IDF members commit $5bn of capacity to support InsuResilience goals

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Members of the Insurance Development Forum (IDF) have committed to provide up to US $5 billion of risk capacity to support delivery of the InsuResilience Vision 2025 goals, while the United Nations and other sovereign actors have committed to extending climate and disaster insurance to 500 million.

Announced yesterday in New York ahead of the UN Climate Summit for Action, the United Nations, Germany, the United Kingdom and stakeholders from the insurance and reinsurance industry announced new commitments to increase insurance protection in climate exposed countries of the world.

The goal is to increase climate change resilience for the most vulnerable countries through the use of risk modelling, risk management and disaster risk insurance and reinsurance techniques.

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