Collaborating for resilience: partnerships that build disaster-resilient communities and economies

Governments, businesses and communities have a shared interest in building disaster resilience. The insurance industry, through its triple role as risk managers, risk carriers and investors, plays a critical role in managing natural disaster risk. It is well placed to work with governments, businesses and communities in the areas of disaster risk reduction, climate change adaptation, and disaster risk transfer solutions. Insurers are increasingly leveraging their data, tools and skills to help governments and communities create better policies and make more informed decisions about how to avoid exposure to risk, reduce risk and transfer risk.

This report features a range of case studies on multi-stakeholder partnerships for disaster risk reduction. It outlines partnership models as well as developmental, economic political, and socio-cultural considerations. This report also presents a range of innovative disaster risk transfer solutions in different countries and regions. By doing so, it shows how insurers are contributing to different activities across the disaster risk management continuum—from understanding, assessing, preventing and reducing disaster risk—to disaster response and relief, disaster recovery, and disaster risk financing. This underscores why the insurance industry is a key stakeholder in building disaster-resilient communities and economies