The event convened the leaders of four regional risk pools innovating in the arena of climate risk financing. African Risk Capacity (ARC) Group CEO Lesley Ndlovu, CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) CEO Isaac Anthony, Pacific Catastrophe Risk Insurance Company (PCRIC) CEO Aholotu Palu and the Southeast Asia Disaster Risk Insurance Facility Insurance Company (SEADRIF) Chair Yoshihiro Kawai have shared lessons and discussed the common challenge of closing the huge protection gap.
Since its inception, this unique partnership between the regional risk pools has promoted knowledge and skills sharing and highlighted success stories, while presenting a unified front to advocate for the value of catastrophe risk insurance. At the same time, it has improved engagement with mutual partners, especially in the reinsurance markets.