Mr. Benedikt Signer, Executive Director of SEADRIF Insurance Company, attended several high-level events at the 2025 Spring Meetings of the International Monetary Fund and The World Bank Group in Washington, DC, to elevate the importance of financial protection and highlight the role of regional risk pools.
The V20 Ministerial Dialogue XIV: Enabling Climate Prosperity: A Global Agenda for Jobs, Security, Resilience, took place on April 24th, bringing together members of the V20 and key partners, including international organizations, the G7, G20, and G24, to discuss challenges and opportunities amidst growing climate shocks. The high-level dialogue concluded with the adoption of a Communiqué outlining key issues and a shared vision for advancing climate prosperity through multilateral cooperation.
Subsequently, Mr. Signer participated in the first annual High-Level Dialogue of the Fund for responding to Loss and Damage (FRLD) on April 25th. Under the theme 'Strengthening Responses to Loss and Damage through Complementarity, Coherence, and Coordination,' this exclusive dialogue convened representatives from multilateral development banks, international financial institutions, UN agencies, intergovernmental organizations, climate funds, the private sector, philanthropies, and risk financing and insurance entities. Discussions focused on the unique role and potential of the FRLD in bridging funding gaps, enhancing collaboration among funding arrangements, and strengthening strategic partnerships to improve responses to climate-induced economic and non-economic loss and damage.
The official press release published on the Global Shield against Climate Risks website captures the essence and key outcomes of the event. Read it here.
The joint presence of SEADRIF and its risk pool partners—African Risk Capacity Ltd., CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility), and Pacific Catastrophe Risk Insurance Company — at these discussions was a significant step in our shared commitment to delivering more cost-efficient insurance solutions for member governments.