Our donors & partners
Our donors & partners
A shared vision for global financial resilience
Sustainable
partnerships
The Insurance and Risk Finance Facility’s unmatched partnerships with foundations, governments, the insurance industry and development actors allow us to unlock new ways to achieve sustainable development. By leveraging the tremendous knowledge, expertise, resources and networks of these donors and partners, the Facility is able to build effective financial resilience solutions for communities and countries all over the world.
UNDP’s insurance and risk finance work also brings together all relevant UNDP projects and initiatives and leverages complementarities, mandates, comparative advantages and skill sets of a wide range of strategic partners. This includes UN partners and multilateral banks as well as other intergovernmental and international networks.
At the core of this work are UNDP Country Offices, which act as a foundation for increasing levels of engagement from the insurance industry across a range of projects and initiatives.
Donors
Federal Ministry for Economic Cooperation and Development (BMZ)
The Federal Ministry for Economic Cooperation and Development (BMZ) is responsible for German development policy.
BMZ is focused on fighting poverty and hunger and has a commitment to healthy people in a healthy environment, under the framework of the Sustainable Development Goals (SDGs) and the Paris Climate Agreement. BMZ is working to support a worldwide transformation to a sustainable, climate-friendly and nature-friendly way of doing business, while also strengthening peace, freedom and human rights. BMZ is an essential part of the Tripartite Agreement (TPA), a public-private partnership between UNDP, BMZ and 20 of the world’s largest insurers under the framework of the Insurance Development Forum.
Bill & Melinda Gates Foundation
The Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives.
In developing countries, the Bill & Melinda Gates Foundation focuses on improving people’s health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people – especially those with the fewest resources – have access to the opportunities they need to succeed in school and life. The Bill & Melinda Gates Foundation is partnering with UNDP on the Financial Resilience in Agriculture (FRA) Initiative, boosting smallholder farmers’ financial resilience and accelerating their adaptation to climate change.
Generali
Generali is one of the largest global insurance and asset management providers in the world.
Established in 1831, Generali has a presence in over 50 countries, with more than 82,000 employees serving 70 million customers. It manages over €500 billion in assets and had a total premium income of €82.5 billion in 2023. Generali is partnering with UNDP to enhance small business resilience to climate change and other natural hazards in Asia, while also addressing the global protection gap. Generali supports UNDP’s Insurance Innovation Challenges to incentivize the development of innovative and affordable insurance solutions that can build SME resilience and protect global value chains. Additionally, Generali and UNDP are committed to collaborating with public institutions to promote research and advocacy, raising awareness about risk management, prevention, and adaptation measures.
Howden
Howden is a leading global insurance group, with employee ownership at its heart.
Founded in 1994, it provides insurance broking, reinsurance broking and underwriting services and solutions to clients ranging from individuals to the largest multinational companies. The group operates in 55 countries across Europe, Africa, Asia, the Middle East, Latin America, the USA, Australia and New Zealand, employing 18,000 people and handling $38bn of premium on behalf of clients. Howden is partnering with UNDP on the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
Ocean Risk and Resilience Action Alliance
ORRAA is a multi-sector collaboration to drive investment in coastal natural capital.
The Ocean Risk and Resilience Action Alliance (ORRAA) is the only multi-sector collaboration connecting the international finance and insurance sectors, governments, non-profits and stakeholders from the Global South to pioneer finance products that incentivize investment into coastal and ocean Nature-Based Solutions (NBS). Its mission, by 2030, is to activate at least US$500 million of investment, and in so doing, help build the resilience of at least 250 million climate vulnerable coastal people. ORRAA is partnering with UNDP on building resilience in reefs and coastal communities.
AGFUND
Arab Gulf Programme for Development (AGFUND) is a regional organization based in Riyadh, Saudi Arabia.
AGFUND was established in 1980 on the initiative of His Royal Highness the late Prince Talal bin Abdulaziz and with the support of the leaders of the Gulf Cooperation Council. AGFUND aims at the roots of human development problems, targeting all segments of society without discrimination. AGFUND has partnerships with more than 450 international, regional and governmental organizations, through which it supports development projects. AGFUND is partnering with UNDP to explore the potential of takaful insurance to build the financial resilience of at-risk Muslim communities.
Kuwait Finance House
Kuwait Finance House (KFH) is one of the world’s foremost Islamic financial institutions.
Leading the Islamic finance industry globally, and offering a suite of financial Islamic services and products, KFH’s group banking network spans across seven regions worldwide, with 430 branches and approximately 8,600 employees. KFH provides a wide range of sharia-compliant products and services, covering real estate, trade finance, investment portfolios, commercial, retail and corporate banking. KFH is partnering with UNDP to explore the potential of takaful insurance to build the financial resilience of at-risk Muslim communities.
Industry partners
*UNDP does not endorse any entity, brand, product or service.
Milliman
Milliman is among the world’s largest independent actuarial and consulting firms.
Milliman
Milliman is among the world’s largest independent actuarial and consulting firms.
Founded in 1947, Milliman is an independent risk management, benefits and technology firm with offices in major cities around the globe. Through consulting practices in employee benefits, healthcare, investment, life insurance and financial services, and property & casualty/general insurance, Milliman serves business, financial, government, union, education and nonprofit organizations. Milliman is partnering with UNDP on the UNDP Milliman Global Actuarial Initiative (GAIN), which aims to help countries predict and prepare for risks by increasing actuarial capacity, enabling better risk modelling and more accurate pricing of insurance and social protection mechanisms.
Guy Carpenter
Guy Carpenter & Company, LLC is a leading global risk and reinsurance specialist.
With more than 3,400 professionals in over 60 offices around the world, Guy Carpenter delivers a powerful combination of broking expertise, trusted strategic advisory services and industry-leading analytics to help clients adapt to emerging opportunities and achieve profitable growth. Guy Carpenter is partnering with UNDP in the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
AXA
AXA is one of the largest global insurers, with 94 million clients in 51 countries worldwide.
AXA’s purpose is to act for human progress by protecting what matters. Its areas of expertise are applied to a range of products and services adapted to the needs of each and every client across three major business lines: property-casualty insurance, life & savings and asset management. AXA is partnering with UNDP in the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
Swiss Re
Swiss Re is a leading provider of reinsurance, insurance and other forms of insurance-based risk transfer.
Swiss Re’s global client base consists of insurance companies, mid-to-large-sized corporations and public sector clients. From standard products to tailor-made coverage across all lines of business, Swiss Re deploys its capital strength, expertise and innovation power to support the risk-taking that advances enterprise and societal progress. Swiss Re is partnering with UNDP on the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
Blue Marble
Blue Marble incubates and implements microinsurance ventures that support the economic advancement of underserved populations.
Blue Marble is a UK corporation owned by Aspen, ASSA, Marsh McLennan, TransRe and Zurich, and delivers socially impactful, commercially viable protection to underserved communities for example providing income stability & food security solutions for smallholder farmers, and income protection safety nets for individuals and SMEs against health issues, business interruption and other threats. Blue Marble is partnering with UNDP in the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
Howden
Howden is a leading global insurance group, with employee ownership at its heart.
Founded in 1994, it provides insurance broking, reinsurance broking and underwriting services and solutions to clients ranging from individuals to the largest multinational companies. The group operates in 55 countries across Europe, Africa, Asia, the Middle East, Latin America, the USA, Australia and New Zealand, employing 18,000 people and handling $38bn of premium on behalf of clients. Howden is partnering with UNDP on the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
Munich Re
Munich Re is among the world’s top providers of reinsurance, primary insurance and insurance-related risk solutions.
Munich Re operates in all lines of the insurance business, all around the world. With over 140 years of risk expertise and almost 43,000 employees consisting of specialists from more than 80 fields of expertise, it takes on risks of every type and complexity. Munich Re is partnering with UNDP in the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
Hannover Re
Hannover Re is one of the world’s leading reinsurers.
Hannover Re transacts all lines of property & casualty and life & health reinsurance and has a global presence, with more than 3,500 staff. Established in 1966, Hannover Re is recognized as a reliable partner for innovative risk solutions, exceptional customer intimacy and financial soundness. Hannover Re is partnering with UNDP in the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
Hiscox
Hiscox is a leader in specialist insurance.
Expert in covering a wide range of personal and commercial risks, Hiscox is a diversified international insurance group with a strong balance sheet and plenty of room to grow. Listed on the London Stock Exchange and headquartered in Bermuda, Hiscox has over 3,000 staff across 14 countries and 32 offices. Hiscox is partnering with UNDP in the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
CelsiusPro
CelsiusPro is an Insurtech group dedicated to helping private and public organisations to understand and mitigate the financial impact of climate and NatCat risks.
We unite climate technology, data science, risk modelling, and committed risk capacity to develop bespoke parametric insurance solutions that address the growing protection gap worldwide. CelsiusPro is partnering with UNDP on the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
Allianz
The Allianz Group is one of the world’s leading insurers and asset managers.
Allianz has around 125 million private and corporate customers in nearly 70 countries, and offers personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is partnering with UNDP in the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
Europa Re
Europa Re is a property casualty reinsurer offering reinsurance capacity for businesses worldwide.
Europa Re offers reinsurance for all major lines of business and provides support to emerging insurance markets. The company uses its in-depth expertise in catastrophe insurance to assist its member country governments, communities and private insurers to successfully manage the ever-growing risk of climate change and other catastrophic perils. Europa Re is partnering with UNDP in the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
Gallagher Re
Gallagher Re is a full-service global reinsurance broking and advisory firm operating across the risk and capital spectrum.
Backed by Gallagher, Gallagher Re is one of the world's largest insurance brokerage risk management and benefits consulting companies, combining analytics capabilities with reinsurance expertise, strategic advisory services and transactional excellence. Their global client base includes all of the world’s top insurance and reinsurance carriers, as well as national catastrophe schemes in many countries around the world. Gallagher Re is partnering with UNDP on the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
Generali
Generali is one of the largest global insurance and asset management providers in the world.
Established in 1831, Generali has a presence in over 50 countries, with more than 82,000 employees serving 70 million customers. It manages over €500 billion in assets and had a total premium income of €82.5 billion in 2023. Generali is partnering with UNDP to enhance small business resilience to climate change and other natural hazards in Asia, while also addressing the global protection gap. Generali supports UNDP’s Insurance Innovation Challenges to incentivize the development of innovative and affordable insurance solutions that can build SME resilience and protect global value chains. Additionally, Generali and UNDP are committed to collaborating with public institutions to promote research and advocacy, raising awareness about risk management, prevention, and adaptation measures.
Zurich
Zurich is a leading multi-line insurer serving people and businesses in global and local markets.
With about 60,000 employees, Zurich provides a wide range of property & casualty and life insurance products and services in more than 210 countries and territories. Zurich’s customers include individuals, small businesses and mid-sized and large companies, as well as multinational corporations. Headquartered in Zurich, Switzerland, it was founded in 1872. Today, in addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote well-being and enhance climate resilience. Zurich aspires to be one of the most responsible and impactful businesses in the world.
Technical & institutional partners
Ocean Risk and Resilience Action Alliance
ORRAA is a multi-sector collaboration to drive investment in coastal natural capital.
The Ocean Risk and Resilience Action Alliance (ORRAA) is the only multi-sector collaboration connecting the international finance and insurance sectors, governments, non-profits and stakeholders from the Global South to pioneer finance products that incentivize investment into coastal and ocean Nature-Based Solutions (NBS). Its mission, by 2030, is to activate at least US$500 million of investment, and in so doing, help build the resilience of at least 250 million climate vulnerable coastal people. ORRAA is partnering with UNDP on building resilience in reefs and coastal communities.
ICMIF
The International Cooperative and Mutual Insurance Federation is a global organization representing cooperative and mutual insurers.
The International Cooperative and Mutual Insurance Federation (ICMIF) promotes and works with the cooperative and mutual insurance sector, acting as a leader in providing information and services to members and representing the interests of the cooperative and mutual insurance sector worldwide. Through its charitable foundation, it supports ICMIF members in emerging markets to scale up microinsurance programmes. The ICMIF Foundation is cooperating with UNDP on the Insurance Innovation Challenge Fund, a project to support mutual insurance organizations in creating and distributing innovative and affordable insurance products for the most vulnerable.
Islamic Development Bank
The Islamic Development Bank is a multilateral development bank.
The Islamic Development Bank (IsDB) works to improve lives by promoting social and economic development in Member Countries and Muslim communities worldwide, delivering impact at scale. Beyond its 57 Member Countries, it provides support to Muslim communities in non-member countries, including those afflicted by conflict and natural disasters. Its work touches the lives of one in five of the world’s population. IsDB is partnering with UNDP to explore the potential of takaful insurance to build the financial resilience of at-risk Muslim communities.
Islamic Development Bank Institute
The Islamic Development Bank Institute is a leading hub for Islamic finance innovation, research and training.
The knowledge beacon for the IsDB Group, the Islamic Development Bank Institute (IsDBI) leads the exploration of innovative solutions to support sustainable socioeconomic development in Member Countries and Muslim communities within the framework of Islamic economics and finance. Established in 1981 as the Islamic Research and Training Institute (IRTI), the Institute was rebranded in 2021 as IsDB Institute to better align with the strategic priorities of the IsDB and enable the Institute to contribute tangible and sustainable value for enhancing the well-being of its Member Countries.
Jupiter
Jupiter is the trusted leader in climate risk analytics for organizations looking to strengthen their climate resilience.
The increasing frequency and severity of extreme weather events across the globe are having a major impact on economies, businesses, and communities. With forward-focused, rigorous methodologies, and analytics delivered by some of the best scientists in the industry, Jupiter turns sophisticated climate science into actionable data. Customers proactively assess the physical risks in their portfolios, address regulatory requirements and evaluate potential reputational concerns.
Insurance Development Forum
The Insurance Development Forum is a public-private partnership bringing together the insurance industry and international organizations.
Launched in 2016, the IDF brings together industry experts, multilateral organizations, NGOs and public sector institutions. It aims to optimize and extend the use of insurance and related risk management capabilities to build greater resilience and protection for people, communities, businesses and public institutions vulnerable to disasters and associated economic shocks. The IDF is an essential part of the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the IDF and the German Federal Ministry of Economic Cooperation and Development (BMZ).
The Global Shield against Climate Risks
A joint G7/V20 initiative to strengthen the financial protection and resilience of vulnerable countries and people.
Launched at COP27 by the V20 Group of Finance Ministers and the G7, the Global Shield against Climate Risks aims to increase protection for climate-vulnerable economies and communities by providing and facilitating substantially more and better pre-arranged and trigger-based finance against disasters and climate risks. Greater financial protection and faster and more reliable disaster preparedness and response will contribute to effectively responding to losses and damages from climate change.
Microinsurance Network
The Microinsurance Network is a member-based network of donors, multilateral agencies, insurance providers, policymakers and academics.
The Microinsurance Network is a non-profit association of organizations and individuals who are committed to building a world where people of all income levels are more resilient and less vulnerable to daily and catastrophic risks through improved access to effective risk management tools, including insurance services. It provides a platform for information sharing and stakeholder coordination with the aim of promoting the development and proliferation of insurance products for people un(der)served by insurance.
InsuResilience Solutions Fund
Improving resilience to climate change. Transforming strategies into insurance products.
The InsuResilience Solutions Fund (ISF) promotes the development of innovative and sustainable Climate Risk Insurance products in developing and emerging countries, to improve the resilience of vulnerable households against the impacts of climate change and natural disasters. ISF has been set-up and funded by KfW, the German Development Bank, on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), and is managed by Frankfurt School of Finance & Management.
ICMIF Foundation
To strengthen resilience against risks for low-income vulnerable communities.
The ICMIF Foundation was established as a charitable organisation in 2015. The ICMIF Foundation’s 5-5-5 Mutual Microinsurance Strategy was launched in June 2016 and currently has reached over three million low-income households in total with insurance and resilience building efforts. This equates to over 17 million lives being impacted when averaging five people per household with a current funding cost per insured household of less than one USD a day. The ICMIF Foundation is cooperating with UNDP on the Insurance Innovation Challenge Fund, a project to support mutual insurance organizations in creating and distributing innovative and affordable insurance products for the most vulnerable.
UK Government
The Blue Planet Fund is an important part of the UK’s global leadership on marine issues.
The Blue Planet Fund is the UK’s £500 million programme supporting developing countries to protect the marine environment and reduce poverty. It supports the delivery of the Integrated Review, which puts tackling climate change and the loss of biodiversity at the heart of the UK government’s international priorities The UK Blue Planet Fund is a financial supporter of the UNDP, ORRAA and Swiss Re project ‘Reducing vulnerability in coastal communities with coral reef insurance’.
UN partners
BIOFIN
BIOFIN, the Biodiversity Finance Initiative, is a UNDP-managed global programme working to catalyse investments in nature.
BIOFIN works to create sustainable finance solutions to not only protect biodiversity, but let it flourish. BIOFIN was initiated at COP 11 by UNDP and the European Commission in response to the urgent global need to divert more finance from all possible sources towards global and national biodiversity goals. Now present in 40 countries, BIOFIN works with governments, civil society, vulnerable communities and the private sector to support the transition to a nature-positive economy.
Sustainable Insurance Forum
The Sustainable Insurance Forum is a global network of insurance supervisors and regulators cooperating on sustainability.
Launched in December 2016, the Sustainable Insurance Forum (SIF) is a dynamic platform for insurance supervisors and regulators to engage in international collaborative action on climate issues. SIF’s work includes research on emerging risks, knowledge-sharing on supervisory practices, high-level policy engagement and joint supervisory statements. In 2022, SIF became part of the UNDP Sustainable Finance Hub, an expert group of nearly 200 sustainable finance experts.
UNICEF
UNICEF is the United Nations’ child rights agency.
UNICEF is mandated by the United Nations General Assembly to advocate for the protection of children’s rights, to help meet their basic needs and to expand their opportunities to reach their full potential. UNICEF works in the world’s toughest places to reach the most disadvantaged children and adolescents – and to protect the rights of every child, everywhere. Across more than 190 countries and territories, UNICEF works to help children survive, thrive and fulfil their potential, from early childhood through adolescence.
UNDP Sustainable Finance Hub
The Insurance and Risk Finance Facility is housed in UNDP’s Sustainable Finance Hub, which brings together UNDP’s financial expertise to harness public and private capital for the Sustainable Development Goals (SDGs). The Hub supports governments, investors and businesses in reaching climate, social impact and sustainability targets, driving systemic change towards a sustainable financial architecture that benefits people and the planet.
