The Insurance Development Forum is a public/private partnership led by the insurance industry and supported by international organizations.
We aim to optimize and extend the use of insurance and its related risk management capabilities to build greater resilience and protection for people, communities, businesses, and public institutions that are vulnerable to climate, disaster and wider risks and associated economic shocks.
Economic and humanitarian risks associated with catastrophic weather and climate-related hazards are increasing, representing a major challenge to global resilience, particularly in middle/low-income countries.
Presently, 70% of economic losses from natural hazards remain uninsured and in middle/low-income countries the uninsured proportion of economic losses often exceeds 90%. The initial focus of the Insurance Development Forum partnership is to help close this protection gap - thus building global resilience and protecting economies.
The need for greater coordination and collaboration
Efforts to improve global resilience and address the protection gap have to date been primarily driven by a handful of private/public stakeholders. Given the scale, scope and complexity of the resilience and protection gap challenge, a coordinated and collaborative approach bringing together the insurance industry and relevant stakeholders is recognized as critical.
Friday, January 20, 2017 8:30 AM - 10:00 AMCentral Europe Time
The UN World Food Program TentDavos Switzerland