Building SME resilience

In 2024, Generali expanded its flagship SME EnterPRIZE project in Asia, building on the engagement carried out over the past years with thousands of SMEs from across Europe to celebrate and nurture a culture of sustainability.

On the occasion, an event was organized together with UNDP a well as 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 Kuala Lumpur 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.
   

The 2024 local edition of SME EnterPRIZE in France awarded three French small and medium businesses that stood out thanks to their sustainable business models during an event at the Ministry of Economy, Finance, and Industrial and Digital Sovereignty.

Organised in partnership with UNDP, the event also featured a round table dedicated to SME resilience to climate risk, with the participation of experts from Generali, RiskCare.eu, and UNDP itself. Looking also at the commercial relations existing between French and other countries’ small and medium businesses within international markets, the discussions highlighted the importance of protecting the most vulnerable SMEs and developing innovative solutions to ensure their durability and resilience.

Generali and UNDP are expanding their continued commitment to build the resilience of micro, small, and medium-sized enterprises with a new collaboration in Thailand, building upon their global partnership. The initiative aims to enhance the growth and sustainability of MSMEs in the country, as they are crucial to its economic structure, and to help them prepare for future challenges.

Focusing on the need to develop strategies for both loss prevention and social protection, the partnership aims to create an SME Social Protection Framework, a risk assessment tool designed to improve the overall readiness of entrepreneurs and raise awareness of the risks they face whilst also providing strategies to mitigate these. This includes narrowing the protection gap for business operators through insurance solutions designed to strengthen business stability and sustainability.

Generali Deutschland and UNDP organized an event dedicated to MSME resilience and global value chains in the context of rising climate-related risks and impacts.

Speeches and roundtables focused in particular on the consequences for small and medium enterprises, vulnerable markets, their social environment and global supply chains, as well as on the actions and programmes undertaken for the promotion of new, resilient economic opportunities for MSMEs.