Strengthening urban resilience has immense potential to increase equity and prosperity in cities, but it requires significant investment to be fully realized. While insurance plays a vital role, it cannot solve these challenges alone. Cities urgently need financial resources to harness the full potential of insurance in making climate adaptation possible. By providing senior city decision-makers with data on the future costs of inaction, they can better understand the cost-effectiveness of investing in adaptation now.
The final session of Cities on the Frontline of 2024, developed through The Global Risk and Resilience Fellowship, will explore case studies from Greater Manchester and Cape Town where cities and the private sector have partnered to quantify climate risk costs for communities and assets, demonstrating how different approaches can guide investments and adaptation strategies for cities and utilities.
The Global Risk and Resilience Fellowship, conceived at COP26, is a partnership between Resilient Cities Network, Howden, and the Sustainable Markets Initiative Insurance Task Force. The Fellowship enables public-private collaboration by bringing together city leaders, insurance professionals and the wider private sector (e.g. finance, engineering) to work side-by-side on a specific risk area in the urban environment to collaboratively develop the solutions that empower cities to build a safe, equitable, and resilient future for all.
Register here: https://bit.ly/De-Risking_the_Future
Ana Garcia Campos
Lead Disaster Risk Management Specialist, World Bank Group
Dr. Clemens Neuhold
Deputy Director of the Division Flood Risk Management at the Austrian Federal Ministry for Agriculture, Forestry, Regions and Water Management
Eng. Humphrey N. Kanyenye
Manager of Urban Roads and Project Coordinator for World Bank Programs at the Tanzania Rural and Urban Roads Agency (TARURA)
Ming Zhang (Co-host)
Global Director, Urban, Resilience and Land Global Department, World Bank Group
Lynette Lim (Co-host)
Global Director, Communications and Knowledge, R-Cities
