Joint Statement of The Geneva Association, UNEP-FI, MCII and ClimateWise: "Global insurance industry statement on adapting to climate change in developing countries"


Four leading insurance climate change initiatives, whose combined membership includes more than a hundred of the world's leading insurers across Africa, Asia, Europe, North and South America, and Oceania, have combined their members' expertise to present this Statement. ClimateWise, The Geneva Association, the Munich Climate Insurance Initiative (MCII) and leading insurance companies within the United Nations Environment Programme Finance Initiative (UNEP FI) are collaborating to highlight the huge potential benefits of using government action to enable the knowledge and expertise from the insurance industry to play its fullest role in risk management in developing countries, particularly those most vulnerable to the impacts of climate change. This government action includes implementing national risk management processes and using limited government investment to measure and reduce those risks.