How can inclusive insurance reach its full potential?
Insurance is seen as a social protection mechanism and an engine for sustainable development. - Dr Ana Gonzalez Pelaez, Fellow of the Cambridge Institute for Sustainability Leadership
3. ENCOURAGEMENT OF PUBLIC- PRIVATE PARTNERSHIPS
In nascent markets, public-private partnerships are often the first recourse to help test and build a working model. Dr Ana Gonzalez Pelaez , of CISL believes “These can be at the national level, where insurance initiatives complement national government schemes of coverage, or at the international level, where public donors and the private sector work with national governments. In this space, insurance is seen as a social protection mechanism and an engine for sustainable development.” The Insurance Development Forum is another example of a public-private- partnership led by the insurance industry and supported by international organisations. The InsuResilience Global Partnership for Climate and Disaster Risk Finance and Insurance Solutions brings together countries, civil society, international organizations, the private sector, and academia. In particular, it builds collaboration between the G20 and the V20 countries.
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