Insurance industry called upon to support SDGs

A meeting of the global Microinsurance Network in Luxembourg has called on the global insurance industry to deepen its engagement in inclusive insurance in support of the UN Sustainable Development Goals (SDGs).

Katharine Pulvermacher, the newly appointed executive director of the Microinsurance Network, commented: “Insurance and development experts must recognise that insurance is a critical enabler if we are to attain many of the United Nations’ Sustainable Development Goals (SDGs).”

The Microinsurance Network brings together stakeholders from across the insurance value chain, comprising policymakers, regulators, donors, the private sector and non-profit insurance organisations, as well as other industry players, in an effort to mitigate the risks faced by poor households across the world.

Butch Bacani, programme leader of UN Environment’s Principles for Sustainable Insurance Initiative (PSI), the largest collaborative initiative between the United Nations and the insurance industry, who spoke at the event added, “With more than USD30 trillion in global assets under management, it is also critical for the insurance industry to support economic, social and environmental sustainability as a major investor, including investments in low-emission technologies and climate and disaster-resilient infrastructure.”

    Share Story:

YOU MIGHT ALSO LIKE


The Future of Risk & Resilience with AI & Data
CLDigital's Co-Founder, Tejas Katwala, joins CIR Magazine to discuss how CLDigital is transforming enterprise risk and resilience. By integrating business processes, AI and data-centric strategies, organisations can move beyond compliance to proactive risk management – simplifying operations, strengthening resilience, and driving business performance. Listen now to explore the future of intelligent risk management.

Investec is disrupting premium finance – Podcast
Investec made waves in entering the premium finance market, where listening and evolving in response to brokers made a real difference.

Advertisement