This week, at its Centenary Conference being held in Rome (Italy), ICMIF launched the ICMIF Resiliency Benchmark which builds on the work set out from the Federation’s partnership with the United Nations Office for Disaster Risk Reduction (UNDRR) to embed disaster risk reduction (DRR) in mutual and cooperative insurance.

In November 2019, the International Cooperative and Mutual Insurance Federation (ICMIF) and the United Nations Office for Disaster Risk Reduction (UNDRR) began a multi-year collaboration to help address the urgent challenge of reducing disaster risks. The result of this bore a report, From protection to prevention: The role of cooperative and mutual insurance in disaster risk reduction, that identified what is needed in practical terms to enable a shift within the insurance industry from a focus on providing risk transfer products and services as a means to protect the insured from disaster risks, to an emphasis on prevention through disaster risk reduction incentives, awareness, capacity and financing. Building on this, ICMIF has now launched the ICMIF Resiliency Benchmark.