InsuResilience Global Partnership

General

Name of initiative InsuResilience Global Partnership
LPAA initiative Yes
NAZCA Initiative Yes
Website address http://www.insuresilience.org/
Related initiatives
Starting year 2015
End year
Secretariat InsuResilience Secretariat, c/o Deutsche Gesellschaft für internationale Zusammenarbeit (GIZ) GmbH, Friedrich-Ebert-Allee 40, 53113 Bonn, Germany, InsuResilience@giz.de
Organisational structure The InsuResilience initiative was adopted at the G7 Summit in Elmau/Germany in June 2015 and is being implemented in close partnership between the G7 states, developing countries and emerging economies.
Geographical coverage Global
Name of lead organisation GIZ-InsuResilience Secretariat
Type of lead organisation Other intergovernmental organization
Location/Nationality of lead organisation Germany

Description

Description The G7 Initiative on Climate Risk Insurance aims to increase access to direct or indirect insurance coverage against the impacts of climate change for up to 400 million of the most vulnerable people in developing countries by 2020.
Objectives The role of the Partnership is to promote and enable the adoption of disaster risk financing and insurance approachesas part of comprehensive disaster risk management strategies and integrated within preparedness, response and recovery plans that are anchored in country systems. It will do this through:

(1) Developing a global multi-stakeholder community that can generate and promote best practice in the use of climate and disaster risk finance and insurance (CDRFI). (2) Facilitating efficient and coordinated global action to promote climate and disaster risk finance and insurance solutions. (3) Empowering governments, businesses and households to become proactive risk managers through building capability and increasing access to knowledge and expertise, services, products and risk financing linked to disaster prevention, preparedness and response. (4) Building a network across sustainable development, social protection, disaster risk reduction, climate services and climate change adaptation communities to ensure risk financing is embedded within a comprehensive disaster risk management approach –both with respect to international fora as well as to in-country systems. (5) Taking a pro-poor approach, based on an agreed set of principles, that puts peoples’ needs at the centre of risk financing.

Activities
One or two success stories achieved

Monitoring and Impacts

Function of initiative Technical dialogue, Funding, Political dialogue
Activity of initiative Knowledge dissemination and exchange, Knowledge production and innovation, Fundraising, Awareness raising and outreach
Indicators
Goals The overall objective of the initiative is to stimulate the creation of effective climate risk insurance markets and the smart use of insurance-related schemes for people and risk-prone assets in developing countries.
Comments on indicators and goals
How will goals be achieved
Have you changed or strenghtened your goals
Progress towards the goals
How are you tracking progress of your initiative
Available reporting

Participants

Participants Number Names
Members 63  
Companies 21 Allianz (Germany),Aon (Germany),AXA (France),CERES Agriculture Risk Management (USA),Blue Marble (USA),DEVK (Germany),GLOBAL PARAMETRICS (United Kingdom),Finans Norge (Norway),MiCRO - microinsurance Catastrophe Risk Organisation (Barbados),Munich Re (Germany),Nat Re (Philippines),Oasis LMF (United Kingdom),OKO (United Kingdom),Renaissance Re (USA),Risk Management Solutions Inc. (USA),Santam (South Africa),SCOR SE (France),SIP Social Impact Partners (Germany),Swiss Re (Switzerland),Willis Towers Watson (USA),XL Catlin (Sweden).
Business organisations 0
Research and educational organisations 6 Alliance to Feed the Earth in Disasters - ALLFED (USA),  CGIAR Research Program on Climate Change - Agriculture and Food Security (Netherlands),  The International Center for Tropical Agriculture - CIAT (Colombia),  International Research Institute for Climate and Society - Columbia University (USA),  Munich Climate Insurance Initiative (Germany),  World Resources Institute- WRI (USA).
Non-governmental organisations 9 CARE (Germany),  Germanwatch (Germany),  Mercy Corps (United Kingdom),  Red Cross Red Crescent Climate Centre (Netherlands),  RESULTS UK (United Kingdom),  SLYCAN Trust (Sri Lanka),  START Network (United Kingdom),  The Nature Conservancy (USA)

Womens World Banking (USA).

National states 13 Canada,  Ethiopia,  EU,  Fiji,  France,  Japan,  Gambia,  Germany,  Madagascar,  Marshall Islands,  Switzerland,  Netherlands,  United Kingdom.
Governmental actors 0
Regional / state / county actors 0
City / municipal actors 0
Intergovernmental organisations 14 African Development Bank (Ivory Coast),  Asian Development Bank (Philippines),  Global Environment Facility - GEF (USA),  Green Climate Fund (South Korea),  Inter-American Development Bank (USA),  International Cooperative and Mutual Insurance Federation - ICMIF (United Kingdom),  International Development Finance Club (France),  International Labour Organization -Impact Insurance Facility (Switzerland),  Microinsurance Network (Luxembourg),  OECD (France),  The World Bank Group (USA),  United Nations Development Programme - UNDP (USA),  UNFCCC (Germany),  WFP (Italy).
Financial Institutions 0
Other members 0
Supporting partners 4 African Risk Capacity (Ethiopia),  Caribbean Catastrophe Risk Insurance Facility SPC (Cayman Islands),  Deutsche Gesellschaft für Internationale Zusammenarbeit (Germany),  Global Facility for Disaster Reduction and Recovery - GFDRR (USA).
Number of members in the years
2015
7
2017
44
2019
61
Have only national states as participators No


Theme

Transport Agriculture Forestry Business Financial institutions Buildings Industry Waste Cities and subnational governments Short Term Pollutants International maritime transport Energy Supply Fluorinated gases Energy efficiency Renewable energy Supply chain emission reductions Adaptation Other Resilience Innovation Energy Access and Efficiency Private Finance
No No No No Yes No No No No No No No No No No No No No No No No Yes
Last update: 3 July 2020 08:17:08

Not only have national states as participators