The UNEP FI-created Principles for Sustainable Insurance (PSI), the largest collaborative initiative between the UN and the insurance industry, has launched an unprecedented initiative designed to encourage insurance organisations to demonstrate leadership by making voluntary commitments to build disaster resilience and promote sustainable development. The commitments support the aims of all UN-convened global policy frameworks culminating this year, on disaster risk reduction, financing for development, the Sustainable Development Goals, and climate change. The PSI is backed by insurers representing about 15 per cent of the world’s premium volume with US $9 trillion in assets under their management. These insurance commitments follow the successful launch of the PSI’s “United for disaster resilience” statement at the 3rd UN World Conference on Disaster Risk Reduction in Sendai, Japan in March, outlining the roles of the insurance industry in helping implement the Sendai Framework for Disaster Risk Reduction 2015-2030.
12 May 2015 | News