1. Titel hier presented by John Doe Date here SOUTH AFRICAN INSURANCE ASSOCIATION

2. Community Risk Project Project aims to develop a replicable model for the establishment of sustainable, community based resources throughout South Africa to provide: Risk management advice on environmental risks Access to appropriate and affordable Risk Mitigation products A mechanism to reduce the overall risk profile to assist in economic development. A knowledge base of environmental risk factors Development of appropriate risk mitigation practices by stakeholders in low income communities. Employment creation opportunities within participating communities.

3. Community Risk Project Ultimate goal: Implementation of a National Risk Pool for poor and vulnerable communities within a PPP framework

4. Why are we doing this The short-term insurance industry as a sector has had difficulty in addressing the financial risk requirements of individuals in low income communities. Consequently the potential insurance capacity for these emerging markets has remained largely untapped. By their very nature and history, these low income communities are particularly vulnerable to environmental risks, including risks arising from potential climate change. The project aims to provide a mechanism to better understand the risk dynamics of these communities and to facilitate the sustainable development of risk mitigation practices and structures.

5. How is project impacted by climate risk Most low income communities have been developed on or near to economically marginal land. Major environmental risks: –Fire –Storm –Flood Lack of adequate infrastructure: –Population density –Lack of storm water infrastructure –Lack of adequate planning procedures

6. Progress made A framework for a three year pilot project has been developed and a preliminary costing established based on a roll-out to 8 low income communities. Grant funding of R1,4m (ex VAT) over the 3 year term of the project has been recommended by the SAIA Social & Environmental Board Committee for final approval by the SAIA board. An application has been made to the Jobs Fund for joint funding but this has been unsuccessful.

7. Next steps and future support Reconfirmation of Insurance Industry support. Re-sizing of project proposal in accordance with Insurance industry plus external funding. Development of fully defined project plan for consideration of SAIA Environmental and Social board committee. Identification of potential stakeholder involvement and development of recommended stakeholder framework.

8. Titel hier presented by John Doe Date here Thank you!