Generali takes part in the Insurance Development Forum’s Summit
Generali took part in the 2024 Insurance Development Forum (IDF) Summit that focused on the theme "Why Insurance Matters: Prevent, Protect, Provoke”. The event aimed to discuss the value of insurance in a changing risk landscape and its role in prevention and protection, in addition to identifying tangible contributions on how to bridge the funding gap in emerging markets’ infrastructure - which is estimated at USD 1.3 trillion - and boost the resilience of vulnerable communities.
Mirko Sartori represented Generali and intervened during a panel dedicated to building small and medium-sized enterprises (SME) resilience together with Eyob Tekalign Tolina, State Minister of the Federal Democratic Republic of Ethiopia’s Ministry of Finance; Herbert Asiimwe, Head of Financial Sector Development at the Ministry of Finance and Economic Planning of the Republic of Rwanda; and Brigitte Balthasar, Senior Disaster and Climate Risk Financing Specialist of the Asian Development Bank’s Climate Change and Sustainable Development Department.
The aim of the discussion was to shed light on specific challenges SMEs have to face, including limited access to affordable insurance solutions and a lack of awareness regarding risk management strategies, and to deliver concrete solutions on how to support sustainable development and reduce the protection gap for vulnerable communities.
Generali shares and pursues these goals through initiatives such as SME EnterPRIZE, which supports SMEs in their transition to socially and environmentally sustainable business models, and in the framework of its multi-year partnership with UNDP’s Insurance and Risk Finance Facility. In this context, Generali and UNDP have recently hosted an event in Kuala Lumpur dedicated to building SME resilience in Asia and presented, among other things, the SME Loss Prevention Framework - a digital tool to raise the readiness and awareness of SMEs to the risks facing vulnerable communities, starting in Malaysia with the flood risk.
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 to offering enhanced and extended protection to people with both investment in resources and capabilities and with insurance solutions, 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.
