Tools
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:
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ARISE Priority
Insurance
Number of pages
65 p.
Publication year
2021