The InsuResilience Global Partnership is a joint G20 and V20 initiative. Established in 2017, it is a grand coalition of governments, multilateral organisations, NGOs, academia and the private sector, together driving forward a common vision to strengthen the resilience of developing countries and to protect the lives and livelihoods of poor and vulnerable people from the impacts of disasters by enabling faster, more reliable and cost-effective responses to disasters.
Climate shocks and other types of disasters such as earthquakes compromise lives, livelihoods and assets, particularly impacting the poor and most vulnerable. The cost of responding to disasters will continue to increase and force decision-makers to frequently divert longer-term development finance into short-term response measures. Hence, there is a need to shift from reactive crisis management towards pre-arranged financing for better preparedness and reliable disaster response.
The Partnership seeks to make an actionable and transformative contribution to resilience and adaptation efforts through the scale-up of pre-arranged risk finance and insurance mechanisms, embedded within comprehensive disaster risk management, and complementing broader resilience and adaptation efforts with particular emphasis on women and children as laid out in its Vision 2025. Within this vision, the Partnership takes on a people-centered and needs-based approach to the design and implementation of financial solutions for climate and disaster risk.