Kathmandu. The Insurance Development Forum (IDF) has come up with a five-year strategy to provide access to insurance in developed emerging economies.
The forum has come up with ‘Adopt and Scale 2025-30’ strategy. As part of this strategy, the Forum will take an initiative in managing the risks and financial problems caused by global climate change and natural disasters.
Specifically targeting developed and emerging economies, the Forum will focus on risk management and financial problem solving. In its annual report for 2024, the forum said that there are many challenges due to the lack of access to insurance in old physical infrastructure.
The forum has initiated an institutional review of the demand for insurance related to geopolitics and the economy. The Forum has promoted the implementation of programs and policies related to increasing the impact of insurance in the world with insurance. The forum believes that new steps should be taken to address the challenges related to insurance seen in the health and general services sector.
The forum aims to expand the inclusive safety standards against emerging risks. The forum believes that public-private partnership should be emphasized for this.
The forum has suggested that insurance solutions should be explored at regional and national level keeping in mind the needs of the locals. – Agency
