Lloyd's launches parametric disaster insurance with UN and Aon for Pacific Island nations.

Lloyd's has launched a disaster resilience vehicle aimed at Pacific Island nations, partnering with the UN Capital Development Fund and Aon. This initiative provides parametric disaster insurance to Small Island Developing States (SIDS), ensuring rapid payouts during disasters. It leverages donor funds and local networks to support climate-vulnerable communities. The project seeks to scale and expand similar efforts across the Pacific, Caribbean, Asia, and Africa.

October 23, 2024
8 Articles