The Global Risk and Resilience Fellowship (GRRF) has launched with a brief to develop resilience-building risk transfer solutions at city level.
Hosted by the Resilient Cities Network, the GRRF connects insurance professionals with senior leaders in participating cities, aiming to launch in 20 cities over a three-to-five-year period.
The goal of the programme is to help protect member cities and vulnerable communities against mounting climate-related shocks and stresses.
The GRRF is partnered with insurance broker Howden Group, as well as the Sustainable Markets Initiative (SMI) Insurance Task Force (ITF).
Chaired by Lloyd’s chairman Bruce Carnegie-Brown, the SMI set up the ITF in November 2021 with 13 participating insurers and brokers.
The Resilient Cities Network is built on the 100 Resilient Cities (100RC) initiative, pioneered by The Rockefeller Foundation in 2013, as part of its Global Centennial Initiative.
The programme centres on the secondment of fellows – qualified senior insurance practitioners, from Howden and other insurance organisations – to participating cities for a suggested period of three to six months.
“The selected cities will benefit from hands-on, solutions-focused risk consultancy focused on building long-term holistic and equitable resilience and reducing the cities’ vulnerabilities.
“With a deeper understanding of the impact of a warming world on cities, the insurance market will be better equipped to innovate and evolve to effectively respond to new risks and develop solutions that remove barriers to resilience-building investments.”
Click here to find out more about the GRRF.