ICMIF Resilience Hub

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:

• ICMIF DRR Report
• ICMIF Resiliency Benchmark

Resource Link: https://www.icmif.org/prevention-hub/