Lloyd’s, on behalf of the Sustainable Markets Initiative’s Insurance Task Force, has announced a partnership with the United Nations Capital Development Fund to improve access to insurance for climate-vulnerable countries.

The memorandum of understanding signed required all involved parties to work together and design insurance products that will deliver financial resilience against climate shocks in small island developing states and least developed countries.

John Neal (pictured), CEO of Lloyd’s, said: “Insurance has a vital role to play in building resilience against climate-related risks. This partnership with the UNCDF underpins the Sustainable Markets Initiative’s mission to develop a coordinated global effort to mitigate climate and natural catastrophe risks as we progress towards a more sustainable future.”

Share Story: