A step forward: Building Sme Resilience In Asia

At Generali, our commitment to sustainable development is deep and unwavering. In an era of growing uncertainty, we are joining forces with the United Nations Development Programme (UNDP) to reshape the insurance landscape and make a lasting global impact.

Generali and UNDP Partnership is a unique partnership aiming to boost access to insurance and risk finance solutions to reduce the protection gap and increase the socio-economic wellbeing of some of the world’s most vulnerable people and places.

Within the framework of the partnership, on March 6th 2024 Generali and UNDP came together in Kuala Lumpur, Malaysia, with representatives from the Malaysian Ministry of Finance, Bank Negara Malaysia, the SME Association of Malaysia as well as the insurance and financial communities to present concrete solutions on how to boost SME resilience against climate change and other risks.

The event featured:

• the launch of a joint research report titled “Building MSME Resilience in Southeast Asia”;
• the introduction of the SME Loss Prevention Framework - a digital tool for Malaysian SMEs to better understand and manage growing climate and weather-related risks;
• and the showcase of innovative solutions for SME protection in Malaysia in the framework of the Insurance Innovation Challenge Fund Malaysia.