German Federal Minister for Economic Cooperation and Development, Gerd Müller, has unveiled the new G7 Initiative on Climate Risk Insurance, during a high-level forum attended by, as well as decision makers from the G7 and developing countries, the insurance industry, academia and civil society. Efforts to attract greater engagement by the insurance industry have been spearheaded by UNEP FI’s Principles for Sustainable Insurance (PSI) – the largest collaborative initiative between the UN and the insurance industry, with 80 members representing more than 15% of world premium and US $9 trillion in assets. Read more
UNEP Executive Director, Achim Steiner (first left) talking to the high level panel during the G7 Conference on Climate Risk Insurance