Insurance Development Forum

Event Recap: Insurance Development Forum (IDF)-The World Bank Group Knowledge Hub Day and IDF Summit: https://lnkd.in/eKYhtyJ6 “The role of insurance as a source of protection and a facilitator for investment was clearly demonstrated throughout the summit and ultimately risk transfer mechanisms like insurance should be part of a wider dialogue on disaster resilience.” Thank you to the Financial Protection Forum for this recap of the impact and takeaways from the #IDFSummit2024 and World Bank Global Shield Financing Facility Knowledge Hub Day in June. 

#IMPLEMENTATION: We are pleased to share that the Global Risk Modelling Alliance (GRMA) jointly supported by the Insurance Development Forum and the Insuresilience Solutions Fund has issued a Call for Proposals for Nigeria.  The GRMA aims to fill critical model and data gaps and enhance (sub-)sovereign climate and disaster risk assessment capabilities. Relevant gaps are identified and co-defined with country partners, and are then published in country-specific Call for Proposals. Research institutions, academia, re-insurance brokers or carriers, commercial model vendors are encouraged to apply.  Deadline for proposals is Monday 5 August 2024. For more information and to apply, please visit: https://lnkd.in/e5xccMwx  #ApplyNow #ClimateChange #ClimateAction #ClimateResilience #ClimateFinance #ClimateInsurance #DRR #CDRFI #ClimateRiskInsurance #Nigeria  National Council on Climate Change Climate Vulnerable Forum (CVF) & Vulnerable Twenty Group (V20) Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung (BMZ) InsuResilience Solutions Fund (ISF)

#ADVOCACY “We could do a much better job if we just spent a little bit more time putting money ahead of these disasters,” Ekhosuehi Iyahen provided comments for Devex exploring the nuances around parametric insurance and disaster resilience. I don't want to convey the sense that [disaster insurance] is the solution to everything. But it can be used to address a very pressing need that many communities are currently dealing with.” Read the full article here: https://lnkd.in/eyRGN6YQ #Parametric #Insurance #DisasterRiskFinance #Heatwave #ClimateChange

#ADVOCACY Addressing Asia's Protection Gaps is an important evolving conversation amid the global resilience debate. The Insurance Development Forum is pleased to support the inaugural Global Asia Insurance Partnership (GAIP) Summit, taking place on 14-15 October 2024 in Singapore. This summit will foster crucial discussions on the imperatives, challenges, and actions needed to address the critical issue of Asia's growing protection gaps, and seek to drive collaborative efforts across public and private sectors. Click here to find out more: https://lnkd.in/gaghjmjH #GAIPSummit2024 #Insurance #RiskManagement #Resilience #Asia #ProtectionGap #SustainableDevelopment #Collaboration

#ENGAGEMENT: Insurance Development Forum Secretary General Ekhosuehi Iyahen was recently invited to join speakers and fellow panellists at the Milken Institute Global Conference, at The Beverly Hilton, Los Angeles. The theme for this year’s event was Shaping a Shared Future, and across four days speakers delivered information, insights and viewpoints during the sessions, which were attended both in-person and online. Ekhosuehi took part in two sessions during the event, including Geopolitical Risks and Opportunities: Investing in an Age of Transformation, which explored ways of building resilience, strengthening supply chains, and accelerating clean energy investment. Ekhosuehi was also invited to join The New Climate Reality: Financing for Adaptation, Resilience, and Recovery session, where panelists discussed the new climate reality, its financing environment, and the need to give prominence to portfolios that build better adaptive and more resilient infrastructure. The recording of the session can be found here: https://lnkd.in/ePxbQRTN For more information and to listen to the sessions from the event please visit: https://lnkd.in/gzhpd6t4 #MIGlobal #Insurance #Development #Sustainability #Impact #SustainableDevelopment #Resilience #ClimateChange #ProtectionGap #ClimateRisk #Resilience #Adaptation

#ADVOCACY Thank you to High-Level Climate Champions for this interview with Ekhosuehi Iyahen, Secretary General of Insurance Development Forum (IDF), and Heike Schmitz, Member of the IDF Operating Committee and Co-Chair of the IDF Infrastructure Task Force, discussing the pivotal role of the insurance industry in building climate resilience: https://lnkd.in/eKSYs8cE #RaceToResilience #Insurance #UNSDGs #Resilience

#ADVOCACY Thank you to Ian Smith at The Financial Times for today's inspiring opinion piece, quoting Insurance Development Forum Steering Committee Chair Michel Liès and Secretary General Ekhosuehi Iyahen. Wanted: country risk officers to tackle climate threat Insurance industry idea could help address protection gap for developing economies - read here: https://lnkd.in/eeV-FjJZ #Insurance #ClimateChange #Implementation #Engagement #UNSDGs #InsuranceNews #DisasterRiskFinance

"In the traditionally male-dominated field of insurance, Ekhosuehi Iyahen stands out not only for her groundbreaking work but also for her role as a pioneering female leader. As the Secretary General of the Insurance Development Forum (IDF), she has led the charge in building an institution whose mandate is more relevant than ever, with an impressive track record of delivery that belies its short years of existence." Thank you to The European Business Review for profiling Ekhosuehi as part of your Women in Leadership series: https://lnkd.in/eQWRyfBS #Insurance #Leadership

The Insurance Development Forum extends its sincere gratitude to all delegates who attended the #IDFSummit2024. During the course of this unique high-level event - with its theme of “Why Insurance Matters: Prevent, Protect, Provoke” - delegates were able to share knowledge on important issues such as Climate and Disaster Risk Finance & Insurance, Risk modelling plus Reforming the International Financial System and the Role of Insurance. A special thank you to our distinguished speakers, who not only highlighted the insurance sector's pivotal role in creating a resilient financial system, but in keeping with the theme of the Summit, provoked a sense of urgency and ambition in our respective endeavours. Michel Liés, Chair of the Insurance Development Forum Steering Committee, aptly summarised the sessions: “It's nice to have dreams, it's best to take action, and in bridging that gap is where we see the role of the IDF.” Delegates were the first to hear the announcement that the IDF, and French Development Agency Group (Agence Française de Développement and Expertise France (AFD Group), had formed the Integrated Disaster Risk Management Alliance (IDRIMA) - a unique strategic partnership, which aims to strengthen the long-term resilience of sovereign, sub-sovereigns and public utilities in the Global South. Additionally, the launch of a unique and innovative Knowledge Partnership between the IDF and the World Bank’s Global Shield Financing Facility (World Bank GSFF) was also a key feature of the Summit and officially inaugurated at the event’s Knowledge Day, which brought together over 30 high-ranking government Minister and officials, industry experts, and members of both organisations together. Please revisit the summit's website to access resources, including speaker information, agenda details, interviews, and more, by visiting this link: IDF Summit 2024 - Insurance Development Forum (insdevforum.org) We look forward to progressing the conversations and commitments made at this year’s Summit and swiftly translating them into implementation: this is the ultimate goal of our convenings.  #Insurance #Resilience #ClimateChange #DisasterRiskFinance #resilientinvestment

PRESS RELEASE:  The Insurance Development Forum (IDF) and the French Development Agency Group (Agence Française de Développement and Expertise France – together “AFD Group”) are delighted to announce the formation of the Integrated Disaster Risk Management Alliance (IDRIMA). Signed at the #IDFSummit2024, this unique strategic partnership aims to strengthen the long-term resilience of sovereign, sub-sovereigns and public utilities in the Global South to the impacts of climate disasters through comprehensive financial solutions, combining the expertise of Development Finance Institutions (DFIs), Public Development Banks (PDBs), and insurers. Read the full announcement: https://lnkd.in/e4mtVtaY #UNSDGs #Insurance #Resilience #ClimateChange #DisasterRiskFinance