Reinsurance News
IDF
€1.9m project & risk transfer scheme aims to protect farmers in Uzbekistan
6th October 2023
The Insurance Development Forum (IDF), the United Nations Development Programme (UNDP), the German Government, and the government of Uzbekistan rcecently launched a €1.9 million project to develop and implement a sovereign risk transfer scheme for climate-vulnerable farmers in Uzbekistan. The idea is to create a multi-peril indemnity insurance solution that will ... Read the full article
UNDRR, IDF, Oxford University, and GEM Foundation collaborate to establish Global Resilience Hub
7th June 2023
UN Office for Disaster Risk Reduction (UNDRR), the Insurance Development Forum (IDF), the University of Oxford, and the GEM Foundation signed an agreement at the IDF Summit 2023 to launch the Global Resilience Index Initiative (GRII) and establish a Global Resilience Hub. The aim of this collaborative effort is to assist ... Read the full article
“Insurance can influence systemic change,” says IDF exec after COP27
23rd November 2022
Michel M. Liès, Steering Committee Chairman of the IDF and Chairman of Zurich Insurance Group, has asserted that the IDF's announcements at the recent COP27 climate conference are "a testament to how insurance can influence systemic change." The Insurance Development Forum (IDF), a public-private partnership led by the insurance industry and ... Read the full article
COP27: Global Resilience Index Initiative launches prototype risk viewer
12th November 2022
During COP27, the Global Resilience Index Initiative showcased key milestones in its development towards an open, standard set of climate metrics and data to measure risks to communities, infrastructure and ecosystems, with the launch of the GRII demonstrator. The announcement comes from an Insurance Development Forum (IDF) report, which states that ... Read the full article
IDF and UNDP to lead on parametric flood insurance cover for Lagos, Nigeria
11th November 2022
The Insurance Development Forum and the United Nations Development Programme, along with the German Government and the Lagos State Government in Nigeria, have launched a €1.6 million project to develop a sub-sovereign risk transfer scheme to provide flood risk cover for Lagos State, Nigeria. The Insurance Development Forum, (IDF) notes ... Read the full article
Allianz and Swiss Re to lead flood risk transfer project in Ghana
14th June 2022
Allianz and Swiss Re, members of the Insurance Development Forum (IDF), will lead a Tripartite risk transfer project for urban floods in Ghana. The IDF, alongside the Ghana Ministry of Finance, the United Nations Development Programme (UNDP) and the German Government, announced its launching during the IDF ... Read the full article
IDF names Michel Liès as Steering Committee Chair
20th April 2022
The Insurance Development Forum (IDF) has the appointed Michel Liès as its next Steering Committee Chair, bringing with him extensive experience of the insurance sector, having spent over 40 years with Swiss Re, including as Group CEO from 2012 until his retirement from the company in 2016. Liès, who is Chairman ... Read the full article
IDF in disaster risk partnership for climate-vulnerable countries
18th February 2022
The Insurance Development Forum (IDF), a public-private partnership led by the insurance industry and supported by the UN, World Bank and other international organisations, has entered into a new trilateral partnership with MapAction and Start Network. The partnership will work to accelerate anticipatory action and disaster risk reduction in eight climate-vulnerable ... Read the full article
IDF sets up Global Risk Modelling Alliance with V20 Group
5th November 2021
As part of the COP26 summit in Glasgow, the Insurance Development Forum (IDF) has announced a new partnership with the V20 Group of Ministers of Finance, which will see them create of a global public-private partnership programme, to be known as the Global Risk Modelling Alliance (GRMA). The GRMA programme will ... Read the full article
IDF and Start Network partner on financial service for the humanitarian space
3rd November 2021
The Insurance Development Forum (IDF) has entered into a new partnership with Start Network, a coalition of more than 50 humanitarian charities, to support the buildout of a global financial service for the humanitarian sector. The new tool is called Start Ready and will help communities get ahead of the worsening ... Read the full article
IDF & V20 Group call for more international climate support
20th September 2021
The Insurance Development Forum (IDF) and the Vulnerable Twenty (V20) Group of Ministers of Finance have called for joint collaboration and international support to strengthen global physical climate risk management capabilities. Together, the IDF and V20 also announced their intention to advance on the creation of the Global Risk Modelling Alliance ... Read the full article
IDF sees “untapped” potential for re/insurers to support climate resilience: Iyahen
18th October 2019
The role of the re/insurance industry in building global climate resistance is currently “significantly untapped,” according to Ekhosuehi Iyahen, Secretary General of the Insurance Development Forum (IDF). Speaking during a recent lecture in the Old Library at Lloyd’s of London, Iyahen discussed how the industry can help to build climate resilience ... Read the full article
IDF calls for more public-private collaboration to close protection gap
26th June 2019
The Insurance Development Forum (IDF), a partnership consisting of the World Bank Group, the United Nations Development Programme, and global re/insurers, has called for further public-private collaboration to help close the protection gap. Speaking at the International Insurance Society’s (IIS) Global Insurance Forum in Singapore last week, representatives from the IDF ... Read the full article
IDF appoints AXA’s Denis Duverne as Chair of Steering Committee
12th September 2018
The Insurance Development Forum has announced the appointment of Denis Duverne as Chair of its Steering Committee, effective September 11. Duverne, who succeeds Stephen Catlin, is Chairman of AXA Group and has held senior roles, including Chief Financial Officer and Deputy Chief Executive Officer, at the global insurer since 1995. “I would ... Read the full article
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