Delivering significant policy and operational impact: Insurance Development Forum 2021 Annual Review

"Tokio Marine always aspires to be a Good Company and this is totally aligned with playing a leading role in the global effort to provide financial protection to underserved disaster-prone communities.

With its network of experts across governmental agencies and the private sector, the IDF has the potential to deliver practical solutions to these fragile areas. We are delighted to participate."

"It is the people in developing and emerging countries who suffer most from the catastrophic impacts of natural disasters on their livelihoods. We are happy to have joined the IDF in order to initiate public-private partnerships with governments, multilateral organizations and insurers so that we can foster insurance take-up in vulnerable countries. This adaptation to climate change will benefit society as a whole."

"UNDP Co-Chairs the Insurance Development Forum because we believe that insurance can be a powerful tool in changing the opportunities and lives of millions of people. More than 90% of the economic costs of disasters are currently uninsured in the developing world, meaning that when disaster strikes, millions of people lose their jobs and their homes with no compensation and no chance to rebuild their lives. Closing this “protection gap” would help ensure that hard won progress is truly sustainable in the long run."

"The dynamic is elegant and simple: without insurance, there’s no investment, there’s no innovation, and there’s no growth. It’s hard to find an industry more global or more beneficial to society."

"Aon is extremely proud to be associated with the Insurance Development Forum. The IDF’s important work of utilizing insurance and risk management capabilities to build greater resilience and protection for people, communities, businesses, and public institutions that are vulnerable to disasters and their associated economic shocks, aligns to Aon’s own aims and initiatives. This work is key to ensuring society at large has a risk-informed and sustainable future and that the insurance industry is working collaboratively to such an objective."

"The Insurance Development Forum is a unique and unprecedented public-private partnership driving critical collaboration between industry leaders and key international bodies on insurance and international development to achieve the UN development goals. I am honoured to lead this important institution in leveraging the insurance industry's extensive expertise for real impact."

"The Co-operators has supported the development of community based micro-insurance solutions in the developing world for decades. The IDF project has brought together a powerful partnership that has accelerated this work and will more rapidly close the protection gap for those most vulnerable to the impacts of climate change."