@UNDP’s Insurance and Risk Finance Facility, #IsDB and @isdbinstitute jointly launched @COP28_UAE a new paper that highlights opportunities, challenges and recommendations for Takaful - a shariah-compliant insurance alternative - to leave no one behind #SDGs ‘Insuring a Sustainable Future: Building Climate Resilience Through Takaful’ lays out evidence and key recommendations for Takaful to be developed, implemented and scaled to build the financial resilience of at-risk Muslim communities on the frontlines of climate change.
Mr. Amer Bukvic, Acting Director General- Global Practice and Partnerships, IsDB delivered insightful closing remarks.
The panel draws on these recommendations, lessons learned and stocktaking towards providing services to the most vulnerable communities.
The panel included:
• Dr. Nasser Al Kahtani, Executive Director, @AGFUNDProgram
• Madelena Mohamed, Director of the Sustainability Unit, Bank Negara Malaysia @BNM_official
• Abdallah Al Dardari, ASG, Director of the Regional Bureau for Arab States, @UNDP
Takaful offers to all an Islamic insurance alternative to empower financial resilience within vulnerable segments. Honoured to be part of a panel at #COP28 on delivering financial resilience to climate risks through Takaful organized by @UNDP, @AGFUND, @ISDB_Group & @KFHGroup
.@UNDPGhana kicked off the #insurance & #RiskFinance project with @BMZ_Bund & @InsDevForum for Greater Accra, protecting 5.6M vulnerable people & integrating insurance into the national development strategy. Read also https://t.co/cOFlEgTvBv @GermanAmbGhana#Insurance4SDGs
A great pleasure to welcome @MSuzman, CEO of the @gatesfoundation to @UNDP. 🌍 challenges need urgent responses. A good opportunity to reflect on how our partnership can advance dev solutions for sustainable finance, climate & adaptation, energy, digital, health & #GenderEquality
🙏to @gatesfoundation for their generous support of $14M to @UNDP’s Insurance & Risk Finance Facility.
Our partnership together will work towards insurance solutions to boost the climate resilience of smallholder farmers in Africa & Asia.
#Insurance4SDGs https://t.co/mKAIYQ17p0
The #cop27 has a strong #africa focus, unsurprisingly given waves of spreading risk. Read the blog by our sub-Saharan Africa lead on how @undp's Insurance & Risk Finance Facility is boosting socio-economic #resilience of communities. https://t.co/kCserytVAw #Insurance4SDGs
Financial Protection in a World of Uncertainty: What is the Role of the Insurance Industry? Join us for this high-level discussion on 11 Nov at @UNDP pavilion at #COP27. #Bluezone pass required. #Insurance4SDGs @BMZ_Climate @zurichinsure@khalida_bouzar
“#Insurance is one of the key tools to avoid a downward spiral of debt and poverty,” says @UNDP's @UlrikaModeer at UNDP & @ICMIF_Web launch of the Insurance Innovation Challenge Fund in Rome. https://t.co/37JdpRi9O3 @#Insurance4SDGs
#HDR2022: The global surge in social protection, eg public health insurance, following COVID-19 underscored how little coverage there was before & how much more remains to be done. #Insurance helps to protect people from the contingencies of an uncertain world. #Insurance4SDGs
#HDR2022: Policies focusing on the Three l's - investment, insurance and innovation - will go a long way to help people thrive in the face of uncertainty.
#Insurance can help protect the world’s most vulnerable people from the contingencies of an uncertain world. #Insurance4SDGs
Insurance Sector Diagnostic Study jointly developed by @MMA_Maldives & @UNDPMaldives validated today. Milestone insights enabling a deepening joint cooperation to develop an insurance sector at scale with the challenges faced by Maldives 🇲🇻.
#Insurance4SDGs
#HDR2022: #Insurance can protect against uncertainty & build financial resilience, but must become more affordable for people in need. Social insurance, helping people to manage risk, need to be revitalized, including for people in informal/precarious employment. #Insurance4SDGs
IRFF kicks off series of country summary diagnostics, starting w/ Ghana, presenting key risks, current state of #InclusiveInsurance & #RiskFinance & recommendations that reveal dev dynamics for fin protection, challenges&opportunities for #Insurance4SDGs. https://t.co/ri3A20o5sP
First 4-day session of training series on climate & disaster #RiskFinancing for anglophone #Africa shows that Africa remains the continent w/ least uptake on insuring #ClimateRisks while 116M people to be exposed to sea-level rise by 2030. #Insurance4SDGs@ariakoutra
.@UNDP's Climate Promise is helping 27 Asia-Pacific countries raise their climate ambitions, inspiring the Insurance and Risk Finance Facility‘s work to integrate #insurance and #RiskFinancing into climate policy planning and financing. @UNDPasiapac#Insurance4SDGs