Harnessing the full potential of the insurance industry in disaster risk management
This paper introduces an insurance industry commitment in support of the process to develop the post-2015 framework for disaster risk reduction. It describes: (i) the insurance industry's involvement in managing disaster risk, whether it stems from natural, biological or technological hazards; (ii) the critical roles played by the insurance industry plays in providing financial protection and security to at-risk communities to support, and preserve the gains of, social and economic development; and (iii) the global insurance industry initiatives, principles and statements in disaster risk management, including climate change risk management, and as part of the broader sustainable development agenda.