Affordable and reliable insurance is essential to help the world’s poor bounce back from the devastation of extreme events and help them withstand natural hazards.
That’s according to a report released by the University of Cambridge Institute for Sustainability Leadership during the third International Conference on Financing for Development in Addis Ababa, Ethiopia. In fact, insurance deserves attention as “an essential policy instrument” in efforts to meet the sustainable development goals, CISL fellow and report co-author Ana Gonzalez Peleaz said.
“Access to insurance increases the resilience of communities to climate risk and natural hazards,” she added.