Without donor intervention, the costs of disaster insurance for poor communities bearing the brunt of climate change is prohibitive, and in general insurance coverage among the poor in developing countries is very low compared to OECD countries. Donor-supported initiatives that create new disaster insurance regimes for poorer countries, like any other kind of fund or fiduciary transfer, are accompanied by certain corruption risks. This Helpdesk Answer considers some of the central risks and discusses potential countermeasures. In identifying corruption risks in climate risk insurance, this Helpdesk Answer adopts a value chain analysis, which conceives of a sector in terms of the processes required to produce and deliver public goods and services. This response defines corruption as “the abuse of entrusted power for private gain” (Transparency International 2018).