In November 2019, the International Cooperative and Mutual Insurance Federation (ICMIF) and the United Nations Office for Disaster Risk Reduction (UNDRR) began a multi-year collaboration to help address the urgent challenge of reducing disaster risks. Specifically, the collaboration aims to identify what is needed in practical terms to enable a shift within the insurance industry from a focus on providing risk transfer products and services as a means to protect the insured from disaster risks, to an emphasis on prevention through disaster risk reduction incentives, awareness, capacity and financing. With a member-driven operating model, the cooperative and mutual insurance sector is uniquely positioned to take a lead in charting a practical path from risk protection to prevention.
This webinar is the formal launch event for the ICMIF-UNDRR report, From protection to prevention: The role of cooperative and mutual insurance in disaster risk reduction. In this new report, ICMIF and UNDRR identify seven practical mechanisms for how the cooperative and mutual insurance sector could help drive prevention and disaster risk reduction. Based on an analysis of twenty case studies from ICMIF members, the mechanisms provide a practical way for the cooperative and mutual insurance sector to implement the Sendai Framework for Disaster Risk Reduction. The webinar also showcases the first pilot projects from ICMIF members working in collaboration with UNDRR to put the mechanisms into practice.
CALL TO ACTION: This webinar provides an opportunity for ICMIF members to benchmark their own mutuality against the pivotal growing movement from protection to prevention. We encourage members to watch this webinar with a willingness to learn more and commit their businesses to this vital effort. This is the first of many ICMIF initiatives that will focus on making prevention the priority for the mutual insurance sector globally.
- Mami Mizutori, Special Representative of the Secretary-General for Disaster Risk Reduction, United Nations Office for Disaster Risk Reduction (UNDRR)
- Irina Zodrow, Head, Partnerships and Stakeholder Engagement Unit, UNDRR
- Hilde Vernaillen, Chair, ICMIF and Chair of the Management Committee, P&V Group (Belgium)
- Rob Wesseling, President and CEO, The Co-operators (Canada)
- Ann Sommer, Senior Advisor and Former CEO, Länsförsäkringar Sak (Sweden)
- Shaun Tarbuck, Chief Executive, ICMIF, moderator
This is a public webinar and all are welcome to access it. Click here to watch the recording.