Insurers & Cities

Resilient Cities in collaboration with UN Environment PSI is hosting an essential discussion between the Insurance Sector and Cities. This is also a follow-up to the first ever Insuring Resilient & Sustainable Cities Summit hosted at last year’s congress.

Bringing the insurance industry and cities together: Innovations and partnerships to drive urban resilience and sustainability

The Session will discuss innovations in the insurance industry across its risk management, insurance and investment activities, such as the use of insurance loss data for urban development planning, risk analytics, parametric or index-based insurance, catastrophe and resilience bonds, social impact bonds, and green bonds.

It will also feature key resilience and sustainability challenges and opportunities across cities in different geographies, and partnerships between insurers and local governments.

Consultation on the main themes of the “Insurance Development Goals for Cities

The second session in this discussion will provide an update on the “Bonn Ambition” initiative – the outcome of the Insurance Industry & Cities Summit that was organized by UN Environment’s Principles for Sustainable Insurance (PSI) and ICLEI at the 2017 Resilient Cities Congress in Bonn. The Bonn Ambition initiative is strategically linked to the UN Sustainable Development Goals (SDGs), particularly SDG 11 to “make cities inclusive, safe, resilient and sustainable”. Panelists will contribute their expertise and views on the creation of the “Insurance Development Goals for Cities” – converting the various underlying targets for SDG 11 into risk management, insurance and investment goals for the insurance industry. The main themes of these Goals, as well as learnings from a year-long consultation process, will be presented for consultation.

The session will be the last in-person consultation before the Goals are finalized. The Insurance Development Goals for Cities will be launched at the 2018 ICLEI World Congress in Montreal this June to set the long-term global sustainability agenda for the insurance industry and cities.