Overview

The Tripartite Agreement is a partnership between UNDP, the German Federal Ministry of Economic Cooperation and Development (BMZ) and 20 of the world’s largest insurers under the framework of the Insurance Development Forum. The project is active in 20 countries, and protects close to 64 million beneficiaries, underpinned by US$5 billion in risk capacity offered from insurance industry partners.

Through the Tripartite Agreement, UNDP and insurance companies are working on a joint programme that includes the development of large sovereign insurance initiatives protecting society from key hazards and shocks. Alongside this, a comprehensive technical assistance programme is building long-term financial risk management capacity for governments and market capacity for local insurers.

Systems 
approach

Each Tripartite country project has three dimensions: strengthening the enabling environment for insurance, designing risk finance solutions with industry partners and working with governments to build institutional capacity for solutions to scale.

Additionally, UNDP works to strengthen local insurance markets, promoting innovation and addressing the enabling regulatory environment for insurance.

Our impact

From sovereign and sub-sovereign risk transfer schemes for urban floods to initiatives addressing parametric insurance for drought and climate-vulnerable crops, the Tripartite Agreement is driving tangible impact globally.

35

Institutional and policy processes

Strengthening the enabling environment for insurance to scale

9

Insurance solutions being developed

Protecting people, businesses, jobs, agriculture and public assets

64

Million projected beneficiaries

Impacting millions of people through insurance and risk finance solutions

1k

Training programme participants

Building in-country insurance and risk finance capacity

Blue buildings

“The Tripartite Agreement is building the financial resilience of countries and communities as a critical element of tackling climate change and safeguarding past and future development gains. The global community made a commitment at the UN Climate Summit in 2019, and all of us – governments, industry, the development sector – need to step up our work to enable climate-proof development.”

Dirk Meyer, Director-General for Multilateral Development Policy, Transformation and Climate, BMZ

Where we
work

Tripartite Agreement Programmatic Footprint

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The boundaries and names shown and the designations on this map do not imply official endorsement or acceptance by the United Nations.