Knowledge Partnership
In 2024, the IDF established a strategic Knowledge Partnership with the World Bank Global Shield Financing Facility (GSFF), for World Bank country clients.
The programme aims to provide access to insurance industry expertise to government officials to enhance countries’ understanding of not only the solutions but also the capabilities that the industry can offer, and to pursue a knowledge exchange, also with World Bank executives.
The IDF-World Bank GSFF Knowledge Partnership focuses on three core pillars:
- Project-Specific Knowledge Exchange: Sharing technical insights on Climate Disaster Risk Finance and Insurance (CDRFI) solution design and implementation, to enhance future projects.
- Thematic Knowledge Partnership: Creating public good materials with joint intellectual leadership from the IDF and World Bank GSFF, exploring innovative CDRFI solutions for vulnerable countries.
- Executive Education: Leveraging IDF and World Bank GSFF expertise to strengthen CDRFI capacity building, including risk modelling, risk prevention, risk financing, the role of domestic insurance markets, and public-private collaboration.
The partnership delivers a series of remote and in-person sessions yearly, with the Knowledge Day held on the margins of the IDF Summit.
2025 Insurance Development Forum & World Bank Knowledge Day
The 2025 Knowledge Day was held in June in Venice, covering topics like comparing parametric and indemnity insurance, and embedding risk reduction within DRF approaches. It included contributions from IDF insurance industry members and from the prestigious Bocconi University.
2024 Insurance Development Forum & World Bank Knowledge Day
The inaugural IDF-World Bank GSFF Knowledge Day was held in June in London, on the margins of the IDF Summit.
