Reinsurance News
IDF
Lagos State government secures up to USD 7.5m parametric flood insurance
27th March 2026
The Lagos State government has contracted a parametric flood-risk insurance policy in the Nigerian insurance market, designed to protect up to 4 million vulnerable people, providing up to USD 7.5 million for flood response and recovery. The policy’s activation represents a crucial achievement for the Tripartite Agreement Programme, which aims to ... Read the full article
Ecuador contracts first parametric insurance for climate-vulnerable farmers
23rd February 2026
Ecuador has contracted its first parametric agricultural insurance policies, benefitting up to 10,000 people in smallholder rice and maize farming households against extreme rainfall and drought risk, marking a major milestone for the Tripartite Agreement Programme, a public-private partnership between the Insurance Development Forum (IDF), the United Nations Development Programme ... Read the full article
Alexander De Croo and Tsutomu Yamamoto join the IDF Steering Committee
6th February 2026
The Insurance Development Forum (IDF) has appointed Alexander De Croo, Administrator of the United Nations Development Programme (UNDP), and Tsutomu Yamamoto, Managing Director of the Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group, as Public Sector Co-Chairs of its Steering Committee. De Croo and Yamamoto succeed Achim Steiner ... Read the full article
IDF releases roadmap to expand global insurability and reduce protection gaps
13th November 2025
The Insurance Development Forum (IDF), a public-private partnership that brings together the insurance industry, international organisations, and development institutions, has released a new paper titled Increasing Insurability to Close Protection Gaps. The report examines the growing divide between insured and uninsured losses from natural disasters and outlines strategies to strengthen global ... Read the full article
Insurance Development Forum strengthens leadership with key appointments
23rd September 2025
Insurance Development Forum (IDF), a public-private partnership, has announced three key additions to its steering committee, bringing a global wealth of experience and expertise to its mission of closing protection gaps and enhancing resilience. The new members are Patrick Tiernan, Chief Executive of Lloyd's; Eduardo Fabrega, CEO of ASSA Compañia de ... Read the full article
IDF appoints Guy Carpenter’s Julian Enoizi to its Steering Committee
7th July 2025
The Insurance Development Forum (IDF) has welcomed Julian A.P. Enoizi, CEO of Guy Carpenter Europe and member of the Global Operating Committee, to its Steering Committee. Enoizi brings decades of leadership in the insurance and reinsurance sector, along with extensive experience on international and governmental advisory boards. He has served as CEO ... Read the full article
IDF to offer free modelling tools suit for climate & disaster risk analysis
28th April 2025
The Insurance Development Forum (IDF) Risk Modelling Steering Group (RMSG) has launched a new IDF web page that houses a suite of free, open access risk modelling tools for climate and disaster risk analysis. IDF stated: “Designed to advance climate and disaster risk understanding and quantification of disaster risk globally, open ... Read the full article
IDF unveils $9.25m macroinsurance policy for drought in Syria
17th February 2025
The Insurance Development Forum (IDF) has unveiled the launch of a $9.25 million macroinsurance policy for Syria that will trigger a payout in the event of a drought in strategic food production areas. According to the IDF, this macroinsurance policy is designed to support the World Food Programme’s (WFP) operations in ... Read the full article
IDF appoints Swiss Re’s Menzinger as Chair of OpCo, succeeding Douglas
31st January 2025
The Insurance Development Forum (IDF) has announced the appointment of Ivo Menzinger, Managing Director of Public Sector Business at Swiss Re, as Chair of its Operating Committee (OpCo). Menzinger succeeds Rowan Douglas CBE, CEO of Climate Risk & Resilience at Howden, who led the creation of the IDF between 2012-2015, and ... Read the full article
Public-private partnership delivers parametric solution for urban flooding in Ghana
13th November 2024
The Insurance Development Forum (IDF), alongside its partners, has successfully delivered two parametric insurance products to help strengthen the financial resilience of flood-prone communities in Ghana. In response to the increasing flood risk and limited financial protection a new project was launched in 2022 to enhance the financial resilience of flood-prone ... Read the full article
Swiss Re CEO Andreas Berger joins IDF Steering Committee
19th August 2024
The Insurance Development Forum (IDF), a public-private partnership led by the re/insurance industry and supported by the UN, has welcomed Andreas Berger, Group CEO of Swiss Re, as the newest member of its Steering Committee. Swiss Re has been at the forefront of the IDF's innovative efforts, leveraging its extensive expertise ... Read the full article
AXA & Generali join IDF’s Infrastructure Resilience Development Blueprint
5th July 2024
Global insurers AXA and Generali have announced their support for the Insurance Development Forum (IDF)’s Infrastructure Resilience Development Blueprint, an initiative aimed at mobilising and facilitating insurance sector investments in infrastructure that will enhance the resilience of vulnerable communities to risks from climate change and other natural disasters. The IDF is ... Read the full article
IDF and AFD form Integrated Disaster Risk Management Alliance
13th June 2024
The Insurance Development Forum (IDF), alongside the Agence Française de Développement and Expertise France (together AFD Group), has announced the formation of the Integrated Disaster Risk Management Alliance (IDRIMA) to strengthen the long-term resilience of sovereign, sub-sovereigns and public utilities in the Global South to the impacts of climate disasters. Signed ... Read the full article
IDF aims to enhance infrastructure investment for climate resilience
10th April 2024
The Insurance Development Forum (IDF) has announced its intention to facilitate investments in robust infrastructure within the insurance sector to enhance the resilience of vulnerable communities in emerging economies against climate change and natural disasters. Michel Liès, chair of the IDF Steering Committee, explains, “The Insurance Development Forum is today issuing ... Read the full article
It’s time for the re/insurance industry to show its value in climate fight: IDF
30th November 2023
There’s an urgent need to bring the voice of insurance to the fore of the climate debate and the industry must work to show its value and find sustainable ways of building resilience against adverse weather and climate events, according to the Insurance Development Forum (IDF). As the world meets in ... Read the full article
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