Reef and Coastal Community Resilience
Reef and Coastal Community Resilience
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.
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).
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’.
