Solutions Catalyst for innovative risk transfer.
The Insurance for Good Solutions Catalyst is a program of partnership with communities, non-profits, or the public sector on innovation in risk transfer to address social and environmental goals.
The problem.
As the risk of climate extremes increases, it is stressing our property insurance markets as well as our other disaster financing approaches, most of which were designed for a world of lower and stationary risk. In addition, evidence is growing that too many households are slipping through the cracks of our disaster safety net.
In the face of these challenges, innovation to provide more complete and equitable recoveries and drive greater investments in risk reduction and resilience are paramount.
Solutions Catalyst.
Insurance for Good provides the resources, capacity, and expertise to guide partner communities through an intensive solution development program built on our philosophy that risk transfer solutions should be research-informed, community-led, and designed for long-term sustainability.
Achieving impact requires expertise and resources dedicated to risk transfer innovation and deep partnerships with a cross-sectoral team of collaborators—a unique ability of Insurance for Good.
Meet our current Solutions Catalyst partners.
Philadelphia
The low-lying Eastwick neighborhood in Southwest Philadelphia has experienced repeated floods, and climate change threatens to increase the frequency and intensity of these events. Residents struggle to find appropriate and affordable flood insurance protection, leaving them vulnerable to financial hardships after floods. Insurance for Good, the City of Philadelphia Office of Sustainability, and Eastwick United CDC are partnering to assess the feasibility of new and innovative flood insurance products for residents.
OneShoreline
The San Mateo County Flood and Sea Level Rise Resiliency District, also known as OneShoreline, is an independent government agency that works across jurisdictional boundaries to secure and leverage public and private resources for the long-term resilience of our region. OneShoreline and Insurance for Good are working innovative approaches to integrate resilience with disaster insurance for residents.