Insurance Development Forum

And, and if you can bring in pre-disaster finance and, and increase that in that, or, or mitigate that protection gap, that is bringing in the kind of not just insurance itself, but also the risk mitigation that sort of insurance tends to bring with it is enormously effective.

And, uh, we work closely, there's a organization, uh, called the, um, the Insurance Development Forum, which we are a part of.

It was set up 10 years ago.

It's a tripartite institution with the World Bank and the UNDP and is led by a, a group of insurers, and that's all about trying to expand the footprint of insurance in the, in the developing world, and indeed, the kind of risk modeling capabilities.

In a, in a w- way that's, you know, managed, in a, in a way that's managed sensibly, um, and commercially.

Also, we can invest in, insurers can invest in infrastructure.

And in fact, one of, there's a very good, um, new fund called the Infrastructure Resilience Development Fund- Mm-hmm ... which was initiated by the Insurance Development Forum, but was, is deliberately trying to target insurance assets being invested in areas of the emerging markets, middle income economies, infrastructure where it wouldn't normally, you, you know, because of our conservative risk appetites, normally we, it would be more difficult for insurers to invest there.

But this has been structured in such a way that the World Bank's investment arm, the IFC, is taking the junior tranche, and we as insurers, as insurers, asset managers, are taking the sort of senior tranche.