Improving resilience against climate risks

The aim of the InsuResilience Global Partnership is to increase the long-term resilience of the poorest and most vulnerable groups in developing countries and emerging economies against climate risks. The expansion of climate risk financing and insurance instruments is intended to enable governments, enterprises and households to respond more quickly and effectively to natural disasters, thus minimising potential resulting costs.

To that end, financing and insurance instruments are developed and applied as part of a holistic disaster risk management approach.

Moreover, by providing the right incentives, the Partnership seeks to encourage governments to better prepare for climate risks by putting in place contingency plans and taking preparedness measures such as the establishment of seed reserves. In the field of direct insurance, coverage for individuals, cooperatives, microfinance institutions and NGOs in vulnerable regions is to be expanded. In addition, measures are undertaken to develop insurance markets, foster prevention and adaptation, and build technical knowledge.