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Risk transfer (reinsurance) essential to meet global resilience goals: IDF
Leaders of international public and private sector organisations have underlined the importance of risk transfer mechanisms and capacity in achieving global resilience and sustainable development goals set by the United Nations (UN) and the World Bank.
The Insurance Development Forum, a group formed of insurance and reinsurance industry representatives alongside the World Bank and the UN, met in Singapore recently to commence work on the process of building global resilience and sustainability.
Leaders from both the public and private sector stressed the vitality of robust risk transfer if goals set out by the World Bank and the UN are to be achieved in the coming months and years.
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