Program Objectives

• Build shared understanding of communities’ insurability challenges, and strengthen relationships among stakeholders who can collaborate to address these challenges. 

• Learn about new ways to measure, manage and equitably allocate the total costs of risks posed by climate hazards.

• Develop a shared agenda of place-based, community-led strategies that can overcome insurability challenges and enhance communities’ economic and physical resilience.

• Identify opportunities to test these strategies in fundable community-based pilots that will integrate insurability planning into economic development for resilience.

• Outline objectives for policy action in local, state, and federal governments to support communities and the insurance industry in implementing this community-centered agenda.

During the 3 months following the event, The InnSure team will …

• provide limited-in-scope support for individual communities working to turn identified strategies into fundable proposals.

• host conference calls to allow communities to share challenges, learnings and insights between communities.

• support circulation of proposals to interested funders. This will include a follow on event that will allow interested communities to pitch programs to interested philanthropies, impact investors & insurance innovators.

• engage insurance industry innovators across the insurance value chain to catalyze R&D support for specific new solutions needed by communities to close protection gaps and capture the value of resilience investments.

Long-term Goals

• Physically and financially resilient communities.

• Reduced total cost risk equitably allocated through pre-arranged risk financing.

• Community planners take back control of insurance markets that are failing them now.

Program Logistics:

• Date: Late July TBD

• Location: TBD

• Details:

  • Space is limited to 25 communities with up to 2 local leaders participating from each community. Suggested participants include electeds/staff, economic development leaders, resilience planners, finance and risk managers.

  • Communities from active pilot communities will be invited and prospective pilot communities may apply using the community intake form.

  • Up to 20 additional stakeholders such as insurers, state and federal government leaders, engineering firms, technology solution providers, alternative risk capital providers and program sponsors will be invited.