The Munich Climate Insurance Initiative (MCII) was launched by Munich Re in April 2005 in response to the growing realisation that insurance-related solutions can support the adaptation to climate change advocated in the Framework Convention and Kyoto Protocol. This initiative brings together insurers, experts on climate change and adaptation, NGOs and policy researchers intent on finding solutions to the risks posed by climate change. MCII provides a forum and gathering point for insurance-related expertise on climate-change impact issues.
MCII has four objectives:
- To facilitate insurance-related solutions to help deal with the impact of climate change
- To conduct and support pilot projects for the application of insurance-related solutions
- To promote insurance-related approaches in cooperation with other organizations and initiatives
- To identify and promote loss-reduction measures
MCII was founded by representatives of Germanwatch, IIASA, Munich Re, the Munich Re Foundation, the Potsdam Institute for Climate Impact Research (PIK), the Swiss Federal Institute of Technology (SLF), The Energy and Resources Institute (TERI), the Tyndall Centre, the United Nations University Institute for Environment and Human Security (UNU-EHS), the World Bank, and independent experts. The group is open to new members (e.g. representatives of other insurance or reinsurance companies, climate change and adaptation experts, NGOs and policy researchers) seeking solutions to the risks posed by climate change.