Emmanuel Balogun, associate director of Africa Practice, leads a discussion on how insurance plays a critical role in managing risks in emerging markets, particularly in the context of climate events and political instability. He is joined by Noam Unger, director of the Sustainable Development and Resilience Initiative, and Mattia Romani, a partner at Systemiq. The speakers highlight the growing importance of insurance in resilient economies, especially in developing nations hit by climate change. Innovations like parametric insurance, which offers pay-outs based on predetermined thresholds like extreme heat or flooding, were explored as solutions to plugging the insurance gap for farmers in developing countries.