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International cooperation

QBE Foundation Partners with Humanity Insured to Support Climate-Vulnerable Communities in Asia

Strategic Insights

— 1 min read

The QBE Foundation has formed a significant global partnership with Humanity Insured to support the most climate-vulnerable communities in Asia. This ambitious initiative aims to provide financial inclusion and affordable insurance to communities on the forefront of the climate crisis. QBE Foundation will commit approximately GBP £500,000 over two years to support smallholder farmers, coastal communities, urban informal workers, and displaced people. This collaboration focuses on enabling people to access and pay for new forms of insurance, while also providing resilience training and other forms of support.

Key Takeaways:

  • QBE Foundation will partner with Humanity Insured to support climate-vulnerable communities in Asia over two years, committing approximately GBP £500,000 in total.
  • The partnership will focus on financial inclusion and affordable insurance, providing resilience training and other forms of support to smallholder farmers, coastal communities, urban informal workers, and displaced people.
  • QBE Foundation's commitment will involve a staged approach, with GBP £250,000 allocated for the first year and GBP £250,000 for the second year.
  • Beneficiaries of the partnership will include smallholder farmers, coastal communities, urban informal workers, and displaced people.
  • QBE Asia teams will have the opportunity to collaborate with Humanity Insured, contributing to project development, sharing expertise, and exploring ways to strengthen climate risk resilience throughout Asia.
  • Rob Kosova, CEO of QBE Asia, expressed QBE's commitment to supporting communities vulnerable to climate risk, stating, "At QBE, we believe in the power of insurance to create meaningful change."
  • Charlie Langdale, CEO of Humanity Insured, emphasized the importance of the partnership, stating, "This partnership strengthens our ability to deliver on that mission, and we are thrilled to be working together to expand access, build resilience, and support communities on the frontlines of climate change."

Statistics:

  • Approximately GBP £500,000 will be committed to the partnership over two years.
  • GBP £250,000 will be allocated for the first year, and GBP £250,000 for the second year.
  • The partnership aims to support smallholder farmers, coastal communities, urban informal workers, and displaced people.
  • QBE Asia teams will collaborate with Humanity Insured to develop projects and enhance climate risk resilience throughout Asia.

Sources:

  • "QBE Insurance Group Limited." QBE Forms New Global Partnership with Humanity Insured | english.bloomberg.com, 29 July —
  • "QBE Insurance Group Limited." Contify.com, 2017, [www.contify.com](http://www.contify.com).

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