Feasibility Study on Climate Risk Insurance in Sierra Leone

Sierra Leone’s agriculture is constantly under threat from climatic fluctuations such as droughts, floods, and changing rainfall patterns – threats that are widely expected to increase as a result of climate change.

This study examines the growing impact of climate induced disaster on the agriculture sector in Sierra Leone and explores financial gaps that could feasibly be filled through climate risk insurance (CRI) solutions. By shedding light on the intricate interplay between demand and supply, this study aims to inform the 'Climate Risk Insurance' Programming under UNCDF's ‘Climate Agenda’ about the state of climate and risk insurance in Sierra Leone, with the ultimate goal of enhancing resilience and adaptation in the face of an increasingly uncertain climate future through targeted CRI instruments.