Global expertise. Local impact.

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.

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 programme helped establish a sustainable and inclusive catastrophe insurance market in Kazakhstan.

In partnership with the InsuResilience Solutions Fund (ISF), EUROPA Re supported North Macedonia in designing a national-scale agricultural insurance programme aimed at protecting farmers from climate risks.

Key contributions included:

• Design of legal and financial frameworks for a public-private insurance pool.
• Actuarial modelling 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 the Insurance Supervision Agency.
• Capacity building and knowledge sharing of best practices for the ministry, regulator and private insurers.
• Awareness-raising campaign for farmers.

The programme provides scalable, government-backed coverage to all registered farmers — setting a benchmark for agricultural risk financing in the region.

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 modelling to ensure accurate risk pricing and product viability.
• Collaboration with municipalities to deliver affordable, localized coverage to vulnerable rural communities.

Through a Tripartite Agreement with the Insurance Development Forum (IDF), UNDP and the InsuResilience Solutions Fund, IDF members EUROPA Re and Swiss Re are supporting the Government of Uzbekistan in an innovative agricultural insurance programme 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 for developing the legal and regulatory framework for agricultural insurance in the country.
• Capacity building for Ministry of Agriculture staff and specialized training for local insurers on product design, underwriting and loss adjustment.
• Awareness-raising on climate risks among the general public and farmers.
• Pilot implementation.

This project marks a major step in building long-term resilience and economic protection for Uzbekistan's horticultural sector.

In Honduras' hurricane-exposed Sula Valley, EUROPA Re is implementing a disaster-linked employee benefit insurance programme 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.

Supported by the InsuResilience Solutions Fund, EUROPA Re conducted the feasibility study in cooperation with the Insurance Supervision Agency of Montenegro, exploring a public-private insurance mechanism to strengthen the financial protection of households against natural disasters.

Project highlights:

• Assessment of catastrophe exposure, insurance-market readiness and the legal and institutional framework.
• Review of international disaster insurance models and their suitability for Montenegro.
• Proposal for simple first-loss coverage against earthquake, flood, landslide and wildfire.
• Recommended pilot targeting vulnerable households in Bijelo Polje, Berane and Andrijevica.
• Roadmap for product development, distribution through local insurers and future national expansion.

The study provides a practical foundation for developing and piloting an inclusive national disaster insurance scheme.