image credit: Unsplash

UNDP launches new Insurance and Risk Finance Facility

September 27, 2021

The United Nations Development Programme (UNDP) has announced an initiative aimed at strengthening the protection of vulnerable communities from socio-economic, climate and health-related disasters.

handshake-close-up-photoThe Insurance and Risk Finance Facility (IRFF), established in the Finance Sector Hub, is said to significantly increase the role of insurance and risk-financing in development.

The German Government has contributed €35 million in funding for the facility in an effort to meet targets set out at the UN Climate Action Summit in 2019.

Read More on Reinsurance News