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Munich Climate Insurance Initiative (MCII)

Link

http://www.climate-insurance.org/

Description

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:

  1. To facilitate insurance-related solutions to help deal with the impact of climate change
  2. To conduct and support pilot projects for the application of insurance-related solutions
  3. To promote insurance-related approaches in cooperation with other organizations and initiatives
  4. 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.

Action pledges 
 

Implementing the Munich Climate Insurance Initiative (MCII) in support of the Nairobi work programme

Further information

MCII's ongoing activities on education training and awareness raising

Submission to the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) 'Regional institutions, adaptation, & insurance: Expanding coverage for medium level weather extremes in vulnerable countries using risk reduction & innovative insurance solutions'

Global insurance industry statement - Adapting to climate change in developing countries

Policy brief: Solutions for vulnerable countries and people - Designing and implementing disaster risk reduction and insurance for adaptation

Munich Climate Insurance Initiative strategic summary: August 2010

Regional focus All regions
Sector Business
Science, assessment, monitoring and early warning
Adaptation delivery activity Capacity building
Disaster risk reduction
Education
Monitoring and evaluation
Pilot adaptation programmes/projects
Risk/vulnerability mapping
Training
NWP work area Adaptation planning and practices
Climate modelling, scenarios and downscaling
Climate related risks and extreme events
Data and observations
Economic diversification
Research
Socio-economic information
Climate hazards Drought
Flood
Heatwaves
Storms/tropical cyclones
Wildfires
Operational scale Global

Organizations, institutions and private sector companies at all levels and in a wide range of sectors can become engaged with the NWP by becoming a partner and making Action Pledges. Information about how organizations can become engaged with work on adaptation under the NWP can be found here.


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