Understanding risk to create resilient platforms for sustainable growth and human dignity.
IDF Working Groups include over 200 experts and practitioners from industry, governments, international institutions, NGOs and academia have been engaged across different priority areas since April 2016. These priorities are assessed and driven forward by seven dedicated working groups whose evolving membership is drawn from private and public institutions.
Indicators and Development Metrics for Resilience and Insurance
Chair: Marc Gordon, United Nations Office for Disaster Risk Reduction (UNISDR) and Christian Thimann, AXA
Developing and monitoring the metrics to track, and measure the impact of, the insurance industry's contribution to the achievement of the goals and targets of the Sendai Framework, Sustainable Development Goals (SDGs) and the Paris Agreement, and to the strengthening of societal resilience. Outputs will support informed decision-making by both the public and private sectors to strengthen protection and resilience. More specifically, the working group will address the concrete ‘transmission mechanism’ between demand and supply—i.e. what is needed to improve resilience and what the insurance sector can offer as contributions, and thereby lay out how the industry and the public sector can bridge the gap.
Insurance Communications
Chair: Fid Norton, XL Catlin
Amplifying the IDF’s key messages by supporting coordinated, targeted and influential communication to the IDF’s many external stakeholders, while supporting efficient internal communication among the IDF’s Working Groups, Management Committee and Secretariat members.
Insurance & Humanitarian System (IHS)
Co-Chairs: Kenn Crossley, World Food Programme and Sophie Evans, Willis Towers Watson
Providing policy support and broker technical assistance to help humanitarian actors establish and scale-up appropriate insurance tools to complement current financing mechanisms, improving the predictability, cost efficiency and value added impact of humanitarian programmes.
Insurance Regulation & Resilience Policies
Chair: Bill Marcoux of DLA Piper
Developing accessible insurance regulation and public policy frameworks that enable and enhance sustainable development and economic and social resilience to large-scale disasters. Initial focus areas include developing a catalogue of regulatory and policy issues that impact the use of risk management tools in vulnerable nations and engaging with supervisors to create a regulatory framework that local governments can use to further develop their legal and regulatory platforms.
Microinsurance
Co-Chairs: Shaun Tarbuck, ICMIF and Dr. Joan Lamm Tennant, Blue Marble Ventures
Driving and enhancing coordination and collaboration on microinsurance projects and to maximize the impact and efficiency, both in technical assistance and funding, of resilience-building programs which are operating in local communities vulnerable to climate change.
Risk Modelling & Mapping Group (RMMG)
Co-Chairs: Ian Branagan, Renaissance Re and Dr. Alanna Simpson, World Bank’s Global Facility for Disaster Risk Reduction
Improving global understanding and quantification of disaster risk, particularly in developing countries, to support and enable decisions on its mitigation, adaption and transfer. The focus is on creating a sustainable and accessible framework that promotes risk understanding and quantification to increase demand for, and efficient supply of disaster risk financing and to inform risk-aware development and mitigation.
Please see RMMG for further information on the RMMG workstreams and contacts.
Technical Assistance Facility (TAF)
Chair: Ivo Menzinger, Swiss Re
Establishing a Technical Assistance Facility (TAF) for sovereign and sub-sovereign risk transfer supported by the insurance industry, donor governments, the World Bank and the UN, which will help low-and middle-income governments as well as humanitarian actors to better understand their risks and to deploy effective integrated insurance solutions tailored to their unique challenges.