This project marks a major step in building long-term resilience and economic protection for Uzbekistan’s horticultural sector.
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In Honduras’ hurricane-exposed Sula Valley, Europa Re is implementing a disaster-linked employee benefit insurance program with funding from the InsuResilience Solutions Fund.
Core features include:
Financial relief for textile and manufacturing workers during factory closures caused by hurricanes and consequent flooding.
Focus on vulnerable populations, especially women, employed in low-wage sectors.
Integration of disaster insurance into employment continuity, offering social protection during climate-related disruptions.
Training and awareness activities to build financial literacy and preparedness among affected communities.
This project is a pioneering model for disaster-responsive social protection in developing economies.
