UNDP Insurance and Risk Finance Facility for Sustainable Development Goals
Reference: UNDP-UGA-00528 In 2021, UNDP launched the Insurance and Risk Finance Facility (IRFF), a dedicated resource for UNDP Country Offices and country partners worldwide, within the Sustainable Finance Hub. The IRFF is a flagship initiative which focuses on inclusive insurance, sovereign risk financing, insurance i…
Source ID: UNGM-292430
Scope overview
Reference: UNDP-UGA-00528 In 2021, UNDP launched the Insurance and Risk Finance Facility (IRFF), a dedicated resource for UNDP Country Offices and country partners worldwide, within the Sustainable Finance Hub.
The IRFF is a flagship initiative which focuses on inclusive insurance, sovereign risk financing, insurance investments, natural capital, health, SME development and other areas where insurance and risk transfer solutions and collaboration with the insurance industry can add significantly to the achievement and delivery of the Sustainable Development Goals (SDGs).
The IRFF aims to foster financial resilience and underpin sustainable development worldwide by harnessing the power of insurance and risk financing. It focuses on vulnerable populations, communities, and ecosystems, particularly developing inventive insurance solutions and services.
The overarching goal is to forge sturdy financial resilience against escalating climate risks through inclusive insurance, risk financing mechanisms, governance, development, advocacy, research, and evidence-based practices.
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