Abdou Alassane, Technical Lead at Start Network, highlighted in an interview that by pooling funds and transferring risk to the insurance market, the organization can enhance its humanitarian efforts. He emphasized the importance of utilizing parametric insurance, which activates based on specific triggers, allowing for rapid financial assistance in the face of climate-related disasters. Alassane stated that this proactive approach is crucial for effectively protecting at-risk populations, as it enables timely financing before crises occur. He also noted the challenges faced in disaster risk financing, including the need for accurate local data for successful modeling and assessments.
