Climate Change Resilience Insurance blog post
The new entity that has recently been established under the Global Climate Action Summit (GCAS) umbrella is the Insurance Innovation Lab for Climate Resilience (InnoCRI), a $29 million insurance-based financing mechanism launched by GCAS to help finance climate change resilience in developing countries. At the time of the launch, we knew that InnoCRI would be a key part of GCAS and its goal of creating an “insurance-based financing mechanism” to support resilience to climate change in developing countries. We also knew that the program will have an impact on private insurance market by providing technical assistance and training for insurers, reinsurers and other financial institutions to understand risks associated with climate change as well as how insurance can be used as tool for mitigating these risks.
A few weeks ago, I wrote about the new entity that has recently been established under the Global Climate Action Summit (GCAS) umbrella.
- A few weeks ago, I wrote about the new entity that has recently been established under the Global Climate Action Summit (GCAS) umbrella.
- InnoCRI will be funded by GCAS and will provide seed funding to innovators working on climate change resilience insurance products in developing countries.
The Insurance Innovation Lab for Climate Resilience (InnoCRI), is a $29 million insurance-based financing mechanism launched by GCAS to help finance climate change resilience in developing countries.
You may be aware that the Global Climate Action Summit (GCAS) is an international summit on climate change that takes place every two years. The GCAS aims to …
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