Munich Climate Insurance Initiative

The Munich Climate Insurance Initiative (MCII) was initiated in April 2005 in response to the growing realization that insurance solutions can play a role in adaptation to climate change, as suggested in the Framework Convention and the Kyoto Protocol. This initiative is hosted at the United Nations University Institute for Environment and Human Security (UNU-EHS) and is formed by insurers, climate change and adaptation experts, NGOs, and policy researchers intent on finding solutions to the risks posed by climate change. MCII provides a forum and gathering place for insurance-related expertise applied to climate change issues. MCII strives to fulfil four objectives: - Develop insurance-related solutions to help manage the impacts of climate change - Conduct and support pilot projects for the application of insurance-related solutions, in partnerships and through existing organizations and programmes. Identify success stories and disseminate information about the factors that are necessary to design and implement effective climate insurance-related mechanisms. The emphasis in such actions will be on developing countries, while simultaneously evaluating insurance designs that have been used in developed countries - Promote insurance approaches in cooperation with other organizations and initiatives within existing frameworks such as the United Nations system, International Financial Institutions, international donors, and the private sector - Identify and promote loss reduction measures for climate-related events