As part of our commitment to protecting vulnerable communities, we joined the Insurance Development Forum's Infrastructure Resilience Development Blueprint. The blueprint aims to facilitate insurance sector investments in infrastructure that will enhance vulnerable communities’ resilience to climate change and natural disasters. The blueprint is designed to drive greater mobilisation and more impactful insurance sector investment into the development of smaller to mid-size commercial infrastructure projects in developing and emerging markets. The insurance sector, through public-private partnerships, can play a key role in protecting the future and development of families and communities. As a Responsible Insurer, we are part of a collective effort to promote sustainable development. Discover more: https://lnkd.in/dhYbbXhF #Generali4Sustainability
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Rowan Douglas CBE, CEO of Climate Risk and Resilience, is at New York Climate Week and attended the signing yesterday between Lloyd's and the United Nations Capital Development Fund (UNCDF) to scale a project we supported in 2022 to help fight climate change in the Pacific. We supported the launch of two parametric insurance products in Fiji, Tonga and Vanuatu, leading to a successful payout to 1,037 vulnerable people after heavy rainfall. This new partnership with Lloyd’s aims to improve access to insurance for climate vulnerable countries, initially focusing on Fiji and Pacific island countries, with the ambition to scale to other regions, including Asia and parts of Africa. At the event, Rowan said: “‘Insurance is more than an industry, it's our shared global system for distributing risk across communities. We have built a new toolkit with satellites and mobile phones and can demonstrate that it works; now what we need to accelerate is scale. Today’s event is an important step.” Lloyd’s signed the MOU on behalf of the SMI’s Insurance Task Force. We're a key member, represented by CEO David Howden. Read the full announcement https://ow.ly/cNvs50POk6H #ClimateRisk #ParametricInsurance #ClimateChange #insurance #ForceForGood
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On behalf of The Sustainable Markets Initiative Insurance Task Force, Lloyd’s is pleased to announce a partnership with the United Nations Capital Development Fund (UNCDF) to scale insurance access for climate-vulnerable countries. Setting out a commitment to designing innovative insurance products that will deliver financial resilience against climate shocks, a Memorandum of Understanding was signed yesterday during New York Climate Week at an event hosted at Lloyd’s New York offices. Initially focussing on building and scaling solutions across Fiji and the Pacific Islands, the partnership will also seek to replicate the model in other Small Island Developing States (SIDS) and Least Developed Countries (LDCs). Lloyd’s CEO John Neal comments on the partnership: “Insurance has a vital role to play in building resilience against climate-related risks. This partnership with the UNCDF underpins the Sustainable Markets Initiative’s mission to develop a coordinated global effort to mitigate climate and natural catastrophe risks as we progress towards a more sustainable future.” Read the full announcement here 👉 https://lnkd.in/e9ujWQqG #ClimateWeek2023 #ClimateAction
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The Insurance Development Forum's (IDF) initiative to raise a multimillion-dollar infrastructure fund to assist developing countries in coping with the consequences of climate change is of paramount importance. In a world where climate change is increasingly felt, there is an urgent need for resilient and sustainable infrastructure in emerging and developing economies. I have always put emphasis on the importance of collaborative efforts like the IDF's, where insurers and international bodies unite to support nations that are already experiencing the impacts of climate change. This initiative showcases the insurance / takaful industry's ability to bring neutrality and objectivity to the climate discussion through its expertise in risk modelling and pricing, ultimately contributing to a more efficient and proactive approach to climate resilience. Pakistan also needs to be a part of such programs being quite vulnerable to the adverse effects of climate change. Ekhosuehi Iyahen Jan Kellett Michael Bennett Arup Chatterjee https://ow.ly/ZqeH50Q2esq #ClimateChange #ClimateResilience #Ecosystem
Insurer body plans infrastructure fund for climate-hit economies
ft.com
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Looking forward to discussing pre- arranged financing and risk sharing with some of the smartest people in this space I know #cop28
#COP28 EVENT: The State of Pre-Arranged Financing: Time to Get Ahead Date: Saturday 2nd December 13:30-14:30 GST Hosted by Insurance Development Forum, Centre for Disaster Protection, and Risk-informed Early Action Partnership (REAP), with speakers from Start Network, Marsh McLennan, and African Risk Capacity Ltd. For more information on the state of pre-arranged financing and why it is so important to building resilience, read the latest report from The Centre here: https://lnkd.in/e_fBKNSG #Insurance #UNSDGs #ClimateChange #DisasterRiskReduction #PreArrangedFinance
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There is growing need for insurance in adapting to climate change. Follow our educational #Series dubbed "What do you know about insurance and climate adaptation" to understand the interlinkages between insurance and climate adaptation, and benefit from the opportunity it presents. #Climateinsurance #Climateriskmanagement #climateadaptation #climatesolutions #climateopportunites
#Series: What do you know about insurance and climate adaptation? Insurance offers an opportunity to build the financial resilience of low-income vulnerable households to climate-related disasters in Africa. There must be collaboration between insurance companies, government agencies, the private sector and civil society organizations to develop solutions that address the challenges and barriers faced in utilizing insurance as a climate adaptation mechanism. InsuResilience Global Partnership InsuResilience Solutions Fund (ISF) #climateadaptation #insurance #climateriskmanagement
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The Folksam Group (Sweden) has announced that it is investing SEK 2.5 billion in a new bond issued by the City of Stockholm. About half of the borrowing is planned to go to investments in the city’s water infrastructure. The investment is part of Folksam Group's strategy to support climate adaptation and green transition. Folksam Group believes climate adaptation of water infrastructure is a clear example of a local concern with a national interest and that #insurance companies have a clear interest in ensuring that the necessary investments for climate adaptation, such as water infrastructure, are made to reduce the risk of customers suffering climate-related damages. In August last year, Storm Hans swept across large parts of Sweden and caused enormous devastation with the cost estimated at SEK 1 billion for Sweden’s five largest insurance companies. “Last year’s torrential rains and floods showed the need for investments in water infrastructure, such as sewage treatment plants around Sweden. The City of Stockholm is pursuing proactive climate adaptation work and planned investments are a continuation of important climate adaptation projects that are already underway. It is gratifying that the Folksam Group can be involved in supporting a municipality that both adapts and strengthens its resilience to climate change,” says Marcus Blomberg, Investment Manager at the Folksam Group. #SustainableInvestment #ClimateAdaption #GreenTransition #Mutuals
Folksam Group invests SEK 2.5 billion in climate-related work in Stockholm - International Cooperative and Mutual Insurance Federation
https://www.icmif.org
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Nature-positive investments can help restore Asia and the Pacific’s coral reefs. Discover how innovative financial products such as parametric insurance can help protect these critical ecosystems and boost coastal resilience. https://ow.ly/N7X750QSSO3
Sustainable Finance for Asia and the Pacific: Protecting and Restoring Coral Reefs
adb.org
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“Low #insurance coverage also raises concerns related to public debt sustainability” says the #ESM. The wicked problem of #climatechange. Taxpayers are picking up the bill in the absence of anyone else who wants to cover the losses caused by climate change. I hope governments at #COP28 will discount that number in their equations when deciding about how to allocate funds in order to reduce more #harm to the planet asap. #Inequality #poverty #earth4all #sustainability #stability
Mind the gap – how a European risk-sharing scheme could bolster private insurance coverage of natural catastrophes | European Stability Mechanism
esm.europa.eu
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🌏 Aside from facilitating the energy transition in order to mitigate against further climate change, the insurance industry clearly has a very important role to play in helping society manage its impact in the present. 🏝️ This is particularly critical in the case of countries that do not have the economic scale to deal with weather-related disasters. 🤝 So it is great to see this initiative from Lloyd's, partnering with the United Nations Capital Development Fund (UNCDF), to create greater access to insurance solutions for vulnerable countries. https://lnkd.in/e9ujWQqG #insurance #climatechange
United Nations Capital Development Fund and Sustainable Markets Initiative Insurance Task Force partner to scale insurance access for climate-vulnerable countries
lloyds.com
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#Series: What do you know about insurance and climate adaptation? Insurance offers an opportunity to build the financial resilience of low-income vulnerable households to climate-related disasters in Africa. There must be collaboration between insurance companies, government agencies, the private sector and civil society organizations to develop solutions that address the challenges and barriers faced in utilizing insurance as a climate adaptation mechanism. InsuResilience Global Partnership InsuResilience Solutions Fund (ISF) #climateadaptation #insurance #climateriskmanagement
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Responsable Cabinet ACV ASSUR-HEURT
1moMa belle-mère, une dame âgée de 85 ans en état de dépendance, se voit refuser depuis plus d'un an le paiement de son indemnité. Cette modeste femme de menage retraitée est à jour de ses cotisation depuis 24 ans . A qui ça donne envie de souscrire des contrats couverts par APRIL et Generali ?