Dhaka, Dec. 23 -- Climate risk insurance (CRI) is becoming increasingly vital for Bangladesh, one of the world's most climate-vulnerable countries, but structural, technical, and policy challenges have hindered its widespread adoption, officials said at a workshop on Monday.
Speaking at the workshop on Enhancing Media Capacity on Climate Risk Insurance, held at the Economic Reporters' Forum (ERF) auditorium, Insurance Development and Regulatory Authority (IDRA) Chairman Dr M Aslam Alam highlighted the immediate impacts of climate change.
"It is no longer a future threat. It is already affecting our lives, food security, and health," he said, citing rising temperatures, shrinking winters, and intensifying floods and cyclones.
Dr Alam note...