Understanding risk to create resilient platforms for sustainable growth and human dignity.


What are the IDF priorities and targets?

The IDF will initially focus on building greater resilience to climate and natural hazards risks in line with the G7 InsuResilience target of extending climate risk insurance coverage to an additional 400 million people across vulnerable countries by 2020. To achieve this target the IDF will coordinate and implement insurance related risk management capabilities across the following two priority working initiatives:

  • Technical Assistance Facility (TAF) – The TAF will develop a platform that helps governments assess and understand their risks and develop and deploy effective integrated insurance solutions tailored to their unique challenges. The TAF will serve as a central mechanism to integrate all relevant IDF activities with the aim of helping governments extend insurance coverage to 300 million of the world’s most vulnerable people.
  • Microinsurance – The Microinsurance initiative will work together with private, mutual, governmental and civil society partners to extend relevant ‘on-the-ground’ insurance solutions to an additional 100 million vulnerable people.

While the IDF will initially contribute to the achievement of the G7 InsuResilience target, its scope is expected to expand in time to include additional insurance-related priorities across the wider UN Agenda 2030.