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The UN Environment’s Principles for Sustainable Insurance Initiative is the largest collaboration between the United Nations and the insurance industry. It announced its partnership with the Microinsurance Network, a global multi-stakeholder platform for the international microinsurance community of experts and institutions.
The partnership is expected to advance the social and financial inclusion dimension of sustainable insurance with the goal of closing the insurance protection gap.
Katharine Pulvermacher, Executive Director of the Microinsurance Network said in an interview: “We are committed to achieving our vision of a world where people of all income levels - particularly the underserved, are more resilient and less vulnerable to daily and catastrophic risks. We believe that access to insurance and better risk management to reduce vulnerabilities are essential to sustainable development, and the world’s poor will not achieve lasting prosperity without them”.