Inclusive insurance is critical to financial inclusion, community stability and overall sustainable development, as it empowers individuals and families to make choices, they would otherwise not be able to make. Against this background, the Inclusive Insurance Working Group of the IDF contributes to the inclusive growth of emerging economies and to the resilience of their vulnerable communities by developing tailored risk transfer solutions.
The Working Group endorses the InsuResilience Global Partnership’s vision 2025 to deliver the benefits of insurance and climate resilience to 150 million people by 2025, including two cross-cutting objectives in incorporating gender mainstreaming and the pro-poor approach in all activities. Through public-private partnerships and regulatory support, it will enable conducive market environments to allow scalable and long-lasting impact-driven projects, share learning and dissemination of best practices, and enable convergence, collaborations and coordinated implementation efforts across the community under a common agenda to raise ambition and set standards in the Climate and Disaster Risk Finance and Insurance community.Read more
The IIWG has defined seven key focus areas: