InsuResilience Global Partnership - Working Groups
Our working groups facilitate the exchange of new ideas and expertise between all members of the InsuResilience Global Partnership. The Secretariat encourages members to actively engage with core topics related to climate and disaster risk finance and insurance (CDRFI) from academic and practical perspectives, such as access to risk data, capacity building, gender-responsiveness, innovation and new product development, etc. The results feed into the Partnership Forum and inform the High-Level Consultative Group (HLCG). To streamline these efforts and bundle respective member contributions, the Secretariat currently coordinates four working groups on:
- Integrated Approaches
Working groups are set up on a demand-driven basis to focus on themes that warrant more in-depth attention, drawing on the membership as well as individual experts. The working groups can develop principles, strategic approaches and technical concepts that can serve as orientation for the Partnership.
Gender Working Group
The formation of a gender working group under the Partnership was mandated at the first High-Level Consultative Group (HLCG) meeting in December 2018. HLCG members recognised the importance of including gender-responsive strategies within climate and disaster risk finance and insurance (‘CDRFI’) solutions. The Gender Working Group held its first kick-off call on the 14th of August 2019, jointly chaired by Global Affairs Canada and CARE International.
Recognising that women can be powerful agents of change when given access and control over resources, the aim of the Gender Working Group is to integrate gender dimensions as a crosscutting objective in the Partnerships’ commitment and activities, as reflected in the Vision 2025. As part of their mandate, the Gender Working Group provides strategic guidance and support to the members of the Partnership and assist with the operationalisation of gender-responsive and –sensitive strategies.
In recent activities, the Secretariat highlights various key recommendations stemming from a published gender background paper and newly written detailed analytical study that set out clear objectives until 2025. The Working Group has also developed a Commitment Statement and accompanying Action Plan for endorsement by the HLCG to address differential gender impacts through CDRFI in the operationalisation of the Partnership’s Vision 2025.
A set of webinars will take place during the year to further disseminate the findings of the above-mentioned studies and provide an opportunity to open a dialogue to deep dive into the key recommendations.
Links to studies / further products:
- 2021: Glossary of Key Terms and Concepts for Gender, as it Relates to Climate and Disaster Risk Finance and Insurance
- 2021: LIVE TALK 03: How to Implement Gender-Related Climate Risk Finance Commitments and Strategies on the Ground?
- LIVE TALK 03 – Recording: Link
- 2020: LIVE TALK 02: Demonstrating Impact: How to monitor and evaluate gender-responsive Climate and Disaster Risk Finance and Insurance?
- LIVE TALK 02 – Recording: Link
- 2020: LIVE TALK 01: Integrating Gender Responsive Strategies into Climate and Disaster Risk Finance and Insurance Solutions
- LIVE TALK 01 – Recording: Link
- 2019: Integrating Gender Considerations into Different Models of Climate Risk Insurance (CRI)
- 2018: Applying a Gender Lens to Climate Risk Finance and Insurance
In 2018, the focus of this group was the development of pro-poor principles for the InsuResilience Global Partnership. The inclusive and consensus-based multi-stakeholder approach included a submission of ideas, webinars and a workshop to discuss and draft the principles. The pro-poor principles were endorsed by the HLCG in June 2019.
In 2020, the InsuResilience Secretariat is working towards the development of a comprehensive Monitoring, Evaluation and Learning (MEL) framework. The goal is to guarantee efficient and effective MEL processes, identify successful approaches and measure the impact of the Partnership under its Vision 2025. This includes an annual survey across all programmes that contribute towards the goals of the InsuResilience Global Partnership. In the ambitious Vision 2025, the Partnership has set six result areas with corresponding targets which reach from counting beneficiaries to the overall impact on resilience. By 2025, the total share of risk covered by risk-finance and insurance arrangements shall be increased as well as the number of countries with comprehensive disaster risk-finance strategies in place.
One important dimension to be assessed is the increased development or human impact through the implementation of risk finance and insurance solutions under the Partnership. Part of this are gender specific solutions, based on the fact that women experience disproportionate exposure to climate and disaster risk. Careful monitoring will assist in this regard.
To provide viable monitoring of the target lines, indicators and evaluation approaches for each target under Vision 2025 are under development. These approaches will be reviewed and endorsed by members of the working group. The goal is to establish a tool that incorporates both the data reporting and the analysis. This will enable the Secretariat to withdraw important learnings from the development of the projects to inform future decisions and ideas. To deliver better insights on the impact dimension, the Partnership will conduct and commission research applying the full toolbox of impact evaluation under a coordinated evidence roadmap.
The M&E workstream is overseen and coordinated in the impact working group, that was reconstituted together with MCII in April 2020.
Links to studies / further products:
The working group on integrated approaches for climate and disaster risk management aims to support the Partnership’s vision to embed risk finance and insurance in comprehensive risk management, and thereby promote long-term resilience gains of vulnerable people. The mandate of the working group is to generate and disseminate knowledge on new and existing approaches that integrate disaster risk financing / insurance elements with other risk management components, ideally helping to overcome ‘either/or’ trade-offs between investments in risk reduction, preparedness or risk transfer. The working group therefore promotes the idea of ‘resilience dividends’, suggesting tangible options to capture them and bringing corresponding solutions closer to implementation.
In recent activities of the working group, the InsuResilience Secretariat has commissioned a study on the opportunities, challenges and potential forms of bundled solutions between nature-based defences (or ecosystem-based adaptation) and insurance. Moreover, the Secretariat has supported Mercy Corps with a feasibility study for a resilience financing structure in Semarang, Indonesia, with the objective to strengthen the city’s physical resilience to flooding. Within this project, Mercy Corps examined various options to strengthen flood resilience in Semarang, and on this basis assessed different options to generate the necessary financing, drawing from impact bonds and similar structures.
In addition, the Secretariat has supported TNC in examining the resilience impact on poor and vulnerable people of combining coral reef restoration with insurance. This activity builds on the ongoing collaboration between TNC and Munich Re on designing bundled solutions that combine risk transfer with investments in nature-based defenses. Going forward, the Secretariat will discuss further options for focused work with the group. One priority will be to explore follow-up work from the studies mentioned above; beyond that, other integrated approaches should be taken up as well, such as the integration of anticipatory action and risk financing/insurance through forecast-based financing instruments.
Links to studies / further products:
- Flood Resilience and Livelihoods Development – Building Back Better: Using Innovative Finance to support Climate Resilience and COVID-19 Recovery in Indonesia
- Ecosystem-based Adaptation and Insurance: Success, Challenges and Opportunities
- The Value of Reefs for Protecting the Most Vulnerable Populations in the Dominican Republic, Jamaica and Grenada
- Summary Report on the web-talk: Risk Financing and Nature-Based Solutions: Linkages and Opportunities for Integrated Approaches
- Summary Report on the web-talk: Early Warning Systems and Risk Financing: Opportunities for Enhancing Anticipatory Action