Alongside their agricultural financing, risk management and technology services, WRMS offers parametric and index-based climate and natural catastrophe insurance solutions.
WRMS will adopt climate risk management solutions tailored to the Latin American market, addressing transition and physical risks. The firm will leverage the latest climate modelling tools and domain expertise to develop solutions suited to the local context.
These solutions will be customised to meet regional regulatory standards and cultural expectations, including cyclone insurance in Haiti and crop insurance in Honduras.
By focusing on the global ESG goals, the firm hopes to drive the implementation of sustainable practices and productivity improvements across the value chain, which the firm says will help local communities reduce financial losses from catastrophic events through financial inclusion, and create jobs through public-private partnership programmes.
Importantly, WRMS will work closely with local insurers, government agencies, NGOs, and agricultural cooperatives to effectively implement its risk management and insurance solutions.
Anuj Kumbhat, Founder & Chief Executive Officer, WRMS, commented: “The expansion in Latin America will prove to be one of the most significant milestones for WRMS, showing our commitment to support global climate resilience in some of the most weather-vulnerable regions.
“We are committed to not only protecting businesses but also ensuring the sustainability of the local communities in these critical regions through our financial tools and customised solutions. This expansion reflects WRMS’s long-term commitment to the region, aiming to build a multi-sector presence in infrastructure, renewable energy, and urban planning.”
Kumbhat continued: “WRMS will establish strategic partnerships and continuously adapt its solutions to support the region’s economic growth and resilience. Aligned with the broader strategic goal of becoming a leader in climate risk management, this move solidifies WRMS’s role as a key partner in delivering tailored climate risk solutions that drive significant, lasting change across Latin America.”
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Publish date : 2024-09-13 03:00:00
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