Reinsurance News
Insurance Development Forum
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 and AXA announce first close of Infrastructure Resilience Development Fund
2nd December 2025
AXA and the Insurance Development Forum (IDF) have announced the first close of the Infrastructure Resilience Development Fund (IRDF). Managed by Global Infrastructure Partners (GIP), a BlackRock subsidiary, the IRDF is built upon the Infrastructure Resilience Development Blueprint developed over the past two years by IDF members, including AXA, Convex, ... Read the full article
IDF announces launch of Infrastructure Resilience Development Fund
16th October 2025
The Insurance Development Forum (IDF)—a public-private partnership between the insurance industry, the United Nations, and the World Bank—has announced the launch of the Infrastructure Resilience Development Fund (IRDF). Managed by Global Infrastructure Partners (GIP), part of BlackRock, the IRDF is based on the Infrastructure Resilience Development Blueprint developed over the past ... Read the full article
IDF urges global shift from disaster response to prevention
13th October 2025
Saoirse Jones of Zurich Insurance and Mathieu Verougstraete of the United Nations Office for Disaster Risk Reduction (UNDRR), both Co-Chairs of the Insurance Development Forum’s Disaster Risk Reduction Working Group, are calling on governments, investors, and insurers to shift the global approach from reacting to disasters to actively preventing them. According ... 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 develops parametric flood insurance product for Lagos
17th July 2025
The Insurance Development Forum (IDF), in collaboration with the United Nations Development Programme (UNDP) and the German Federal Ministry for Economic Cooperation and Development (BMZ) through the InsuResilience Solutions Fund (ISF), has completed the design of a parametric flood insurance solution for the Lagos State Government in Nigeria as part ... Read the full article
IDF & Bridgetown Initiative partner to drive integration of insurance into vulnerable communities
6th June 2025
The Insurance Development Forum (IDF) and the Bridgetown Initiative have partnered to drive deeper integration of insurance into the international financial architecture (IFA) as a key part of the toolkit for enhancing resilience in Emerging Markets and Developing Economies (EMDEs). The Bridgetown Initiative is a global campaign that advocates for the ... 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
IDF announces Whalley and Lux as SHS Co-Chairs among other leadership moves
18th October 2024
The Insurance Development Forum (IDF) has appointed Karina Whalley, Head of Public Sector at AXA Climate, and Ruth Lux, Head of Public Sector IMEA at Guy Carpenter, as new private sector Co-Chairs of the Sovereign and Humanitarian Solutions (SHS) Working Group. They will be joining a leadership team comprising Sophie Evans ... 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
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