Disaster

Overview

In 2015 the UN member states adopted 17 ambitious Sustainable Development Goals (SDGs), including a universal call to action to end poverty, protect the planet, and ensure that all people enjoy peace and prosperity by 2030. A critical response to disaster risk is insurance, which has a mitigating role to play as a risk protection mechanism. The SDGs that insurance has crucial a role include:

• povery reduction
• no hunger
• gender equality
• decent work
• economic growth
• climate action
• good health and wellbeing

Risk protection gap

TSC Global is working with Government, the Private Sector, NGOs, and development partners to analyze the factors impacting insurance as a tool for sustainable development:

• The enabling environment: the legislative, regulatory, and institutional capacity,
• The supply dynamics and context: providers and distributors of insurance and risk transfer, and
• Fundamental demand dynamics: such as awareness, trust, and experience.