Seven mechanisms for supporting disaster risk reduction and resilience through cooperative and mutual insurance
Direct mechanisms – for insurance products to reduce disaster risks:
- Pricing - Apply variable pricing of insurance to provide incentives for risk reduction
- Prerequisites - Include prerequisites and exemptions to provide incentives for risk reduction
- Investments - Ensure investment reduces and prevents risk and builds resilience
Indirect mechanisms – for insurance providers to reduce disaster risks:
- Awareness & Advice - Raise awareness of the systemic nature of risks and provide transparent information and advice for reducing hazards, exposure, and vulnerability
- Social Capital - Build and share capacity and technology for risk modelling, analysis and monitoring
- Modelling & Data - Promote and enhance local social capital for responding to disasters and innovating to reduce risks
- Collaboration - Collaborate with the public sector to signal unsustainable development and support decision making towards disaster risk reduction and risk-informed investment while closing protection gaps
Please use the sorting/search selection below to sort the case studies by reduction mechanism or hazard.
Follow these links for more information on the other ICMIF UNDRR deliverables:
Resource Link: https://www.icmif.org/prevention-hub/
Read the resource file(s)
Resource link
More resources
mondayERT.org
UBMS Research Group
monday.com Emergency Response Team
ARISE US
United Nations Office for Disaster Risk Reduction (UNDRR)
UN DESA, DPIDG, UNPOG, and UNDRR
ARISE Africa