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Facing growing natural disaster risk - UN, World Bank and insurance industry endorse G7 InsuResilience target and approve framework for more resilient societies

Source(s): Business Wire
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The Insurance Development Forum (IDF), a new public-private partnership between leaders of the United Nations (UN), the World Bank Group, and the insurance industry, announced today it has won support for an insurance-based risk management strategy to promote economic recovery and resilience to climate events and natural disasters in vulnerable regions. The IDF decided to contribute to achieving the G7 InsuResilience target of 400 million of the most vulnerable people in developing countries being provided with increased access to direct or indirect insurance coverage against the impacts of climate change and related natural catastrophes by 2020.

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Themes Private sector Insurance and risk transfer Economics of DRR Social impacts and social resilience Inclusion
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