Egyptian insurance industry to develop national sustainable insurance roadmap in partnership with UN Environment
Cairo/Geneva, 7 May 2019 —Egyptian insurance industry leaders and financial regulators, UN officials and key stakeholders gathered in Cairo last month to discuss ways to tackle major sustainability challenges—from climate change, pollution, water scarcity and disaster vulnerability; to social inequality, health risks, and the insurance protection gap. The event, Shaping the sustainable insurance agenda in Egypt , produced a pioneering initiative to develop a national sustainable insurance strategy and action plan—or a “roadmap”—by 2020. This roadmap aims to harness the triple role of the Egyptian insurance industry as risk managers, insurers and investors for economic, social and environmental sustainability—in other words, sustainable development. The event was co-organised by UN Environment’s Principles for Sustainable Insurance Initiative (PSI) —the largest collaborative initiative between the UN and the global insurance industry—and by the Egyptian Financial Regulatory Auth...