Generali joins Insurance Development Forum’s Infrastructure Resilience Development Blueprint

  • Increasing its involvement with Insurance Development Forum’s blueprint for green infrastructure, the Group contributes to enhancing vulnerable communities’ resilience to climate change and natural disasters in emerging and developing economies

  • Generali reaffirms its commitment to public-private partnerships and to providing protection in the face of uncertainty through insurance and investment solutions, as part of a collective effort to promote sustainable development

Generali announces its support for the Insurance Development Forum’s Infrastructure Resilience Development Blueprint. This initiative aims to mobilise and facilitate insurance sector investments in infrastructure that will enhance the resilience of vulnerable communities in emerging and developing economies to risks from climate change and other natural disasters.

The Insurance Development Forum is working with BlackRock to put its Blueprint into action, leveraging the global asset manager’s significant infrastructure investment and blended finance expertise and familiarity with insurance industry investment requirements. The Insurance Development Forum’s ultimate aim is to provide a replicable, scalable solution for infrastructure resilience projects that can come to market quickly and thereby lead to near term measurable positive outcomes for the resilience of vulnerable communities.

The Insurance Development Forum’s Infrastructure Task Force launched the Blueprint concept earlier this year, designed as a catalyst for driving greater mobilisation and more impactful insurance sector investment into the development of smaller to mid-size commercial infrastructure projects in developing and emerging markets.
This includes potential investments in a diversified range of greenfield and brownfield commercial infrastructure projects in sectors such as renewable energy, water, waste, transportation, social (e.g., hospitals, education, and government-backed housing), digital infrastructure and telecommunication.

The participation to these efforts comes in the same spirit as the Partnership for Global Infrastructure and Investment launched within the G7 to support the development and economic growth of the most fragile nations, particularly in Africa and Asia.

Francesco Martorana, Generali Group Chief Investment Officer, said: “The insurance sector can play a key role in promoting future-proof growth and supporting greater resilience and protection for families, communities and businesses. This is particularly urgent if we consider the increase in natural disasters, where the protection gap is transversal in all markets but even more so in emerging economies. Participation in the Infrastructure Resilience Development Blueprint confirms our strategic objective to be an active part of public-private partnerships for the sustainable development of adequate and resilient infrastructure.”

Michel Liès, chair of the Insurance Development Forum’s Steering Committee, said: “We are pleased to have Generali on board with this pivotal initiative. Their expertise and unwavering commitment have significantly enhanced our collective efforts in constructing resilient infrastructure and protecting communities from climate risks. The momentum behind the Infrastructure Resilience Development Blueprint is growing rapidly, and Generali’s support stands as a strong commitment of the Insurance Development Forum to mobilise impactful insurance sector investments to achieve tangible, near-term results for vulnerable populations.”

As a responsible corporate citizen, Generali is strongly committed to public-private partnerships and to supporting through its expertise public bodies to reach their objectives. Through its ongoing commitment in the framework of the multi-year partnership with UNDP’s Insurance and Risk Finance Facility, Generali is also contributing towards the InsuResilience Vision 2025 and the UN 2030 Agenda for sustainable development, as well as to reducing the protection gap for vulnerable communities worldwide.