The Program Alliance facilitates efficient and coordinated global action on climate and disaster risk finance and insurance
What is the Program Alliance?
The Program Alliance is the collaborative delivery vehicle of the InsuResilience Global Partnership (IGP), bringing together members from donors and implementing partners that share the common ambition to strengthen the financial resilience of poor and vulnerable people against climate and disaster risks. Its purpose is to facilitate efficient and coordinated global action on Climate and Disaster Risk Finance and Insurance (CDRFI).
The Program Alliance promotes collaboration among implementing partners to harmonise donor contributions to countries and foster coherence and synergies at the country level.
Members of the Program Alliance
The Program Alliance brings together members from donors and implementing partners. Through the Program Alliance, countries benefit from the activities of the following programmes:
Asia-Pacific Climate Finance Fund (ACliFF)
established by the Asian Development Bank
Centre for Disaster Protection
established by the Foreign, Commonwealth and Development Office and the World Bank
Global Index Insurance Facility (GIIF)
established by the World Bank
Global Risk Financing Facilty
established by the World Bank
Insurance and Risk Finance Facility
established by the United Nations Development Programme
InsuResilience Solutions Fund
established by the Federal Ministry for Economic Cooperation and Development (BMZ) of Germany and the KfW Development Bank
German Federal Ministry for Economic Cooperation and Development (BMZ)
UK Foreign, Commonwealth and Development Office (FCDO)
established as the Partnership’s central hub for coordination, facilitation, knowledge, matchmaking, monitoring and evaluation and support to all Partnership bodies
Services under the Program Alliance
As the collaborative delivery vehicle of the Partnership, the Program Alliance delivers a full package of services related to climate and disaster risk finance and insurance, including:
Research, data, modelling, innovation & learning
Solution design and implementation
Financial assistance, incl. premium and capital support, and contingent financing
Transforming policy into action
Chaired by the UK (FCDO), in 2021 Program Alliance members provided substantial technical insights and were instrumental for the design of the InsuResilience Principles on SMART Premium and Capital Support and provided critical inputs to the enhancement of the Global CDRFI Architecture, laying a pathway for concrete contributions to follow in 2022.
BMZ was selected as Chair to the Alliance and has led the group to contribute to a more coherent Global CDRFI Architecture. The Program Alliance was instrumental in designing the Global Shield against Climate Risks initiative under Germany’s G7 presidency. Under the Global Shield, it will build on existing collaboration to create the Global Shield Coordination Hub and its Technical Advisory Group.