WEF Davos 2015: the new global context, and how the private sector can make a difference
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What does climate change, filling a trillion dollar infrastructure hole, and supporting 2 million African smallholders with natural disaster insurance have in common? More than one might imagine, and they all form part of Swiss Re's resilience agenda at the World Economic Forum's Annual Meeting 2015 in Davos.
Swiss Re is joining world leaders at this year's WEF to discuss “The New Global Context," exploring solutions to areas of common concern. This isn't about philanthropy, but rather about growing markets and evolving business opportunities.
Here's how global challenges, good risk management and public private partnerships converge:
Mobilizing for climate action
UN Secretary-General Ban Ki-moon, former US Vice-President Al Gore, French Foreign Minister Laurent Fabius and Christiana Figueres, United Nations Executive Secretary of the UN Framework on Climate Change, are challenging the private sector at Davos to take climate change more seriously.
Swiss Re picked up the gauntlet last September, pledging USD 10bn in insurance protection and expertise to help national and regional governments strengthen their own climate resilience commitments by 2020.
But how does one translate high level commitments into practical solutions. Swiss Re will share experiences from the 100 Resilient Cities Network and governmental disaster risk financing solutions like the African Risk Capacity against drought, the Caribbean Catastrophe Risk Insurance Facility (CCRIF), and the Pacific Catastrophe Risk Insurance Pilot.
Unlocking funds to fill a 1 trillion dollar infrastructure hole
There is an estimated 1 trillion US dollar shortfall in global infrastructure investment every year. This means that governments lack money for building roads, railways, bridges and power utilities. But what if the private sector helped cover that shortfall?
This is on WEF's agenda this year. Why? Because infrastructure investment fuels productivity and economic growth. The private sector can help close the funding gap.
Find out about the measures Swiss Re proposes in its role of institutional investor, in order to unlock much needed infrastructure investment and strengthen the economy.
Grow Africa and Swiss Re: partnering to help African farmers protect their investment
Three years ago, Swiss joined a WEF initiative called Grow Africa, making a commitment to provide nat cat insurance coverage to 1.4 million African smallholder farmers within the next 3 to 5 years. This goal has now been reached. Find out how this was done in our upcoming story.