You are here
Home » Global resilience project
Global resilience project
A global approach to disaster risk reduction
The IAG-led Global Resilience Project (GRP) is the key part of our commitment to the UN Principles for Sustainable Insurance Initiative. There are three phases to this project.
The first phase was a comprehensive analysis of the cost to build risk mitigation measures for cyclone, earthquakes and floods events, the economic benefits they brought and the potential to save lives and communities. When that work highlighted inconsistencies in available data as a significant barrier, the Project launched the second phase of the GRP, the Global Risk Map.
The Global Risk Map, was launched in New York in June 2015 with widespread endorsement from the UN, the disaster prevention community and media. The interactive map covers major natural disasters over the past 115 years; the social and economic devastation caused by cyclones, floods and earthquakes; and identifies the most vulnerable regions/countries. It is the first time insurance data has been combined with other key global natural disaster statistics. This ground-breaking online tool will help governments, businesses, NGOs and local communities better visualise the full impact of disasters and identify areas of high vulnerability.
The third phase of the GRP focuses on effective approaches for global outreach and stakeholder advocacy to support cost-effective investments in pre-disaster resilience, creating opportunities for more affordable, accessible and scalable insurance solutions.