Leading up to and during the COP23, there have been a lot of discussions on climate change, disaster risk reduction and parametric insurance. I am therefore very pleased that we have moved a step further from just discussing and planning as we launch the Pacific Insurance and Climate Adaption Programme today.
This means that we will rely less on re-active measures and focus on an initiative that builds resilience by providing agile and immediate post-disaster financing through market led disaster risk financing instruments.