Dhaka, Dec. 23 -- Bangladesh faces significant challenges in introducing climate risk insurance despite being one of the world's most climate-vulnerable countries, speakers said at a workshop in the capital on Monday.

Chairman of the Insurance Development and Regulatory Authority (IDRA) Dr M Aslam Alam said the sustainable implementation of climate risk insurance required urgent legal reforms, reliable data-driven modelling, and a structured subsidy framework.

He made the remarks while speaking as the chief guest at the workshop titled "Enhancing Media Capacity on Climate Risk Insurance".

The event was jointly organised by the Economic Reporters Forum (ERF), Oxfam Bangladesh, and the World Food Programme (WFP) at the ERF Auditorium.

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