The InsuResilience Global Partnership Forum 2019

In December 2019, the 3rd InsuResilience Global Partnership Forum took place at the margins of the UN Climate Change Conference COP 25. Around 150 people from G20, V20 and other countries, international organizations, civil society, the private sector and academia came together to discuss the role of climate and disaster risk finance and insurance (CDRFI) solutions for strengthening adaptation and resilience, with a focus on the Caribbean and Latin America. Read more

The Natural Disaster Fund (NDF) Launched at COP25

At the UN Climate Change Conference COP 25 (2 – 13 December 2019), the Natural Disaster Fund (NDF) Deutschland was launched by the German Federal Ministry for Economic Co-operation and Development (BMZ), the German Development Bank KfW, Global Parametrics (GP), and leading global reinsurer Hannover Re. The NDF Deutschland, managed by GP, has secured initial financing of €25m from KfW on behalf of the German Federal Ministry for Economic Co-operation and Development (BMZ), which is also one of GIIF’s major donors. It targets investments in risk-transfer instruments relating to natural disasters in developing markets – regions that are disproportionately affected by extreme weather events. The vehicle follows up on and will partner with the NDF UK, which was launched in January 2018 with £25m of committed capital from DfID. Read more