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Disaster Risk Facility

Protecting those most impacted by climate change

The Disaster Risk Facility (DRF), launched in 2015 seeks to close protection gaps for the countries and communities around the world most impacted by disasters. This may include countries where insurance has traditionally been unaffordable or doesn’t exist at all. 

The consortium, made up of five Lloyd’s syndicates engages with governments, municipalities, and multilateral organisations around the world and is peril agnostic in its support for vulnerable communities, implementing pre-arranged risk financing to reduce the cost, impact and recovery time following a disaster by ensuring financial support reaches those who need it most.

“In a world experiencing climate change, population growth, and economic and geopolitical uncertainty, the risk environment is the highest we’ve faced in a generation.

“As an industry we must continue to push the boundaries of how we apply our expertise, investing in product innovation, with the objective of closing the insurance protection gap and therefore contributing to societal and economic resilience against an ever-changing universe of risks.”
Panayotis Koulovasilopoulos, Chair of the Lloyd’s Disaster Risk Facility and Senior Underwriter Hiscox

Recent projects

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Please contact us for more information or to discuss a new opportunity with the Lloyd’s Disaster Risk Facility.