AFI is organizing a Virtual Meeting of the third Inclusive Green Finance Working Group (IGFWG) Webinar on 15 April 2020 at 2 PM GMT. The webinar is organized for IGF WG members only.
The regulatory and supervisory environment is key in enabling innovative ways and mechanisms to reduce the climate insurance protection gap. Supervisors are well-placed to stimulate action that can strengthen resilience of the most vulnerable segments of the population against climate and disaster risks. By adopting proportionate regulatory and supervisory approaches they can foster supply and demand of climate risk solutions. In addition, supervisors can play an important role in ensuring the incorporation of responsible insurance solutions in national strategies on disaster risk management.
The Access to Insurance Initiative (A2ii) is a global partnership with the mission to support supervisors to promote inclusive and responsible insurance, thereby reducing vulnerability. In the most recent A2ii’s thematic report “The role of insurance supervisors in climate risk insurance” highlighted that insurers can help build the resilience of people. As risk underwriters, they can do so through three pathways: the first and foremost by offering risk transfer solutions in the form of appropriate insurance products. However, insurance cover is just one facet of risk management. Insurers can offer products and services that not merely transfer risk, but also encourage consumers to adopt more comprehensive risk management measures such as risk prevention, mitigation and reduction, in order to avoid or reduce losses. By lending their expertise as risk experts to initiatives and stakeholders beyond the insurance industry, insurers can help societies to better understand risks.
Please confirm your participation by Tuesday, 14 April 2020
Should you have any questions regarding this webinar or how to participate, please contact IGFWG@afi-global.org.
We look forward to welcoming you in our next IGFWG Webinar.
AFIs Inclusive Green Finance (IGF) workstream is part of the International Climate Initiative (IKI) supported by the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU), based on a decision of the German Bundestag.