The Global Shield Solutions Platform co-hosted two impactful side events with the Global Shield Secretariat, bringing together key voices to tackle some of the most pressing challenges in climate risk resilience and financial protection.

📌 “Regional Risk Pools: Supporting Transboundary Services to Fragile and Climate-Vulnerable Countries”

This session highlighted the transformative potential of Regional Risk Pools (RRPs). Beyond providing insurance cover, RRPs deliver swift payouts, enabling nations to invest in preparedness and prevent economic setbacks. They play a crucial role in reducing recovery timelines and building long-term resilience and stability. A heartfelt thank you to Isaac Anthony, CCRIF SPC; Lesley Ndlovu, African Risk Capacity (ARC); Aholotu Palu, Pacific Catastrophe Risk Insurance Company (PCRIC); Benedikt Signer, Southeast Asia Disaster Risk Insurance Facility (SEADRIF); Simon Young, WTW; and Sönke Kreft, MCII, for their invaluable contributions.

📌 “Financial Protection Against Climate Risks: The Global Shield in Action”

This session explored the key components of the Global Shield Support Package for Ghana, how fragile and conflict-affected states like Somalia can be supported through the Global Shield, and how the collaboration with Civil Society Organizations (CSOs) in Senegal amplifies the voices of the most vulnerable. Deep gratitude to Sebastian Lesch, BMZ; Stefano Signore, EU Commission; Lesley Ndlovu, ARC; Charlotte Norman, NADMO; Emmanuel Seck, GNDR Senegal; Abdirahman Samow, MoF Somalia; Babacar Diouf, MoF Senegal; and Veronica Scotti, Swiss Re, for sharing their expertise and insights.

Both events reinforced the importance of collaboration in advancing financial protection and resilience in the face of growing climate challenges.

The United Nations Office for Disaster Risk Reduction (UNDRR) estimates that every US $1 invested in resilience and risk reduction saves up to US $15 in post-disaster relief. This underscores the critical importance of providing countries with access to pre-arranged financing. It’s more than just a product – it’s a proven solution. Countries have already started benefiting from these mechanisms, gaining valuable experience in addressing loss and damage.

Join us in supporting nations as they confront the growing challenges of climate impacts. Together, we are making strides toward a more resilient and sustainable future for the most vulnerable.