Course Cancellation Notice: Bridging Risk Analytics and Fiscal Protection: Short Course on Parametric Insurance for Flood Risk
Update information 3 June 2026:
The FINCAPES Project sincerely regrets to announce the cancellation of the short course, Bridging Risk Analytics and Fiscal Protection: Parametric Insurance for Flood Risk.
The event, originally scheduled for April, was previously postponed to June 2026. However, due to logistics and technical issues, it is no longer possible to deliver the program according to the planned standard and depth. Consequently, the decision has been made to cancel the training entirely.
The FINCAPES Project recognizes the high level of interest in this program and deeply apologizes for the inconvenience and disappointment this cancellation causes to all registered applicants and partner organizations.
Registration Status: All submitted applications are now void. No further action or formal withdrawal is required from applicants; all application records will be closed automatically.
Data Retention and Priority Access: The submitted registration data will be securely retained by the FINCAPES Project. This information will be utilized to provide registered applicants with priority registration status for upcoming learning opportunities and future training sessions.
The FINCAPES Project remains fully committed to supporting the development of Indonesia's Disaster Risk Financing Resilience efforts, and will continue toward establishing alternative learning opportunities and capacity-building initiatives in the future.
Further updates and future event timelines will be published on the official FINCAPES website and corporate communication channels as they become available.
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Indonesia has made significant progress in strengthening its capacity for flood risk analytics and modelling. Through advances in hazard modelling, exposure assessment, and actuarial analysis, policymakers and researchers are increasingly able to quantify the economic risks posed by flooding.
The next critical step is translating these risk insights into practical financial instruments that can protect public finances, support communities, and accelerate recovery after disasters.
To support this effort, the FINCAPES Project, led by the University of Waterloo and funded by Global Affairs Canada, is organizing a Short Course on Parametric Insurance for Flood Risk. The course aims to equip policymakers, financial authorities, actuaries, and insurance practitioners with the knowledge and analytical tools needed to design parametric insurance instruments grounded in real flood risk analytics.
Drawing on outputs from actuarial flood risk modelling, the course will explore how these risk metrics can be translated into effective risk transfer mechanisms. Participants will learn how parametric insurance structures can provide rapid liquidity following flood events, helping governments and institutions reduce fiscal shocks and improve disaster response.
Through a combination of lectures, case discussions, and applied exercises, participants will gain practical insights into the design of parametric insurance products tailored to the Indonesian context.
What You Will Learn
Participants will explore key concepts and tools required to design parametric insurance solutions, including:
- Foundations of parametric insurance and disaster risk financing
- Selecting parametric triggers based on measurable indicators such as rainfall intensity or river water levels
- Risk layering strategies to protect public finances against disaster shocks
- Understanding sectoral loss implications across housing, infrastructure, agriculture, and business
- Regulatory and institutional considerations for implementing parametric insurance in Indonesia
Who Should Attend
This short course is designed for professionals working at the intersection of disaster risk management, finance, and insurance, including:
- Ministry of Finance and fiscal authorities
- Financial regulators and policymakers
- Insurance and reinsurance practitioners
- Members of Persatuan Aktuaris Indonesia (PAI)
- Members of Asosiasi Asuransi Umum Indonesia (AAUI)
- Risk analysts and development partners
- Academics and researchers in disaster risk and climate finance
Lead Trainer
Professor David Landriault, Department of Statistics and Actuarial Science, University of Waterloo, Canada
Expected Outcomes
By the end of the course, participants will:
- Understand how flood risk modelling informs insurance pricing and product design
- Develop conceptual parametric trigger structures based on measurable risk indicators
- Identify institutional and regulatory considerations for implementing parametric insurance
- Contribute to strengthening Indonesia’s Disaster Risk Financing and Insurance (DRFI) framework
Registration Information
- Registration will be closed on 31 March 2026, 23:59 PM
- Participation in this short course is free of charge and subject to limited availability. The organizing committee reserves the right to review and select applicants based on the suitability of their professional profile, and may decline applications once the participant quota has been filled.