Context Recently, ten global organisations with partial funding and in-kind contributions from the insurance sector and partner institutions have launched a Global Resilience Index Initiative (GRII) at COP26.
About GRI initiative
It will provide a globally consistent model for the assessment of resilience across all sectors and geographies.
It will use cross-sector risk modelling experience, including public-private partnerships between governments, academia, insurance and engineering.
Mission: To address the data emergency that is contributing to the climate crisis by helping sectors build climate resilience .
The coalition wants to achieve two immediate goals:
Provide global open reference risk data developed using insurance risk modelling principles.
Provide shared standards and facilities applicable to a wide range of uses
GRI will be a curated, open-source resource with many potential applications in risk management.
It can play an important role by creating a shared understanding of mounting physical climate risks.
GRII partners and supporters are:
Coalition for Climate Resilient Investment (CCRI).
Fathom.
Coalition for Disaster Resilient Infrastructure (CDRI).
GEM Foundation.
Insurance Development Forum (IDF)
Oasis Loss Modelling Framework.
UK Centre for Greening Finance and Investment (CGFI).
United Nations office for Disaster Risk Reduction (UNDRR).
