Official COP31 portal of the Federal Republic of Somalia · Ministry of Environment and Climate Change
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Nov 18 2026
Panel Discussions

Protecting Communities for El Niño and Beyond: How Parametric Insurance and Other Innovative Financing Mechanisms Can Support Climate Resilience for Displaced Communities

November 18, 2026 · 11:00 am – 12:30 pm Somalia Pavilion · Stand B175

Somalia has millions of internally displaced people, many of whom were forced from their homes by drought and floods. They are often the first and hardest hit when El Niño and other climate shocks strike, but they are rarely reached by insurance or climate finance. This panel looks at how parametric insurance, which pays out quickly when a pre-agreed trigger such as rainfall or flood levels is reached, and other innovative financing tools can protect displaced communities before and after disasters. The Somali Disaster Management Agency (SoDMA) and Refugees International, in coordination with the Ministry of Environment and Climate Change, will share practical options, lessons and partnerships for making these mechanisms work for the people who need them most.

Organized by: Somali Disaster Management Agency (SoDMA) and Refugees International, in coordination with the Ministry of Environment and Climate Change (MoECC)
Date: 18 November 2026 · 11:00 – 12:30 (TRT)
Venue: Somalia Pavilion, Stand B175

Participating Delegates