The Climate and Disaster Risk Financing and Insurance (CDRFI) sector in the country is currently in its nascent stages, prompting the Civil Society Network on Climate Change (CISONECC) to convene the Malawi Multi-Actor Partnership (Map) Consultation Meeting under the Insu-resilience Maps II project.
This meeting specifically addresses the adequacy and robustness of the legal, policy, and institutional frameworks for CDRFI in Malawi.
Designed as a collaborative platform, the meeting engages various stakeholders, including government ministries, departments, agencies, civil society, media, academia, and the private sector. The overarching objective is to harness their collective input for the comprehensive assessment of the adequacy and robustness of the national legal, policy, and institutional frameworks for CDRFI.
In his opening statements, Julius Ng’oma, the National Coordinator of CISONECC, expressed profound gratitude and conveyed the network’s optimism regarding heightened participation in the upcoming meeting. Ng’oma emphasized the strategic nature of the gathering, focusing on a meticulous examination of existing Climate and Disaster Risk Finance and Insurance (CDRFI) policies. The intention is to evaluate their adequacy in advancing the discourse on climate insurance to the next developmental stage.
Ng’oma’s remarks indicate a nuanced understanding of the significance of broad participation, portraying the meeting as a collaborative effort to address critical issues in climate resilience. The deliberate scrutiny of CDRFI policies underscores a commitment to thoroughly assessing the current frameworks governing climate and disaster risk finance and insurance. The implicit goal is to determine whether these policies possess the necessary depth and breadth to pave the way for advancements in the field of climate insurance.
The language used by Ng’oma conveys a sense of purpose and urgency, positioning the meeting as not just a routine gathering but a pivotal forum for the evaluation, refinement, and potential innovation of policies directly impacting climate resilience. The anticipation of increased participation reflects a keen desire for a diverse and robust exchange of ideas, indicating an openness to collaborative efforts in addressing the multifaceted challenges posed by climate change.
By raising the question of adequacy, Ng’oma encourages participants to critically assess the effectiveness of current policies, fostering exploration of potential enhancements or adjustments. This implies a forward-looking approach, with the ambition not only to identify existing strengths and weaknesses but also to lay the groundwork for the evolution of policies capable of navigating the dynamic landscape of climate and disaster risk management.
In essence, Ng’oma’s opening remarks set the stage for a dynamic and purposeful meeting, where stakeholders are not merely attendees but active contributors shaping the trajectory of climate and disaster risk finance and insurance policies. This collective engagement is envisioned to contribute to a more resilient and adaptive approach to the challenges presented by our changing climate.
It’s noteworthy that CISONECC’s efforts in this endeavor are supported by funding from the Government of Germany through CARE Germany and CARE Malawi, with the project’s implementation plan spanning from February 2023 to 2026. This financial backing underscores the significance and commitment of international partnerships in addressing climate-related challenges at the national level.