General
| Name of initiative
|
The 1-in-100 Initiative
|
| LPAA initiative
|
No
|
| NAZCA Initiative
|
Yes
|
| Website address
|
https://unfccc.int/files/adaptation/cancun_adaptation_framework/adaptation_committee/application/pdf/1-in-100_initiative.pdf
|
| Related initiatives
|
|
| Starting year
|
2014
|
| End year
|
|
| Secretariat
|
Rowan Douglas, CEO of the Capital, Science and Policy (CSP) Practice at Willis, and author of the concept paper which led to the 1-in-100 Initiative, has been a key orchestrator of the developments leading up to the announcements made at the Climate Summit – douglasrm@willis.com
|
| Organisational structure
|
|
| Geographical coverage
|
Global
|
| Name of lead organisation
|
Willis Towers Watson
|
| Type of lead organisation
|
Business
|
| Location/Nationality of lead organisation
|
United Kingdom
|
Description
| Description
|
a drive by an alliance of public and private sector organizations to integrate natural disaster and climate risk into financial regulation globally. At the core of the initiative is the 1 in 100 year solvency “stress test”, a similar concept to that developed in recent years by the insurance sector to assess its own ability to manage risk. The test evaluates the maximum probable annual financial loss that an organization, city, or region, could expect once in a hundred years, in order to enable them to manage their risk in a more informed and effective way. - See more at: http://blog.willis.com/2014/11/un-climate-summit-1-in-100-initiative/#sthash.dh8yJc0x.dpuf
|
| Objectives
|
Integrating Risks into the Financial System
|
| Activities
|
|
| One or two success stories achieved
|
|
Monitoring and Impacts
| Function of initiative
|
Technical dialogue, Political dialogue
|
| Activity of initiative
|
Norms and standard setting, Knowledge dissemination and exchange, Knowledge production and innovation
|
| Indicators
|
|
| Goals
|
|
| 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
|
8
|
|
| Companies
|
1
|
International Insurance Society - IIS (USA).
|
| Business organisations
|
0
|
|
| Research and educational organisations
|
0
|
|
| Non-governmental organisations
|
7
|
Future Earth - International Council for Science (France), International Cooperative & Mutual Insurance Federation -ICMIF (United Kingdom), PricewaterhouseCoopers - PwC (USA), Prince's Accounting for Sustainability Project (United Kingdom), Standard & Poor’s Ratings Services (USA), United Nations Office for Disaster Risk Reduction (USA), Willis Group (United Kingdom).
|
| National states
|
0
|
|
| Governmental actors
|
0
|
|
| Regional / state / county actors
|
0
|
|
| City / municipal actors
|
0
|
|
| Intergovernmental organisations
|
0
|
|
| Financial Institutions
|
0
|
|
| Faith based organisations
|
0
|
|
| Other members
|
0
|
|
| Supporting partners
|
0
|
|
| Number of members in the years
|
|
| 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
|
Yes
|
No
|
No
|
No
|
Last update: 11 October 2019 11:10:24
Not only have national states as participators
