Given the challenges faced in an increasingly volatile and turbulent world, insurance and risk finance are key tools that can help to shift the balance of risk, while insurance-linked securities (ILS) can “securitize resilience”, according to United Nations Development Programme (UNDP) representatives.
The UNDP published its Human Development Report today, with social insurance against future risks one of the key topics included.
As we reported roughly one year ago, the UNDP had launched the Insurance and Risk Finance Facility (IRFF), an initiative aiming to build financial resilience and bridge a $1.4 trillion global health, mortality, and disaster protection gap, with support from the insurance-linked securities (ILS) market expected in time.
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