The Insurance Development Forum (IDF) and the Bridgetown Initiative have joined forces to integrate insurance more effectively into the international financial architecture (IFA), aiming to enhance resilience in Emerging Markets and Developing Economies (EMDEs).
Announced at the IDF Summit 2025, this strategic partnership addresses the growing threat of climate disasters, which disproportionately impact vulnerable nations—where economic losses can be up to ten times higher than in wealthier countries.
The collaboration’s goal is to position insurance as a critical tool in the global strategy for managing climate and disaster risks. Their first major step will be releasing a comprehensive report during London Climate Action Week, offering actionable insights and recommendations tailored for governments, donors, multilateral development banks (MDBs), and the private sector.
Following the report, coordinated political and technical initiatives will drive the implementation of these proposals, marking a transition from planning to concrete action.
Supported by the Danish Ministry of Foreign Affairs and the Quadrature Climate Foundation, this initiative leverages trustworthy insurance solutions to bolster financial stability and disaster resilience in some of the world’s most climate-exposed regions.
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