Experiences of the G7 Climate Risk Insurance Initiative: InsuResilience
The G7 Climate Risk Insurance Inititative—InsuResilience—aims to increase by up to 400 million the number of poor and vulnerable people who have access to direct or indirect insurance coverage by 2020. To reach this objective, the initiative will boost indirect insurance while developing and promoting direct insurance through collaboration with partners from the public and private sectors as well as civil society. In 2016, G7 was able to establish a secretariat, set up InsuResilience's consultation and support structure, and conduct a study on how to best reach its intended beneficiaries.