Resilience

Aon highlights critical steps needed to better prepare for climate change impacts

Aon has called for a series of steps to be taken to better prepare for hurricane, wildfire and flood risks amid a rising recognition of the impact climate change is having on these perils.

Laying the foundations for a more resilient world

This week’s discussions at COP26 have positioned finance – and within that insurance – as the key lever that can help facilitate the transition towards a decarbonised, climate-resilient world.

German Gov commits €18mn to back ARC climate cover

The German Government has committed €18mn ($21mn) to subsidize the cost of disaster risk insurance for qualifying African Risk Capacity (ARC) member states.

UN calls for insurance industry to “lead the way” in drive for resilience

Risk managers in the insurance industry must lead the way to build greater resilience, the UN secretary general for climate change, Selwin Hart, has told the COP26 meeting in Glasgow.

IDF to provide support to Start Ready financing facility

The Insurance Development Forum (IDF) has partnered with the Start Network coalition of humanitarian charities to launch a new service providing ex-ante funding for escalating climate-related risks.

Munich Re calls for national CROs to improve central risk oversight

Munich Re has called for structured risk management at national levels to help countries better respond to natural catastrophes, highlighting the potential for governmental chief risk officers to provide central risk oversight.

CISL: Massive upscaling of risk-sharing required to address climate emergency

A new study by the Cambridge Institute for Sustainable Leadership (CISL) has called for a significant expansion in the availability of public and private risk-sharing pools to address the climate emergency.

Development community looks towards premium financing amid shift to ex-ante support

With many government budgets still stretched in the aftermath of the Covid-19 pandemic, an increasing number of development actors are considering premium financing as a means of providing support to countries.

Insurance can help facilitate step change in adaptation

Ahead of the start of COP26 talks on Sunday, a document issued by the UK presidency highlighted the need for a step change in adaptation on the ground and support for those suffering loss and damage.

UNDP launches new facility to boost insurance solutions for developing countries

The United Nations Development Programme has launched a new facility which will provide funds for technical assistance to support the development of new insurance solutions for developing countries.