Reos Partners’ Post

🌍 𝗦𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹𝗹𝘆 𝗶𝗻𝘀𝘂𝗿𝗶𝗻𝗴 𝗮𝗴𝗮𝗶𝗻𝘀𝘁 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝗿𝗶𝘀𝗸𝘀 – 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝟯𝗿𝗱 𝗜𝗻𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗟𝗮𝗯 🌱   As vast segments of the low-income population and micro and small businesses remain excluded from financial protection against the impact of climate change, the 𝗔𝗰𝗰𝗲𝘀𝘀 𝘁𝗼 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗜𝗻𝗶𝘁𝗶𝗮𝘁𝗶𝘃𝗲 (𝗔𝟮𝗶𝗶), in partnership with the Global Shield against Climate Risks and facilitated by Reos Partners, organised the 𝘁𝗵𝗶𝗿𝗱 𝗜𝗻𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗟𝗮𝗯 (𝗶𝗶𝗶-𝗹𝗮𝗯). From October 2021 to October 2022, it brought together 75 key players from 𝗖𝗼𝘀𝘁𝗮 𝗥𝗶𝗰𝗮, 𝗚𝗿𝗲𝗻𝗮𝗱𝗮, 𝗭𝗮𝗺𝗯𝗶𝗮, 𝗮𝗻𝗱 𝗭𝗶𝗺𝗯𝗮𝗯𝘄𝗲 — all with one goal: to find real, practical insurance solutions that help vulnerable communities better prepare for climate risks. And the solutions they came up with in the lab are rather impressive:   𝟮 𝘆𝗲𝗮𝗿𝘀 𝗹𝗮𝘁𝗲𝗿 – 𝘄𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗼𝘂𝘁𝗰𝗼𝗺𝗲𝘀? 🔹 ‘Fu-Turismo’ in Costa Rica – an open climate web tool to build awareness of climate change in the tourism sector; 🔹 Parametric hurricane protection in Grenada – already triggered during Hurricane Beryl in 2024; 🔹 Insurance Ambassadors in Zambia – raising insurance literacy via over 420 individuals — including agricultural extension officers, civic leaders, market vendors, teachers, and university students; 🔹 Farmer’s Basket in Zimbabwe – bundled parametric insurance with agricultural inputs, now reaching 17,000 farmers. 𝗪𝗮𝗻𝘁 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲? Check out 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗳𝗹𝘆𝗲𝗿 with stories and results down below. We invite you to visit our website to stay tuned about further developments in the third iii-lab: https://lnkd.in/de6rnBmw A huge thank you to everyone involved — this work shows what’s possible when we come together with open minds and a shared purpose. 🌍💬   The iii-lab continues to inspire action beyond its official timeline, with several solutions already implemented or scaled. This reinforces our belief that 𝗶𝗻𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗱𝗶𝗮𝗹𝗼𝗴𝘂𝗲 𝗮𝗻𝗱 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗰𝗮𝗻 𝗱𝗿𝗶𝘃𝗲 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺𝘀. #inclusiveinsurance #microinsurance #insurancesupervision #financialinclusion #iiiLab #climaterisks IAIS - International Association of Insurance Supervisors   Matthias Range Teresa Pelanda Rene Hingst Laura Moxter Morales Milena Kozomara Asmaa Jabri Regina Lidia Giordano Simoes Joscha Sisnowski Nuriya Erden Eleanor Macheso Rachelle Jung Yiannis Chrysostomidis FRSA Anouk Aarts Angelika Frei-Oldenburg Mariella Regh Anaar Kara, CFA Antonique Koning Tim Posert GIZ Zambia Deborah M. Cameron (MBA, BSc, CAT) Gregory Delsol Kelon Fletcher CAMS CIA FCCA MSc Natasha Joseph theresa joseph-mcsween Alejandra Quirós Palma Fernando J. Viquez Pacheco German Rodríguez Manfred Canales Alfaro