Workstream 1:
Strategic Guidance & Convergence

Guide the integration of Climate and Disaster Risk Finance and Insurance solutions in global climate change and resilience frameworks

Introduction

The Partnership serves as the “go-to” platform for Climate and Disaster Risk Finance and Insurance (CDRFI) with the Partnership’s High-Level Consultative Group (HLCG) providing the overall strategic guidance. The HLCG has made important decisions in 2020. Not only, was the Partnership’s mandate of climate and disaster risks enhanced with a broader focus on compound risks, including pandemics, but the Declaration on Gender was adopted along with Action Areas for the Integration of Risk Finance in National Adaptation Planning.

Two important initiatives under the Partnership took shape in 2020, both making substantial contributions to achieving the targets of Vision 2025: The V20-led Sustainable Insurance Facility (SIF) accomplished the first steps for roll-out in the Philippines. This puts the development and uptake of climate risk insurance for micro, small and medium enterprises at the centre of attention and kicks off its activities. The Tripartite Agreement is a public-private collaboration between Germany’s Federal Ministry for Economic Cooperation and Development (BMZ), the Insurance Development Forum (IDF) and the United Nations Development Programme (UNDP). It concluded the first country short-listing, developed project proposals and launched the first project in Peru.

The Partnership has a diverse membership and strives to stimulate collaboration between various stakeholders in the field of CDRFI. This enables it to bundle the expertise and perspectives of its members and feed that into a global financial resilience architecture for climate and disaster risks which is a key element of a broader climate adaptation and resilience agenda. Against this backdrop, David Howlett provides further insight into Paving the Global Resilience Agenda.

Furthermore, the Partnership aims to standardize monitoring and evaluation outputs into a robust and reliable system to inform consistent and comprehensive data collection that embraces pro-poor, gender and conflict-sensitive approaches and focuses on outputs that help highlight the positive impact of CDFRI solutions. Read more about Development of a Holistic M&E Framework.

Taking a contrarian and futurist’s perspective – what is needed to manage global risks in this new age of growing complexity? Dive into Professor Wilenius’ viewpoints – expert in future studies – for a more resilient world.

Share on twitter
Share on email