SEWA’s journey towards climate resilience: Building climate resilience for informal women workers with parametric insurance and the Climate Welfare Facility, 2023–2025

This paper explains SEWA’s multi-year efforts to improve the climate resilience of its members through an iterative process of design, implementation and learning. Through this process, SEWA has strived to balance technical soundness, member affordability and value, and financial sustainability. The paper showcases SEWA's approach to combine risk transfer, savings, emergency finance and long-term adaptation investments to build member-centred climate resilience solutions. It offers lessons for insurance practitioners, financial institutions and donors that wish to combat the growing effects of climate change.