Re/insurance at heart of disaster & climate risk discussions
Wednesday, 06 24 2015, Category: Insurance and Reinsurance, Country: World
Insurance and reinsurance remained at the heart of recent discussions on disaster and climate risk reduction and resilience efforts at the United Nations, with regulatory reform highlighted as required to make risk transfer more available.
In the last few years the activity surrounding climate and disaster risk has accelerated and the insurance and reinsurance industry has gained a seat at the very highest levels of this discussion.
Last week, the International Insurance Society held its annual event in New York and a number of panels were held at the United Nations in the city, as insurance came together with global political will to push for solutions to make disaster and climate risk transfer more available to the world’s poor.
Secretary General of the UN, Ban Ki-moon, welcomed the involvement of the insurance and reinsurance sector in the discussion of sustainable development goals, saying; “It is encouraging to see the commitment of the insurance community from over fifty countries to advance the global sustainability agenda. This is a critical year for action. ”