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The year 2023 has been a notable year in the context of climate change. It has drawn attention to the reality of climate change through its record-breaking heat and severe weather events. These events painfully remind us that climate change is not a distant threat but today’s reality. The year’s unusually high temperatures and extreme weather events highlight the need for international efforts to address climate change, emphasizing the importance of integrated approaches of climate risk management strategies.

The CREWS 2022 Annual Report maps and illustrates how the Climate Risk Early Warning System (CREWS) initiative is making the world safer with early warning. It captures progress against key programme indicators since the initiative’s first projects. The CREWS initiative is a specialized fund for climate action that saves lives and livelihoods in Least Developed Countries (LDCs) and Small Island Developing States (SIDS). It helps countries and regions build strong and sustainable early warning systems providing timely, accurate and accessible climate risk and weather services to enable early action. Through tailored country-driven projects, the inititive strengthens national and regional institutions to better protect people hardest hit by climate change.

Timeframe The 9th Call for Proposals of the InsuResilience Solutions Fund (ISF) is open until Friday, 1 September 2023, 23:59 CEST. How to apply In the download section of the ISF’s website, you will find the mandatory Concept Note...

In response to the mounting losses and damages due to climate change, the Vulnerable Twenty (V20) Group of Ministers of Finance and the G7 agreed to work towards a Global Shield against Climate Risks. Through its financing vehicles, the...

On the 9th of June 2023, the InsuResilience Global Partnership's Annual Forum was held in Bonn, Germany, and online – in a hybrid setting for the very first time – to reflect on the road travelled so far, achievements and the way ahead...

On 25th May, 2023 the 8th High Level Consultative Group of the InsuResilience Global Partnership reconvened with the aim of contributing to better protection against losses and damages from climate change. At the meeting, the leaders...

In 2022, efforts to tackle the impacts of climate-related disasters and scale financial protection have been stepped up, most notably through the launch of the Global Shield against Climate Risks at COP27. The InsuResilience Global...

The InsuResilience Annual Report 2022 offers a concise overview of the milestones and highlights under the framework of the InsuResilience Global Partnership throughout the last year, especially the development and launch of the Global Shield against Climate Risks. You can find information on where the Partnership stands in reaching the targets defined under Vision 2025 in the “InsuResilience at a Glance” article. The current state of the Partnership’s collective ambition to scale Climate and Disaster Risk Finance and Insurance (CDRFI) in vulnerable countries encompasses 29 active programmes with 475 projects in 123 countries worldwide. Thanks to these efforts, 190 million people were financially protected through CDRFI solutions as per end of 2022.

The 2022 Climate Risk Insurance Annual Report of the World Food Programme (WFP) highlights key insights and achievements from WFP-supported Climate Risk Insurance (CRI) programmes. It provides deep dives into WFP-supported CRI programmes in each country, as well as stories from the field, interviews with partners, and insights into how WFP promotes gender equality and women’s empowerment in its programmes. In 2022, WFP provided financial protection to over 3.8 million people across 21 countries in Africa, Asia, Latin America and the Caribbean, through climate risk insurance instruments. In regions affected by droughts, floods, and hurricanes, these insurance products provided much-needed payouts to support 1.8 million people with a total of US$12.6 million.

Annual Forum 2023Paving the Way for the Global Shield against Climate Risks 9 June 2023 | Bonn, Germany and onlineThe Annual Forum 2023 will be held as a hybrid event in Bonn, Germany, on 9 June 2023  For the sixth time, the InsuResilience Annual Forum brings together the Partnership and the broader resilience community to drive joint action on Climate and Disaster Risk Finance and Insurance (CDRFI). Since its inception in 2017, members of the InsuResilience Global Partnership have facilitated the roll-out of innovative solutions across the globe and brought the importance of pre-arranged finance on the international policy agenda. However, the global CDRFI architecture remains fragmented and the uptake of  solutions slow, while losses and damages from climate change keep mounting. The Global Shield against Climate Risks, a joint initiative between the V20 and G7, addresses these challenges by providing more systematic, coherent and sustained financial protection to climate-vulnerable countries. It builds on the variety of financial instruments tried and tested under the InsuResilience Global Partnership. The Global Shield will apply systematic and evidence-based analyses of protection gaps to design, fund and implement integrated packages of CDRFI, based on the principles of national ownership and coherent in-country coordination.  The Annual Forum 2023 enables policymakers, CDRFI experts and civil society representatives in and outside the Partnership to inform themselves and discuss about ways to become active under the Global Shield. Participants will also get a chance to learn more about the Global Shield’s financing structure and its three vehicles: The Global Shield Financing Facility, the Global Shield Solutions Platform and the CVF & V20 Joint Multi-Donor Fund.  Agenda Please note that the agenda may be subject to changes. To start off the day, the Co-Chairs of the InsuResilience Global Partnership invite the audience on-site and online to reflect on their road travelled so far and the way that lies ahead for the Climate and Disaster Risk Finance and Insurance community. Moderator Minu Hemmati will introduce the agenda and the upcoming sessions. Speakers: H.E. Seedy Keita – Minister of Finance and Economic Affairs, The GambiaHon. Dr. Henry Kokofu – Special Envoy of the CVF Presidency of GhanaDr. Heike Henn – Director Climate, Energy and Environment, Commisioner for Climate Policy and Climate Financing, German Federal Ministry for Economic Collaboration and Development Moderator: Minu HemmatiThe objective of this session is to set the scene for the Annual Forum by showcasing different perspectives on the Global Shield against Climate Risks in the broader context of Loss & Damage exacerbated by climate change. Representatives of the COP 28 Presidency, private sector, civil society, and donor countries will provide a 3-5 min impulse on their views on the Global Shield, its alignment with their own ambitions, and possibilities for engagement for greater and more impactful results. Speakers: Dane McQueen – Director, Programs and Partnerships, COP28Rowan Douglas – Director, Insurance Development ForumRed Constantino – Deputy Chair of the Expert Advisory Group, Climate Vulnerable ForumJean-Christophe Donnellier, French Member of the Transitional Committee on Loss and Damage   Moderator: Minu HemmatiThis session brings together experts and practitioners in the field of Climate and Disaster Risk Finance and Insurance to explore the Global Shield’s potential for more coherent, systematic and sustained financial protection in vulnerable countries. Various efforts have been launched and are still ongoing across various institutions under the InsuResilience Global Partnership to scale up prearranged financing and enable fast and reliable financial assistance of climate-affected communities. This session brings together key figures across this institutional landscape to collect first-hand practical experiences on opportunities and challenges in scaling up financial protection. The session will take a closer look at how the Global Shield’s in-country process and systematic coordination of financial and technical support can help unlock these opportunities and address key barriers. It will respond to the needs raised in the pre-ceding keynote speech, and provide valuable ideas for the further evolution of the Global Shield.  Speakers: Anne Kamau – Director, AB ConsultantsAholotu Palu – CEO, Pacific Catastrophe Risk Insurance CompanyJan Kellett – Corporate & Team Leader, UNDP Insurance & Risk Finance FacilityTheodore Talbot – Chief Economist & Associate Director, Centre for Disaster Protection Moderator: Minu HemmatiCountries with fragile and conflict-affected situations (FCS) are often particularly vulnerable when it comes to climate shocks, as in most cases, their situation further reduces coping capacities. Pre-arranged finance can provide useful solutions to access financing for faster and reliable disaster response and emergency relief for affected communities, lowering the overall cost of disasters. However, specific challenges and operational constraints might apply in these countries, such as the “money-out” systems that are needed to channel the financing to the affected communities and the affordability of solutions. Studies found that the more fragile a country is, the less climate finance it received, supporting the idea that climate finance is risk adverse and often not reaching the most vulnerable. This means highly vulnerable populations are often being left behind.  Financial protection in FCS is possible and can contribute to the overall resilience of the country. Therefore, in this session, we want to explore how the identified challenges and constraints can be addressed, based on learnings of the humanitarian community. We will look at existing examples and learn from experiences on the ground. Speakers:  Itoe Beryl Ikombe Panje – Secretary General, Ministry of Social Affairs CameroonBarbara Rosen Jacobson – Advocacy Advisory, Zurich Flood Resilience Alliance at Mercy CorpsEsther Muiruri – Delegate for South Sudan, German Red CrossJuliane Schillinger – Technical Adviser Climate & Conflict, Red Cross Red Crescent Climate CentreNicholas Bodanac – Food and Agriculture Organization of the United Nations Moderator: Kara Devonna Siahaan – Head, Anticipation HubAt COP27, a groundbreaking decision to establish new funding arrangements and a fund for responding to loss and damage was taken. The Global Shield against Climate Risks was welcomed as initiative in the preamble of the decision. Until COP28, a Transitional Committee will develop recommendations for the operationalization of the new funding arrangements und the fund. For this, priority gaps within the current landscape need to be identified and addressed. In this context, the Global Shield with its financing structure can mobilise and pool respective donor and other funds and enable a more systematic global approach to closing protection gaps specifically when it comes to dealing with climate risks. With the development and scale-up of pre-arranged instruments for rapid financial relief, it will help to cost-efficiently and effectively respond to loss and damage exacerbated by climate change. Climate and Disaster Risk Finance and Insurance (CDRFI) solutions are interlinked with early warning systems and adaptive social protection to develop tailored country packages adapted to the pre-identified gaps. Speakers:  Red Constantino – Deputy Chair of the Expert Advisory Group, Climate Vulnerable Forum Paul Desanker– Manager, Adaptation Programme, United Nations Climate Change (UNFCCC) Martin Kipping – Head of Division, Climate Policy, BMZ Chikondi Chabvuta – Advocacy and Partnerships Coordinator Southern Africa, CARE International Shakira Mustapha – Research Lead, Centre for Disaster Protection  Moderator: Janna Frischen – Advisor, GIZIn 2021, The Evidence Roadmap was published with the objective to strengthen the evidence base for Climate and Disaster Risk Finance and Insurance impacts. This session looks into the latest evidence for macroeconomic effects of CDRFI and how it can inform the set-up of the Global Shield and V20 Climate Prosperity Plans.  The session includes a keynote presentation from academic representatives on a recent publication and is followed by a discussion among panelists and participants. Closing words on next steps for the Evidence Roadmap will be delivered by Sönke Kreft, Executive Director of the Munich Climate Insurance Initiative and Co-Chair of the InsuResilience Impact Working Group (tbc). Speakers:  Stephane Hallegatte – Senior Climate Change Advisor, World BankKrishnan Narasimhan – Global Lead Specialist, Climate Disaster Risk Financing and Insurance, UNCDFSinja Buri – Team Lead Solutions and Practice Partnerships, Munich Climate Insurance InitiativeTheodore Talbot – Chief Economist & Associate Director, Centre for Disaster ProtectionThis session will explore the role of the private sector in the Global Shield against Climate Risks and discuss how different private actors can evolve in contributing to the processes and solutions under the Global Shield. The first part of the session will take a closer look at methods of risk modelling and how this can help to quantify gaps for solutions. The participants will take part in an interactive learning of risk modelling where different scenarios in different regions are played out.    ​The second part will go into a discussion of existing gaps and how inclusive insurance schemes could look under the Global Shield. For this, the session will showcase an example from Kenya. Key to the outcomes of the session will be the discussion of the speakers together with the audience about the role of the private sector for the design of inclusive insurance schemes, the market setting, and guiding principles for processes from data collection and risk modelling, to implementation and collaboration with partners in other sectors. Speakers:  Nick Moody – Coordinator of Risk Modelling working group, IDF (& GRMA)Saurabh Sharma – Representative, BritamPishenbay Umirbekov – Programme Coordinator, UNDP (Uzbekistan) Moderator: Jennifer Phillips – Advisor, InsuResilience SecretariatThis session is an opportunity to share with the InsuResilience community the Accra-Marrakech Agenda to revolutionise risk management for our climate insecure world including to double down efforts to put in place anticipatory finance (pre-arranged and trigger-based funds) for loss and damage and mainstream surveillance and monitoring of climate risks of all kinds (physical, transition, spillover) in International Financial Institution (IFI) finance and credit rating practices, including through the landmark G7-V20 Global Shield against Climate Risks. The Global Shield is the financial protection element of V20-led Climate Prosperity Plans. Speakers:  Abena Takiywaa Asamoah-Okyere – Technical Advisor, Ministry of Finance, GhanaNilesh Prakash – Advisor, V20 SecretariatSara Jane Ahmed – Finance Advisor, V20 SecretariatFoster Gyamfi – Principal Economics Officer, Ministry of Finance, GhanaDenise Fontanilla – International Program Director, Institute for Climate and Sustainable Cities Moderator: Alexandra Mieth – V20 Policy Support, MCII, UNU-EHS  Participants will get a chance to have a look at posters presented by selected members on their work and network during the coffee break.The session brings together representatives of the three Global Shield Financing Vehicles with the purpose of providing better understanding on how the vehicles work and complement each other to achieve more coherent, systematic and sustained financial protection in vulnerable countries. This will be done through short presentations by each vehicle of the mandates, approaches and instruments of types of support they offer, as well as exploring the decision process of how country requests are channelled to the different financing vehicles and how solutions packages would be designed in response. The presentations will be followed by an open Q/A session, during which members of the audience (in person and virtual) will have an opportunity to engage with the speakers to ask questions and / or clarify remaining doubts. Speakers:  Annette Detken – Head of the Global Shield Solutions PlatformKarsten Löffler – Co-Head of the Global Shield Solutions PlatformSimon Hagemann  – Financial Sector Specialist, World Bank, Global Shield Financing FacilityKaavya Ashok Krishna – Senior Financial Sector Specialist, World BankGurel Gurkan – Head of Programme, UNOPSSara Jane Ahmed – Finance Advisor, V20 Secretariat Moderator: Daniel Stadtmüller – Team Lead, InsuResilience SecretariatThis session seeks to briefly highlight concrete examples of how gender considerations have been integrated into three example CDRFI programmes from a policy and product perspective, and in both macro and micro-level CDRFI models. The examples will be drawn from United Nations Development Programme’s (UNDP) Insurance and Risk Financing Facility (IRFF); the United Nations Capital Development Programme (UNCDF) Pacific Insurance and Climate Adaptation Programme (PICAP); and the World Food Programme (WFP). The three organizations all received support on gender-smart Monitoring & Evaluation (M&E) of CDRFI programmes through the pilot InsuResilience Centre of Excellence on Gender-Smart Solutions (CoE) Technical Advisory Facility (TAF). The TAF aims to support and scale up the practical application of knowledge on gender-smart CDRFI solutions through the provision of virtual one-on-one tailored advice from the IGP CoE.   Speakers:  Tuga Alaskary – Technical Specialist Risk Financing, Insurance and Risk Financing Facility (IRFF) at the United Nations Development Programme (UNDP)Krishnan Narasimhan – Lead Specialist, Climate Disaster Risk Financing and Insurance, UN CapitalDevelopment Fund Moderator: Katherine Miles – Gender Consultant, InsuResilience Global PartnershipIn the closing remarks, Dr. Astrid Zwick will summarise key impressions of the day, and provide a brief overview of what comes next with the Global Shield and how the community can get involved. Speaker: Dr. Astrid Zwick – Head of InsuResilience Secretariat Moderator: Minu Hemmati How to participate Registrations for participation on-site in Bonn, Germany, are already closed. However, you can still sign up to our event platform to follow the event online. If you already signed up for the event and would like to change your registration, or if you encounter any problems accessing the live stream, please contact us. You might also be interested in these pagesHLCG The High-Level Consultative Group (HLCG) sets the strategic direction of the Partnership and provides a global strategic vision for the evolution of the climate and disaster risk finance and insurance agenda.Global Shield In partnership, the V20 and the G7 want to further scale up action and support to address the urgent needs of poor and vulnerable people and countries facing increasing risks of losses and damages from climate change through a Global Shield against Climate Risks.About the IGP To learn more about the vision and mission of the InsuResilience Global Partnership, as well as our work structure, visit our about us page.Programmes & Projects The InsuResilience Global Partnership supports a number of programmes and projects related to climate and disaster risk finance and insurance. Learn more about them by exploring our world map.