The Insurance Industry: Sustainable Solutions to Disaster Risk
Description
As an industry whose core business is to understand, manage and carry risk, the global insurance industry is uniquely positioned to contribute to disaster risk reduction.
The side event will outline the Principles for Sustainable Insurance initiative (PSI) launched by the UN and global insurance industry at the 2012 Rio+20 Conference, and their significance to disaster risk reduction. As the principles have now been adopted by many of the world’s leading insurers and have led to the largest collaboration between the UN and the global insurance industry, the event will look into how insurers are implementing the initiative in the context of building disaster-resilient communities and economies.
The side event seeks to understand the role of insurers in disaster risk reduction through each step of the risk management value chain – i.e. risk understanding, risk prevention, risk reduction, and risk protection. The event will explore how global efforts such as the Principles for Sustainable Insurance initiative (PSI) can provide major opportunities for collaboration between the global insurance industry, governments, UN agencies and other members of the disaster risk reduction community, and how global insurance industry input could be structured effectively into the post-2015 framework for disaster risk reduction (HFA2).
Presentations
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Principles for Sustainable Insurance - A pioneering global sustainability framework and initiative (1.80 MB)
Speaker: Butch Bacani, Programme Leader, The UNEP FI Principles for Sustainable Insurance Initiative
