Tripartite Agreement

Tripartite Agreement
Overview
The Tripartite Agreement is a partnership between UNDP, the German Federal Ministry of Economic Cooperation and Development (BMZ) and 20 of the world’s largest insurers under the framework of the Insurance Development Forum. The project is active in 20 countries, and protects close to 64 million beneficiaries, underpinned by US$5 billion in risk capacity offered from insurance industry partners.
Through the Tripartite Agreement, UNDP and insurance companies are working on a joint programme that includes the development of large sovereign insurance initiatives protecting society from key hazards and shocks. Alongside this, a comprehensive technical assistance programme is building long-term financial risk management capacity for governments and market capacity for local insurers.
Systems
approach
Each Tripartite country project has three dimensions: strengthening the enabling environment for insurance, designing risk finance solutions with industry partners and working with governments to build institutional capacity for solutions to scale.
Additionally, UNDP works to strengthen local insurance markets, promoting innovation and addressing the enabling regulatory environment for insurance.
Our impact
From sovereign and sub-sovereign risk transfer schemes for urban floods to initiatives addressing parametric insurance for drought and climate-vulnerable crops, the Tripartite Agreement is driving tangible impact globally.
35
Institutional and policy processes
Strengthening the enabling environment for insurance to scale
9
Insurance solutions being developed
Protecting people, businesses, jobs, agriculture and public assets
64
Million projected beneficiaries
Impacting millions of people through insurance and risk finance solutions
1k
Training programme participants
Building in-country insurance and risk finance capacity

“The Tripartite Agreement is building the financial resilience of countries and communities as a critical element of tackling climate change and safeguarding past and future development gains. The global community made a commitment at the UN Climate Summit in 2019, and all of us – governments, industry, the development sector – need to step up our work to enable climate-proof development.”
Tripartite Agreement Partners

UNDP Logo
UNDP Logo
UNDP Logo
Federal Ministry for Economic Cooperation and Development (BMZ)
The Federal Ministry for Economic Cooperation and Development (BMZ) is responsible for German development policy.
BMZ is focused on fighting poverty and hunger and has a commitment to healthy people in a healthy environment, under the framework of the Sustainable Development Goals (SDGs) and the Paris Climate Agreement. BMZ is working to support a worldwide transformation to a sustainable, climate-friendly and nature-friendly way of doing business, while also strengthening peace, freedom and human rights. BMZ is an essential part of the Tripartite Agreement (TPA), a public-private partnership between UNDP, BMZ and 20 of the world’s largest insurers under the framework of the Insurance Development Forum.

Insurance Development Forum
The Insurance Development Forum is a public-private partnership bringing together the insurance industry and international organizations.
Launched in 2016, the IDF brings together industry experts, multilateral organizations, NGOs and public sector institutions. It aims to optimize and extend the use of insurance and related risk management capabilities to build greater resilience and protection for people, communities, businesses and public institutions vulnerable to disasters and associated economic shocks. The IDF is an essential part of the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the IDF and the German Federal Ministry of Economic Cooperation and Development (BMZ).
Tripartite Agreement Insurance Industry Partners
Guy Carpenter
Guy Carpenter & Company, LLC is a leading global risk and reinsurance specialist.
With more than 3,400 professionals in over 60 offices around the world, Guy Carpenter delivers a powerful combination of broking expertise, trusted strategic advisory services and industry-leading analytics to help clients adapt to emerging opportunities and achieve profitable growth. Guy Carpenter is partnering with UNDP in the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
AXA
AXA is one of the largest global insurers, with 94 million clients in 51 countries worldwide.
AXA’s purpose is to act for human progress by protecting what matters. Its areas of expertise are applied to a range of products and services adapted to the needs of each and every client across three major business lines: property-casualty insurance, life & savings and asset management. AXA is partnering with UNDP in the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
Swiss Re
Swiss Re is a leading provider of reinsurance, insurance and other forms of insurance-based risk transfer.
Swiss Re’s global client base consists of insurance companies, mid-to-large-sized corporations and public sector clients. From standard products to tailor-made coverage across all lines of business, Swiss Re deploys its capital strength, expertise and innovation power to support the risk-taking that advances enterprise and societal progress. Swiss Re is partnering with UNDP on the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).

Blue Marble
Blue Marble incubates and implements microinsurance ventures that support the economic advancement of underserved populations.
Blue Marble is a UK corporation owned by Aspen, ASSA, Marsh McLennan, TransRe and Zurich, and delivers socially impactful, commercially viable protection to underserved communities for example providing income stability & food security solutions for smallholder farmers, and income protection safety nets for individuals and SMEs against health issues, business interruption and other threats. Blue Marble is partnering with UNDP in the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).

Howden
Howden is a leading global insurance group, with employee ownership at its heart.
Founded in 1994, it provides insurance broking, reinsurance broking and underwriting services and solutions to clients ranging from individuals to the largest multinational companies. The group operates in 55 countries across Europe, Africa, Asia, the Middle East, Latin America, the USA, Australia and New Zealand, employing 18,000 people and handling $38bn of premium on behalf of clients. Howden is partnering with UNDP on the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).

SCOR
SCOR, one of the world’s largest reinsurers, provides diversified, innovative solutions to control and manage risk.
SCOR offers cutting-edge financial solutions, analytics tools and services in all areas related to risk, in life & health as well as in property & casualty. SCOR provides its clients with value-added solutions thanks to an underwriting policy based on profitability, effective risk management and cautious investment. SCOR is partnering with UNDP in the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
Munich Re
Munich Re is among the world’s top providers of reinsurance, primary insurance and insurance-related risk solutions.
Munich Re operates in all lines of the insurance business, all around the world. With over 140 years of risk expertise and almost 43,000 employees consisting of specialists from more than 80 fields of expertise, it takes on risks of every type and complexity. Munich Re is partnering with UNDP in the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).

Hannover Re
Hannover Re is one of the world’s leading reinsurers.
Hannover Re transacts all lines of property & casualty and life & health reinsurance and has a global presence, with more than 3,500 staff. Established in 1966, Hannover Re is recognized as a reliable partner for innovative risk solutions, exceptional customer intimacy and financial soundness. Hannover Re is partnering with UNDP in the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
Hiscox
Hiscox is a leader in specialist insurance.
Expert in covering a wide range of personal and commercial risks, Hiscox is a diversified international insurance group with a strong balance sheet and plenty of room to grow. Listed on the London Stock Exchange and headquartered in Bermuda, Hiscox has over 3,000 staff across 14 countries and 32 offices. Hiscox is partnering with UNDP in the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
CelsiusPro
CelsiusPro is an Insurtech group dedicated to helping private and public organisations to understand and mitigate the financial impact of climate and NatCat risks.
We unite climate technology, data science, risk modelling, and committed risk capacity to develop bespoke parametric insurance solutions that address the growing protection gap worldwide. CelsiusPro is partnering with UNDP on the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
Allianz
The Allianz Group is one of the world’s leading insurers and asset managers.
Allianz has around 125 million private and corporate customers in nearly 70 countries, and offers personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is partnering with UNDP in the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).

Europa Re
Europa Re is a property casualty reinsurer offering reinsurance capacity for businesses worldwide.
Europa Re offers reinsurance for all major lines of business and provides support to emerging insurance markets. The company uses its in-depth expertise in catastrophe insurance to assist its member country governments, communities and private insurers to successfully manage the ever-growing risk of climate change and other catastrophic perils. Europa Re is partnering with UNDP in the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).

Gallagher Re
Gallagher Re is a full-service global reinsurance broking and advisory firm operating across the risk and capital spectrum.
Backed by Gallagher, Gallagher Re is one of the world's largest insurance brokerage risk management and benefits consulting companies, combining analytics capabilities with reinsurance expertise, strategic advisory services and transactional excellence. Their global client base includes all of the world’s top insurance and reinsurance carriers, as well as national catastrophe schemes in many countries around the world. Gallagher Re is partnering with UNDP on the Tripartite Agreement (TPA), a public-private partnership between UNDP, 20 of the world’s largest insurers under the framework of the Insurance Development Forum and the German Federal Ministry of Economic Cooperation and Development (BMZ).
Zurich
Zurich is a leading multi-line insurer serving people and businesses in global and local markets.
With about 60,000 employees, Zurich provides a wide range of property & casualty and life insurance products and services in more than 210 countries and territories. Zurich’s customers include individuals, small businesses and mid-sized and large companies, as well as multinational corporations. Headquartered in Zurich, Switzerland, it was founded in 1872. Today, in addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote well-being and enhance climate resilience. Zurich aspires to be one of the most responsible and impactful businesses in the world.
Where we
work
Tripartite Agreement Programmatic Footprint
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