Embedding disaster resiliency terms into catastrophe bonds and other insurance-linked securities (ILS) products could potentially unlock billions of dollars in funding for adaptation and risk reduction measures, according to Alissa Legenza, Member of the UNDRR Investor Advisory Board.
The United Nations Office for Disaster Risk Reduction’s (UNDRR) Investor Advisory Board (IAB) was established in response to growing calls from governments to engage the private sector in scaling up investment in disaster risk reduction.
The IAB’s goal is to mobilise both public and private capital to prevent disasters and strengthen societal resilience. The Board also works to develop tools and methodologies that help turn investor commitments into practical action, supporting progress toward the Sendai Framework and the Sustainable Development Goals (SDGs).
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