Central Bank of Barbados

To understand why insurance and, more broadly, disaster finance architecture matter so much, we need to understand what's at stake for climate-vulnerable nations with limited fiscal room to absorb shocks.

We spoke with Dr. Kevin Greenidge, Governor of the Central Bank of Barbados.

Shots are now becoming the norm.

Outside of the natural disaster shots, there's also shots in terms of the international environment, increasing oil and commodity prices, etc.