Dhaka, Dec. 22 -- Climate risk insurance is becoming increasingly crucial for Bangladesh, one of the world's most climate-vulnerable countries, but structural, technical, and policy challenges have so far hindered its large-scale implementation, said Insurance Development and Regulatory Authority (IDRA) Chairman Dr M Aslam Alam on Monday.

"Climate change is no longer a future threat. It is already affecting our lives, food security, and health," Dr Alam said while speaking at a workshop on Enhancing Media Capacity on Climate Risk Insurance, held at the Economic Reporters' Forum (ERF) auditorium.

The workshop was jointly organised by ERF and Oxfam.

He said rising temperatures, shrinking winters, and intensifying floods and cyclones are ...