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About our Working Groups

Risk Modelling (RMSG)

Chair:

Ian Branagan, Marc Gordon

Purpose:

The RMSG is dedicated to improving global understanding and quantification of natural hazards disaster risk, through use, development and sharing of the re/insurance sector’s catastrophe risk modelling capability. Risk literate users in vulnerable countries should be able to access all relevant models and datasets, use them on their preferred platform, develop them further and have trust in the results. The amount of duplicated effort and inefficiency in the risk modelling system should also be reduced.

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Law, Regulation and Resilience Policies (LRRP)

Chair:

Bill Marcoux

Purpose:

Developing accessible insurance regulation and public policy frameworks that enable and enhance sustainable development and economic and social resilience to large-scale disasters.

Developing a catalogue of regulatory and policy issues that impact the use of risk management tools in vulnerable nations. The LRRP assisted Global Communities in its engagement with a number of Columbian municipalities regarding arranging insurance protection for natural catastrophes. This exploratory work, which is also supported by KFW, has included assessing the legal and regulatory issues surrounding the purchase of insurance by the target communities.

Engagement with IDF Sovereign and Humanitarian Solutions (SHS) Working Group on the InsuResilience Solutions Fund (ISF) Pilot Project in Sri Lanka. Engaging with supervisors to create a regulatory framework that local governments can use to further develop their legal and regulatory platforms. Engagement with the IAIS and the National Association of Insurance Commissioners (NAIC) in the United States, on collaboration considering how regulators and industry can work together to address the insurance needs of sovereign, commercial and personal insureds

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Sovereign and Humanitarian Solutions (SHS)

Chair:

Ivo Menzinger, Claudia Thyme, Daniel Clarke

Purpose:

Focusing on the needs of sovereigns, sub-sovereigns, international institutions, and humanitarian agencies in programmes and territories that are usually supported by donors or developments banks, the SHS will foster information flow and coordination of interactions between industry, civil society, multi-laterals and relevant government entities on “macro” solutions. 

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Inclusive Insurance

Chair:

Astrid Zwick, Garance Wattez-Richard

Purpose:

Driving and enhancing coordination and collaboration on microinsurance projects and to maximize the impact and efficiency, both in technical assistance and funding, of resilience-building programs which are operating in local communities vulnerable to climate change.

Work Streams and Priority Actions 

  • Supporting long-term sustainable solutions that assist communities and countries to be more resilient to disasters by providing risk-pooling solutions co-created by them and tailored to their needs.
  • Creating an enabling environment that can promote and advocate for legislative change for a variety of micro insurance models. This will involve mostly legislative change and government advocacy and will build on the IAIS work on microinsurance regulation.
  • Creating a market place for practitioners that operates existing and new long-term sustainable microinsurance projects to meet potential donors with the aim of matching them together.

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Investment

Chair:

Claus Stickler, Andy Jobst, Jan Kellett

Purpose:

The working-group on investment has the overall objective of increasing the sectors and countries in which insurance investments could operate by exploring how insurers, working with development banks and others, can support the requirements for investment in resilient and sustainable infrastructure in emerging and developing countries.

Work Streams and Priority Actions

There are three inter-connecting work-streams that define this work at present:

  • The development of detailed criteria for potential insurance investors in development, including sectors, sub-sectors, countries and impact measurement;
  • Advocacy both within and beyond the industry and
  • Investigations and discussions around a ‘standalone structure or mechanism’ to underpin this work, including financing mechanisms.

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Around the world

0 million

Contribute to InsuResilience Vision 2025 to provide 500 million people with cover against climate and disaster shocks

0 countries by 2025

Provide technical assistance and risk transfer solution to 20 vulnerable countries by 2025

0 billion USD

Offered risk capacity to 20 countries by 2025 under Triparte Agreement