About
One of the major challenges facing the finance sector (investors and insurance) when underwriting emerging economy infrastructure projects, is that the industry only enters the project design process towards the end of the development cycle, even though it is exposed to the greatest degree of long-term risk.
Consequently, insurance is often exposed to unsustainable, uninsurable infrastructure projects that fail to meet the needs of the local communities it intends to serve. Yet insurance has multiple skills and capabilities that could support more informed infrastructural decision making and planning. This raises questions as to how such infrastructure projects can be reimagined, to include the finance sector more closely, from the outset. In so doing, CIP AIRR hopes to develop a methodology that can support more bankable, insurable and sustainable infrastructure projects that actually meet the needs of local communities.
CIP AIRR is an open and collaborative platform, piloted in Dar es Salaam in October 2016, that brought together city officials with a cross-section of finance sector experts, to help identify and promote viable solutions to major infrastructure challenges that city faces.
Read the guide – The City Innovation Platform: A guide to multi-sector collaboration on resilience.
News
7 July 2021
Representing a growing global network of leading insurance industry organisations, ClimateWise helps to align its members’ expertise to directly support society as it responds to the risks and opportunities of climate change. ClimateWise, as part of the Centre for Sustainable Finance, is uniquely...
ClimateWise annual review highlights insurance sector's role in shaping resilience to climate change
8 February 2021
17 February 2021 – The ClimateWise Principles Review indicates significant improvement in climate-related disclosure of insurers and highlights sector’s vital role in shaping resilience to climate change.
ClimateWise publish their annual Principles review
13 December 2019
18 December 2019 – This year’s ClimateWise Principles Review is the first since the framework was aligned with the Taskforce for Climate-related Financial Disclosures (TCFD) and reflects the ambition of our members to be accountable on their climate response.
18 February 2019
22 February 2019 – New open-source models from ClimateWise, a global insurance network, offer step-by-step guides to help the financial industry prepare for risks posed by climate change.
20 November 2017
21 November 2017 – A climate risk protection gap of US$1.7 trillion caused by extreme weather over the past decade opens up many new opportunities for insurers, says ClimateWise.
How can the insurance industry support sustainable infrastructure in emerging economy cities?
16 May 2017
16 May 2017 – ClimateWise publishes new guide to multi-sector collaboration on infrastructure risk and resilience.
The City Innovation Platform: A guide to multi-sector collaboration on resilience
3 May 2017
May 2017 – This guide looks at the City Innovation Platform (CIP), a two-day workshop in Dar es Salaam, Tanzania in 2016. The CIP explored how the public and private sectors can collaborate more effectively to deliver sustainable, financeable and insurable infrastructure projects. The workshop involved the active participation from a city network of senior Dar city officials, the insurance industry, asset managers and the private sector.
CIP AIRR pilot project, Dar es Salaam, Tanzania
21 December 2016
October 2016 – ClimateWise partners with Santam, Marsh, Sanlam, Munich Re, ICLEI, Global Infrastructure Basel and the UNEP FI PSI in an innovative collaborative model with the Dar es Salaam city leadership to manage the risks and opportunities associated with key public infrastructure projects.
