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 2017
End year
Secretariat InsuResilience Secretariat, c/o Deutsche Gesellschaft für internationale Zusammenarbeit (GIZ) GmbH, Friedrich-Ebert-Allee 40, 53113 Bonn, Germany, InsuResilience@giz.de

Dr. Maria Flachsbarth, Parliamentary State Secretary to the Federal Minister for Economic Cooperation and Development, G20 Co-Chair of the Partnership’s High-Level Consultative Group (Germany), Alfred Alfred Junior, Minister of Finance, V20 Co-Chair of the Partnership’s High-Level Consultative Group (Republic of the Marshall Islands)

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 To secure financial and fiscal resilience, the InsuResilience Global Partnership supports a substantial scale-up in the use of risk finance and insurance solutions. Its aim is to support vulnerable countries to prepare against the impacts of climate shocks and disasters. Together with partners of the G20 and V20, the German government supported the launch of the InsuResilience Global Partnership in 2017

at the COP23 in Bonn. The Partnership connects almost 90 members, including G20 and V20 countries, the private sector, international organisations, civil society and academia. The goal of the InsuResilience Global Partnership is laid out in its Vision 2025, announced at the UN Secretary General´s Climate Action Summit in September 2019. As a global platform, the Partnership plays a central role within the international resilience community to ensure coherence of implementation efforts on climate and disaster risk finance across a diverse range of partners. 28 programmes in 78 countries that work towards the goals of the InsuResilience Global Partnership are currently being established or are already active. The focus of the activities is to achieve early action and faster recovery through reliable funding of stand-by risk finance and insurance solutions. Additionally, the broader benefits of risk financing within adaptation strategies and planning are promoted.

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 vision of the InsuResilience Global Partnership is to strengthen the resilience of developing countries and to protect the lives and livelihoods of poor and vulnerable people from the impacts of disasters. The Partnership aims to enable a substantial scale-up in the use of climate and disaster risk finance and insurance solutions and approaches by developing countries, ultimately contributing to strengthening resilience by enabling faster, more reliable and cost-effective responses to disasters. Working in a complex environment, the Partnership aspires to achieve challenging results to mobilize efforts across a diverse range of partners.

Until 2025: 500 million poor and vulnerable people covered against climate and disaster shocks by pre-arranged risk finance and insurance mechanisms, including the InsuResilience G7 goal.

US$ 5 billion of risk capital offered by the insurance industry to provide the necessary risk capacity for the targets under result areas i) – iii) (on the basis of IDF private sector commitment)

(base year: 2015).

Comments on indicators and goals
How will goals be achieved As an interactive, inclusive global multi-stakeholder community, the Partnership

1) links needs with solutions; 2) coordinates implementation efforts 3) shares learning and best practices 4) integrates and aligns risk financing with broader climate and resilience policy agendas 5) seeks to amplify the impact of ongoing initiatives; and 6) supports the development of new climate and disaster risk finance and insurance solutions to help meet growing needs in developing countries.

The Partnership uses its convening power to establish a common agenda and standards among its diverse membership of countries, experts and practitioners – from national and sub-national governments, international organisations, private sector, academia and civil society. These actors are working on financial protection at the political, research and strategic level.

Have you changed or strenghtened your goals
Progress towards the goals
How are you tracking progress of your initiative The multi-stakeholder InsuResilience Global Partnership is transitioning towards a new monitoring, evaluation and learning (MEL) framework. The endorsement of the Partnership’s ‘Vision 2025’, with its six result areas in late 2019 was the first milestone towards a more comprehensive, holistic and partnership-wide monitoring, evaluation and learning (MEL) framework, with a focus on broadening impact dimensions and providing evidence on positive long-term impacts of CDRFI. This new MEL framework was developed in a collaborative process to involve different stakeholder perspectives. Members of the Partnership, including from civil society, private sector, implementing programs and academia, jointly developed a common terminology and formed a technical sounding board for the review process. The framework is complemented by a theory of change which identifies causal chains and links impacts directly to activities under the Partnership.

The framework consists of 19 indicators and corresponding targets that are clustered in six result areas. Each result area has a prominent lead indicator (such as the goal of reaching 500 million beneficiaries by 2025). The six result areas track progress on i.) Total risk covered and number of people protected, ii.) Number of countries with comprehensive disaster risk finance (DRF) strategy, iii.) Number of countries adopting CDRFI solutions, iv.) Increased cost effectiveness, v.) Development/human impact and vi.) Increase in evidence. Targets for these indicators were set in consideration of estimated baselines. The performance of the indicators will be measured in multiple ways: The InsuResilience Secretariat conducts annual data collections to measure beneficiaries, coverage volumes in relation to average annual losses and other quantitative indicators across all contributing programs and projects. This information is complemented by desk research, e.g. on the availability of countries’ DRF strategies. Moreover, a set of research questions and gaps in the field of impact evaluations will be addressed under a specific research plan, the evidence roadmap. Until 2025, the full toolbox of rigorous impact evaluation instruments shall be applied to identify and quantify impacts under the Partnership. The new framework is exceptional in that it manages to provide a common methodology for reporting and aggregation of data, even across different types of financial solutions (from micro-level insurance to contingent credit) and the variety of projects it covers. The foundation of all components of the Partnership’s MEL are the InsuResilience Pro-poor Principles: Impact, Quality, Ownership, Complementarity and Equity. The principles were developed by the Partnership’s M&E Working Group and underwent a partnership-based review process similar to the M&E framework.

Available reporting The overall achievements of the Partnership are documented in the Annual Reports.

Please see the links below: Annual Report 2018: https://www.insuresilience.org/wp-content/uploads/2018/12/insuresilience_annualreport_07_lowRes.pdf

Annual Report 2019: https://www.insuresilience.org/wp-content/uploads/2019/12/InsuResilience_Annual_Report_2019_web.pdf

The Annual Report 2020 will be published in January 2021 in an online format on the website of the Partnership.

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
Faith based organisations 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
39
2018
57
2019
74
2020
88
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: 10 March 2021 11:00:30

Not only have national states as participators