Latest from the IDF after the Sharm COP27 event;
Adaptation and resilience were the strong focus of the IDF and its partners at COP27 as we continued our mission to optimise and extend the use of insurance and its related risk management capabilities to build greater protection for people that are vulnerable to disasters with the following key announcements:
– The Global Risk Modelling Alliance (GRMA), a joint public-private technical assistance programme with a mission to address the global shortage of climate and disaster risk information, announced that it was selected as Key Tool to Support the Global Shield Against Climate Risks Initiative, backed by the V20 and the G7. In addition, an additional EUR 10 million in funding for the GRMA was confirmed, and Pakistan was announced as the first pathfinder country for the initiative. Access the announcement in full.
– The Global Resilience Index Initiative (GRII), a multi-partner taskforce, announced during the COP27 World Bank Plenary Session on 12th November key milestones in its development towards an open, standard set of climate metrics and data to measure risks to communities, infrastructure and ecosystems. Access the announcement in full.