et al., 2020). To overcome some of the barriers to insurance uptake, index-based insurance has been offered for agriculture and livestock in many developing economies, with varying levels of success . In recent years, regional disaster insurance pools for sovereign states have been established, such as the Caribbean Catastrophe Risk Insurance Facility  . Insurance can encourage the quantitative evaluation of climate-related risks and adaptation limits, and it can incentivise risk reduction by charging lower premiums for less risky situations .
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report