The 4th Principles for Sustainable Insurance (PSI) Africa Market Event will translate the United Nations Sustainable Development Goals (SDGs) in the context of the African insurance industry.
The UN Sustainable Development Goals (SDGs) a shared vision to end poverty, rescue the planet and build a prosperous and peaceful world—are gaining global momentum. While progress is being made in many places, action to meet the SDGs is not yet advancing at the speed or scale required. In this vein, the UN’s Decade of Action offers an unprecedented opportunity for the global insurance industry to scale up action and impact through a set of “Insurance Sustainable Development Goals” that would harness insurance products and solutions to help achieve the SDGs.
The UNEP FI Principles for Sustainable Insurance (PSI) initiative is currently developing a set of “Insurance Sustainable Development Goals” (iSDGs). The iSDGs are ambitious, quantitative, insurance product/solution-specific goals at the global insurance industry level. For each iSDG, a roadmap at the global insurance industry level (“industry roadmap”) and targets at the insurance company level (“company targets”) will be developed, with the aim to increase the penetration of existing SDG-supporting insurance products and solutions, and develop new SDG-supporting products and solutions that are needed. The initiative also aims to develop methods and toolkits for the insurance industry and key stakeholders on how to measure progress in achieving the SDGs in the context of the impact of insurance products and solutions.
Join the discussion on key SDG-relevant sustainability challenges and opportunities for Africa, including the insurance protection gap, the resilience and sustainability of cities, and food and agriculture systems. Considering the current COVID-19 circumstances, the latest pandemic situation and the subsequent changing African sustainability landscape will also be considered throughout the day.
The event is convened by UN Environment Programme Finance Initiative’s Principles for Sustainable Insurance (PSI) initiative and hosted by ICEA Lion Group. This event is also being supported by FSD Africa and African Risk Capacity and will be held in a hybrid manner: In-person in Nairobi, Kenya and virtual connection for international participants. PSI Africa Market Events convene PSI members and other leading insurance organisations (Africa-domiciled organisations and global organisations with African operations), insurance regulators, city/local and national government officials, key international initiatives, business and industry, civil society organisations, and academia.
Fireside chats with senior global leaders:
The PSI Africa Market Event is an annual event. Previous PSI market events were hosted by Santam Insurance in Johannesburg (2018), Continental Re in Lagos (2019) and Zimnat in Victoria Falls (2020). This was originally published by United Nations Environment Programme Finance Initiative