1) A flood insurance model was developed for Georgia based on detailed flood hazard and risk modelling within an integrated flood risk management framework. 2) The model included flood mapping, calculating risk scores and potential damage/losses, and developing an index-based insurance scheme with risk-based premiums and payout principles. 3) While the insurance scheme was not piloted during the initial project due to various challenges, efforts are ongoing to address flooding and other natural hazards through policy interventions like risk financing and early warning systems.