Understanding Risk to Create Resilient Platforms for Sustainable Growth and Human Dignity IAIS Global Seminar Budapest, 17 June 2016

Leveraging insurance and its related capabilities to build platforms for resilient growth

IDF Context & History June 2014IIS UNISDR Summit on Disaster Resilience, London Sept 2014Political Champions Group on Resilience: Working Group to on Insurance UN Climate Summit, New York March 2015UN Sendai Framework on Disaster Risk Reduction April 2015IDF Inception Meeting, Washington DC. IDF Consultation launched June 2015UN-Insurance Summit, New York UNHQ, with UN Secretary General (IDF Consultation) July 2015Stephen Catlin appointed IDF Chair UN Financing for Development Meeting, Addis Ababa September 2015IDF consultation reports in margins of UN General Assembly & SDGs December 2015 IDF announced at Paris CoP 21 – Opening Day Ceremony April High Level Forum on Resilience, with UNSG at UNHQ organised by Geneva Association IDF Inception Meeting, Washington DC: IDF Co-chairs appointed; IDF Working Groups est. May 2016 IDF Steering Group announced UN World Humanitarian Summit, Istanbul June 2016 IDF Working Groups Meeting, Singapore on margins of IIS Annual Forum Sept 2016 IDF Steering Group, New York on margins of UN General Assembly 3

IDF Mission & Focus Understanding risk to create resilient platforms for sustainable growth and human dignity 4

IDF Steering Group 5 Unprecedented engagement: re/insurance sector engaging in a shared endeavour including leading re/insurance carriers and all three global brokers and the global industry associations IDF partnership and coordination with the UN Agencies, World Bank and other institutions to develop coherent responses to the challenges and opportunities we need to address collectively

IDF Structure 6 Chaired by Stephen Catlin Co-chaired by Helen Clark, Administrator, UNDP & Joaquim Levy, CFO, World Bank Group Heads of UN Agencies, G20 FSB Chair 13 Industry CEOs, + IIS, ICMIF, GA, ABIR Steering Group Chaired by Industry, co-chaired by UNDP and WBG Implementation Group Resilience Modelling and Mapping Reshaping Development and Mitigating Risk Risk Sharing and Transfer: Tech Advisory Facilities on Financial Protection Risk Sharing and Transfer: Microinsurance (including inclusive and impact insurance) Insurance Regulation and Resilience Policies Insurance and Resilient Investments Insurance and the Humanitarian System Indicators and Development Metrics for Resilience and Insurance Communications & Education Working Groups

IDF Initial Priorities Understanding Risk – better understanding of hazards and the exposure and vulnerability – quantifying the risks and anticipating the potential impacts of hazards so that governments, communities, and individuals can make informed decisions on resilience, insurance, investment and wider policies and interventions. Risk & Insurance Regulation, Legislation and Policy – inclusive insurance regulation to enable access to insurance – integrating climate and natural hazard risk disclosure into mainstream financial and accounting systems Risk Sharing, Transfer & Response – G7 InsuResilience Climate Risk Insurance Target Risk & Resilience – building the capacity of developing and emerging countries to manage and implement sustainable financing and resilient investment from insurance 7

IDF Working Groups Resilience Modelling and Mapping – Co-Chairs: Ian Branagan, RenaissanceRe and Alana Simpson, GFDRR World Bank Reshaping Development and Mitigating Risk – Chair: Quentin Coolen, UNDP Risk Sharing and Transfer: Tech Advisory Facilities on Financial Protection – Chair: Ivo Menzinger, Swiss Re Risk Sharing and Transfer: Microinsurance (including inclusive and impact insurance) – Co-Chairs: Joan Lamm-Tennant, Blue Marble Microinsurance and Shaun Tarbuck, ICMIF Insurance Regulation and Resilience Policies – Chair: Bill Marcoux, DLA Piper Insurance and Resilient Investments – Chairs: Jan Kellet, UNDP Insurance and the Humanitarian System – Chair: Richard Choularton, World Food Programme (WFP) Indicators and Development Metrics for Resilience and Insurance – Chair: Marc Gordon, UNISDR Insurance Education & Communication – Chair: Fid Norton, XL Catlin

Understanding Risk to Create Resilient Platforms for Sustainable Growth and Human Dignity IAIS Global Seminar Budapest, 17 June 2016