Financial Mechanisms
Seychelles Coral Reef Parametric Insurance
Mitigating the socio-economic impacts of marine heat stress, particularly severe coral bleaching.
Overfishing and Destructive Fishing
Designed to provide financial protection against marine heat stress events, this parametric insurance solution supports coral reef resilience and economic stability in Seychelles. The insurance triggers payouts based on predefined ocean temperature thresholds, allowing for quick response actions to aid coral reef recovery without the need for extensive damage assessments. Managed by SeyCCAT, the funds help local stakeholders implement emergency conservation measures, creating a sustainable financing mechanism for reef restoration in the face of climate change impacts.
Region Africa and the Middle East
Country Seychelles
GFCR Programme Ocean’s Resolve
GFCR Convening Agent Seychelles Conservation and Climate Adaptation Trust (SeyCCAT)
Priority Coral Reef Sites National Level
Sector Financial Mechanisms
Stage Concept/Design
Scale to Investment Yes
Key Contact Diana Renaud
