Marsh McLennan Partners with UN Climate Change High-Level Champions and Arsht-Rock to Support Race to Resilience and Advance Insurance Sector Action on Climate Adaptation
09 11월 2022 - 3:00PM
Business Wire
Marsh McLennan (NYSE: MMC), the world’s leading professional
services firm in the areas of risk, strategy and people, in
partnership with the Atlantic Council’s Arsht-Rockefeller
Foundation Resilience Center (Arsht-Rock), will help mobilize the
insurance sector in support of the UN’s Race to Resilience by
championing innovative disaster risk reduction initiatives that
move communities from a reliance on recovery to focusing on
resilience. Race to Resilience is a global campaign catalyzing a
step-change in global ambition for climate resilience.
“Through this initiative, we are showcasing the world’s most
innovative and impactful insurance-based climate adaptation
projects and applying a simple and clear framework for industry
engagement,” said Dr. Mahmoud Mohieldin, UN Climate Change
High-Level Champion for Egypt, COP27. “Our aim is to scale amongst
others, the (re)insurance sector’s impact on climate adaptation and
facilitate engagement with projects in need of support.”
Julian Enoizi, Global Head of Public Sector Risk Solutions, Guy
Carpenter, a business of Marsh McLennan: “We are proud to be
engaged in this work today, partnering with government and insurers
to build public-private partnerships that help communities build
resilience to climate change. Through effective financial
investments and targeted on-the-ground interventions, the global
insurance industry can help increase our resilience to a hotter,
more volatile planet.”
The campaign features 17 projects which are redefining the role
of insurance in global disaster planning. Marsh McLennan’s
businesses and Arsht-Rock are directly involved in several of these
projects, including a pilot for a community-based catastrophe
insurance model for vulnerable populations in New York City, a
blended capital funding structure in Santiago, Chile, and
integrated disaster risk reduction and microinsurance programs in
Mexico and India.
“We know that a dollar invested in disaster preparation and
prevention saves up to eleven dollars in response funding.
Ironically, 88 percent of all disaster relief comes after the
catastrophe,” said Kathy Baughman McLeod, Senior VP and Director,
Adrienne Arsht-Rockefeller Resilience Center. “Imagine the human
pain and economic loss that we could prevent if we could reverse
this model.”
This initiative will launch at COP 27 on November 10 at 10:00
a.m. EET as part of the High-Level Champions and Marrakech
Partnership programme on resilience.
An accompanying report Fulfilling a Legacy of Societal Risk
Management features more information about the initiative, the
capabilities framework and the pioneering projects.
Following the conference, the UN Climate Change High-Level
Champions, the Adrienne Arsht-Rockefeller Foundation Resilience
Center, Marsh McLennan and other supporters will dialogue with
(re)insurers globally to seek their participation in scaling these
projects and engage on potential approaches to accelerate the
sector’s impact on these issues.
More information about how Marsh McLennan and its four global
businesses – Marsh, Guy Carpenter, Mercer and Oliver Wyman – are
working with clients to embed climate change strategies into their
priorities as well as the Company's COP27 initiatives is available
here.
About Marsh McLennan Marsh McLennan (NYSE: MMC) is the
world’s leading professional services firm in the areas of risk,
strategy and people. The Company’s 86,000 colleagues advise clients
in 130 countries. With annual revenue of over $20 billion, Marsh
McLennan helps clients navigate an increasingly dynamic and complex
environment through four market-leading businesses. Marsh provides
data-driven risk advisory services and insurance solutions to
commercial and consumer clients. Guy Carpenter develops advanced
risk, reinsurance and capital strategies that help clients grow
profitably and pursue emerging opportunities. Mercer delivers
advice and technology-driven solutions that help organizations
redefine the world of work, reshape retirement and investment
outcomes, and unlock health and wellbeing for a changing workforce.
Oliver Wyman serves as a critical strategic, economic and brand
advisor to private sector and governmental clients. For more
information, visit marshmclennan.com, follow us on LinkedIn and
Twitter or subscribe to BRINK.
About the Adrienne Arsht-Rockefeller Resilience Center
The Adrienne Arsht-Rockefeller Foundation Resilience Center
(Arsht-Rock) at the Atlantic Council builds individual and
community resilience in the face of climate impacts. We are driven
to action by the critical need to address the widespread and
intensifying consequences of climate change and related risks —
threatening our communities, natural ecosystems, economic
development, and political stability. We pledge to reach one
billion people around the world with resilience solutions to
climate change by 2030. For more information visit
onebillionresilient.org.
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Media: Amelia Woltering Marsh McLennan +1 347 703 5358
amelia.woltering@mmc.com
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