Knowledge Hub

The University of Cambridge Institute for Sustainability Leadership (CISL) has launched a Loss and Damage action plan to scale up protection for the Global South.

The Insurance Development Forum Sovereign and Humanitarian Solutions (SHS) Working Group has a mission to reduce the protection gap in vulnerable and climate-exposed regions by implementing new risk financing instruments. Co-Chairs Ivo Menzinger, Managing Director, Public Sector Business, Swiss Re; Claudia Thyme, Director, Strategic Market Development, AXA XL; Sophie Evans, Associate Director – Advisory, Centre for Disaster Protection (the Centre); and Tuga Alaskary, Technical Specialist Risk Financing, Insurance and Risk Finance Facility, UNDP, summarise the key implementation highlights so far from the Tripartite Programme.

Inclusive Insurance Working Group Co-Chairs Astrid Zwick, Co-Director, Global Shield against Climate Risks Secretariat; Garance Wattez Richard, CEO, AXA Emerging Customers; Katharine Pulvermacher, Executive Director, Microinsurance Network (MiN); and Pedro Pinheiro, Project Manager, MiN, shine the spotlight on the latest inclusive insurance workshops and the impact they are having so far.

In Senegal, less than 10% of the population is insured against risks, and around 97% of businesses are in the informal sector.

Focused on making impactful strides towards enhancing financial inclusion and driving economic resilience, the Insurance Development Forum’s (IDF) Inclusive Insurance Working Group (IIWG) is spearheading a transformative initiative in Kenya in partnership with international organisations, local regulators, and insurance businesses.

The release of the 2023 United Nations (UN) Global Stocktake Report represents a crucial moment to evaluate our collective efforts to combat climate change, evaluate our progress since the Paris Agreement, and chart a sustainable course forward.

Following the conclusion of the two-year Medellín Tripartite Project in Colombia, the risk industry team involved reflects on the project’s outcome, the challenges they overcame, and how the knowledge they gained on the way can help future resilience programmes

This report is part of the ongoing partnership between the World Bank, through its Disaster Risk Financing and Insurance Program (DRFIP), and the Insurance Development Forum to deliver joint analytical and technical products to inform the design of financial (market-based) instruments and policy reforms for increased financial resilience and protection for people, communities, businesses, and public institutions vulnerable to climate shocks and disasters.

A new report by GRMA demonstrates the positive impact of investing in risk reduction using effective adaptation measures, and how public private partnerships can empower climate-vulnerable countries to combine global best practices with local expertise to develop the best climate and disaster risk financing and insurance solutions.