Developing Risk Management Approaches for Climate Risks

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Developing Risk Management Approaches for Climate Risks

The Strategic Alliance GIZ-Allianz-BIMA is a collaboration between the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, Allianz SE, Allianz Re and BIMA MILVIK, which joined forces to support governments, SMEs and households across the globe in strengthening their risk management plans. On the topic of climate risk, the project is currently working in Morocco and Ghana, developing integrated risk management solutions that incorporate insurance products.

Vulnerability to climate change and natural disasters is increasing worldwide. Strategies must be developed to better prepare for the risks and consequences of the increasing frequency and greater intensity of extreme weather events. Behavioural change, regulation, awareness, eco-friendly structural planning and green investment strategies must also be promoted and incentivised.