Lagos State Goes Live with Parametric Flood Insurance Policy, Protecting up to 4 Million People
The Lagos State government has contracted a parametric flood-risk insurance policy in the Nigerian insurance market, covering up to 4 million vulnerable people and securing up to USD 7.5 million for flood response and recovery.
Ecuador contracts first parametric insurance for climate-vulnerable farmers, with Germany, UNDP, ISF and IDF support
Ecuador has contracted its first parametric agricultural insurance policies, benefitting up to 10,000 people in smallholder rice and maize farming households against extreme rainfall and drought-risk.
Insurance Development Forum publishes 10-Year Anniversary 2025 Annual Review: A Decade of Action and a Call to Scale
Ecuador has contracted its first parametric agricultural insurance policies, benefitting up to 10,000 people in smallholder rice and maize farming households against extreme rainfall and drought-risk.
Insurance Development Forum appoints UNDP’s Alexander De Croo and World Bank Group’s Tsutomu Yamamoto as Public Sector Co-Chairs of its Steering Committee
The Insurance Development Forum (IDF) is pleased to announce the appointment of Alexander De Croo, Administrator of the United Nations Development Programme (UNDP), and Tsutomu Yamamoto, Managing Director of the Multilateral Investment Guarantee Agency (MIGA).
Insurance Development Forum Paper Calls For Comprehensive, Coordinated, Multi-Party Action by Public and Private Sector Actors to Increase Insurability to Close Protection Gaps
Each year, more than $180 billion in losses from natural catastrophes go uninsured – new Paper calls for action on over 50 recommendations to strengthen resilience and reduce protection gaps
Insurance Development Forum announces first close of Infrastructure Resilience Development Fund for resilient infrastructure projects in emerging and developing economies
A first close of the fund raised USD $340 million, including a substantial commitment from the International Finance Corporation (IFC) and the IDF members who developed the fund blueprint.
IDF Insurance Team Delivers Tripartite Programme Parametric Flood Insurance Solution for Lagos State Government
Key milestone achieved in the Tripartite Programme’s sub-sovereign risk transfer project, advancing climate resilience for vulnerable communities and building future-ready nations
IDF – Bridgetown Initiative Partnership Launches Proposals to Activate Insurance as a Catalyst for Resilience, Development and Sustainable Growth
New paper proposes concerted action for insurance to significantly narrow the protection and climate finance gaps in vulnerable economies.
Combining Expertise and Financing Solutions from Public Development Banks and Insurers to respond to Climate Risk
IDRIMA, the Integrated Disaster Risk Management Alliance formed by the Insurance Development Forum and AFD Group (Agence Française de Développement and Expertise France), teamed up with Marsh McLennan to create this paper.
Let’s Build Future-Ready Nations: IDF Shares 2030 Strategy and Brand Refresh at 10-Year Anniversary Summit
The Insurance Development Forum (IDF) marked its 10th anniversary at the IDF Summit 2025 last week, under the theme “Celebrating 10 Years – Imagine the possible”.
Insurance Development Forum and Bridgetown Initiative Announce Strategic Partnership to Drive Deeper Integration of Insurance into Climate, Development and Resilience Finance Frameworks
The Insurance Development Forum (IDF) and the Bridgetown Initiative today announced a strategic partnership at the IDF Summit 2025.
Insurance Development Forum Launches Suite of Free, Open Access Risk Modelling Tools for Climate and Disaster Risk Analysis
Delivers on commitment to drive global access to risk understanding for resilience.
Landmark public-private insurance scheme for Smallholder Horticulture Farmers launched in Uzbekistan
The Insurance Development Forum (IDF) members Europa RE and Swiss Re, and the United Nations Development Programme (UNDP) with support from BMZ through the InsuResilience Solutions Fund (ISF), launched new agricultural insurance products today.
Launch of US$9.25M Climate Risk Insurance to Protect Vulnerable Communities from the Impacts of Drought in Syria
The Insurance Development Forum (IDF) is pleased to highlight a significant milestone in climate risk insurance with the launch of a US$9.25 million macroinsurance policy for Syria that will trigger a payout in the event of a drought in strategic food production areas, designed to support the World Food Programme’s (WFP) operations in one of the world’s most vulnerable regions.
Ivo Menzinger succeeds Rowan Douglas CBE as Chair of the Insurance Development Forum’s Operating Committee
The Insurance Development Forum (IDF) is pleased to announce the appointment of Ivo Menzinger, Managing Director of Public Sector Business at Swiss Re, as Chair of its Operating Committee (OpCo).
Insurance Development Forum and French Development Agency Launch – IDRIMA – a Groundbreaking Integrated Disaster Risk Management Alliance
The Insurance Development Forum (IDF) and the French Development Agency Group (Agence Française de Développement and Expertise France – together “AFD Group”) are delighted to announce the formation of the Integrated Disaster Risk Management Alliance (IDRIMA).
IDF and World Bank Launch Knowledge Sharing Partnership
The Insurance Development Forum (IDF) is excited to share an implementation update in the form of the launch of a unique and innovative Knowledge Partnership with the World Bank’s Global Shield Financing Facility (World Bank GSFF).
Insurance Development Forum Announces Plans to Facilitate Investments in Resilient Infrastructure in Developing/Emerging Markets
Insurer-led organisation seeks to drive greater mobilisation of insurance sector capital and more impactful insurance sector investments into resilient infrastructure in emerging and developing economies.
Media Communique: Insurance Development Forum Highlights The Role of Insurance in Resilience and Adaptation at COP28
The 2023 United Nations Climate Change Conference of the Parties (COP28) negotiations in Dubai recently concluded, with mixed outcomes for climate-vulnerable countries, the key stakeholder group in the Insurance Development Forum (IDF).
Summit announcement
UN, insurance and academic leaders sign agreement to draw upon insurance data and expertise to advance climate and disaster risk analytics and help mobilise finance for adaptation.
7 Country Missions Completed Successfully as Part of Phase 1 Programme for Anticipatory Action and Disaster Risk Reduction
As the climate emergency continues to pose worldwide challenges, millions in communities vulnerable to hazards will be increasingly impacted in the aftermath of disasters unless further tangible disaster risk reduction steps are taken London, 2nd November, 2023: The Insurance Development Forum (IDF), a public-private partnership led by the insurance industry and co-chaired by the UN, […]
UN, insurance and academic leaders sign agreement to draw upon insurance data and expertise to advance climate and disaster risk analytics and help mobilise finance for adaptation
Signed at the IDF Summit, Global Resilience Index Initiative secures new agreements and funding to provide open, globally consistent climate risk data for governments and financial institutions to scale-up climate adaptation, resilience and loss and damage finance and protect exposed communities and economies.
Flood Risk Modeling to Support Risk Transfer: Challenges and opportunities in data-scarce contexts
The “Flood Risk Modeling to Support Risk Transfer: Challenges and opportunities in data-scarce contexts” report reviews the processes and challenges in developing flood risk models to support disaster risk financing and insurance and proposes guidelines for risk modeling and risk monitoring in support of flood risk transfer instruments for data-scarce contexts.
COP27: IDF Media Communique
Adaptation and Resilience were the IDF’s strong focuses at COP27 as, together with its global partners, it announced a new Tripartite sovereign risk transfer programme for Nigeria, milestones in the development of the Global Resilience Index Initiative, and the Global Risk Modelling Alliance’s adoption as a key tool for the Global Shield.
COP27: Global Risk Modelling Alliance Selected as Key Resource for the Global Shield Initiative
COP27: Global Risk Modelling Alliance Selected as Key Resource for the Global Shield Initiative; further EUR 10 million funding provided; Pakistan Announced as first Pathfinder Country.
Global Resilience Index Initiative (GRII) launches Demonstrator
The GRII, to be fully launched at COP28, will provide open reference data, metrics and projections of all countries worldwide. This critical missing layer of the world’s information architecture is key to reshaping development, managing risk and saving millions of lives and livelihoods – both in our climate today and decades ahead.
Public-Private Partnership Launched to Develop Urban Flood Risk Cover for Lagos State in Nigeria
The Insurance Development Forum (IDF), the United Nations Development Programme (UNDP), the German Government, and the Lagos State Government in Nigeria today launched a EUR 1.6 million project to develop a sub-sovereign risk transfer scheme to provide flood risk cover for Lagos State, Nigeria.
IDF SUMMIT 2022: Media Communique
The Insurance Development Forum (IDF) today announced a trio of key efforts launched during the IDF Summit 2022, which was convened at the Swiss Re Centre for Global Dialogue in Rüschlikon, Zurich, Switzerland.
Public-Private Partnership to Develop Flood Insurance and Build Financial Resilience in Ghana
Launched by UNDP, the German Government and the Insurance Development Forum (IDF)
Insurance Development in Emerging Markets: The role of public policy and regulation
Over the past few decades, the economies of many emerging markets have grown rapidly, lifting millions out of poverty and creating a growing middle class.
Risk modelling standards and best practices for companies engaged in IDF projects
The IDF aims to accelerate the spread of risk understanding as a foundation for the achievement of the UN Sustainable Development Goals and economic/market development.
Michel M. Liès to succeed Denis Duverne as Chair of the Insurance Development Forum’s Steering Committee
The Insurance Development Forum (IDF) is delighted to announce the appointment of Michel M. Liès as its next Steering Committee Chair.
Tripartite Project Launched in Mexico by Ministry of Finance and Public Credit, the IDF, UNDP and the German Government, to develop an insurance programme to protect climate vulnerable farmers
The Government of Mexico, through the Ministry of Finance & Public Credit, the Insurance Development Forum (IDF), the United Nations Development Programme (UNDP) and the German Government, today announced the launch of a Tripartite project in Mexico to develop a sovereign parametric insurance solution for climate-vulnerable smallholder farmers, supported by investments in long-term risk finance and insurance market development.
German government to enhance sovereign risk and resilience insight in partnership with the Insurance Development Forum and V20 climate-vulnerable countries
As the IPCC is set to publish its findings on climate change adaptation, the German government commits an additional EUR 21 million to enhancing resilience to climate risks and improving climate risk analytics.
IDF partners with MapAction and Start Network to support their efforts in eight climate-vulnerable countries
Strengthening the commitment to the aim of the Risk-informed Early Action Partnership, IDF industry members launch an Anticipatory Action and Disaster Risk Reduction Initiative, funding a collaboration between MapAction and Start Network.
COP26: IDF and V20 Announce Partnership in Risk Understanding to Build Global Resilience to Climate Risk; IDF Announces other Multi-Partner Resilience Actions
COP26 will see the signing of a formal partnership between the IDF and the V20 Group of Ministers of Finance and establishment of the Global Risk Modelling Alliance; the announcement of the Global Resilience Index Initiative; and a partnership with Start Network.
UN Secretary General issues call to action for insurance ahead of COP26
In his closing remarks for the IDF Summit 2021, Secretary General of the United Nations, António Guterres laid out four steps forward for the insurance sector to advance the global resilience and mitigation agenda in the face of climate change.
Weathering Climate Risk: V20 Group and the IDF call for joint collaboration and international support to strengthen global physical climate risk management capabilities
The IDF and the Vulnerable 20 (V20) Group of Ministers of Finance announced their intention to advance on the creation of the Global Risk Modelling Alliance by COP26 in Glasgow and called on the G7 and the G20 to support this effort.
IDF Insuring Resilience report on Critical Legal, Regulatory and Policy Architecture
There is growing recognition of the important multi-faceted role that the insurance industry can play in enhancing the resilience of individuals, businesses, communities and nations to climate change and other natural catastrophes.
IDF Summit 2021: Insurance Sector Ramping Up its Critical Role in Accelerating Global Climate Resilience
The June IDF Summit on the theme ‘Building Resilience in a Riskier World’ gathered global leaders in the lead up to COP26 in Glasgow, to discuss how insurers and the public sector can act together to build climate resilience.
IDF Launches Tripartite Project for city of Medellín, Colombia
The Insurance Development Forum (IDF) announced the launch of a programme to develop a parametric flood and earthquake product, as well as an indemnity landslide protection in Colombia, for the city of Medellín as part of its Disaster Risk Management Plans.
High profile speakers to address the IDF Summit 2021 on industry and public sector response to climate change
The Insurance Development Forum (IDF) announces today the inaugural IDF Summit 2021 taking place virtually on 7th – 8th June 2021.
The Power of Technology to Close the Microinsurance Protection Gap
The latest IDF report demonstrates the power of innovation and technology in closing the protection gap at micro-level.
The Development Impact of Risk Analytics
Latest IDF White Paper ‘The Development Impact of Risk Analytics’ demonstrates the importance of risk insight as a foundation for sustainable development, and how access to risk understanding can – and should – be accelerated.
IDF launches white paper: ‘Technology and Innovation: Tools to help close the Protection Gap in Microinsurance Markets’
Launch of White Paper ‘Technology and Innovation: Tools to help close the Protection Gap in Micro-Insurance Markets’ explores how technology can be used to deliver insurance solutions, particularly in developing countries.
IDF launches ‘Development Impact of Risk Analytics’ report and campaign
Latest IDF White Paper ‘The Development Impact of Risk Analytics’ demonstrates the importance of risk insight as a foundation for sustainable development, and how access to risk understanding can – and should – be accelerated.
IDF launches first Tripartite Project for Peru
Insurance Development Forum starts first Tripartite Agreement Project to develop an insurance program for Peru’s public schools.
How Technology can Help Bridge the Protection Gap
The Insurance Development Forum (IDF) has called for action to facilitate the use of technology to close the protection gap – defined as the difference between the amount of insurance coverage that is economically beneficial and what is actually purchased – worldwide, particularly regarding sovereign and sub-sovereign risks.
The IDF Practical Guide to Insuring Public Assets
Infrastructure is an essential ingredient for the success of a modern economy that positively impacts output, productivity and long-term growth.
Climate Summit Press Release
UN Development Programme, Germany, UK and Insurance Development Forum announce commitments to increase insurance protection in climate-exposed countries in line with the InsuResilience Vision 2025 goals.
The Insurance Development Forum becomes a Supporting Institution of the United Nations Environment Programme Finance Initiative (UNEP FI) Principles for Sustainable Insurance (PSI)
The Insurance Development Forum (IDF) is pleased to announce its commitment to the UNEP FI Principles for Sustainable Insurance (PSI) by becoming a supporting institution.