Financial Resilience for MSMEs: A Climate Risk Strategy for Banks, Cooperatives, and MFIs

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Presented by

Gabriel Perez, Coordinadora regional, Latinoamerica y el Caribe

About this talk

Join the V20 Sustainable Insurance Facility for a special webinar launching the new “100 Banks Strategy” to an audience in the Latin America and Caribbean Region. This webinar, conducted in Spanish, will be the first public introduction to the updated theory of change for how insurance can be best utilised to protect the economies of climate-vulnerable nations. The 100 Banks Strategy is designed to qualify working solutions to the insurance gap for micro, small, and medium-sized enterprises (MSMEs) in climate-vulnerable economies by assessing the climate risk of an entire investment portfolio. This approach to combining climate risk presents previously unavailable opportunities for insurance cover by overcoming the problem of scale in grouping these smaller-value insurance premiums, making them more viable for insurers to underwrite. The 100 Banks Strategy addresses the problem of the insurance gap for MSMEs in V20 Nations by enabling banks to act as demand aggregators for insurance policies for small businesses within their investment portfolios. This system facilitates easier access to insurance for these businesses while supporting banks in managing their glowing climate-related financial risks. The webinar will be hosted by Gabriel Perez, Latin America and Caribbean Coordinator for the V20 Sustainable insurance facility, leading a conversation with regional industry leaders who will discuss the broader issues, such as the institutional challenges in developing MSME lending products, climate risks and credit risk management, MSME impact and adaptation strategies, and implementing solutions and strengthening financial resilience. Speakers will include: • Lina María Toro, Líder de Finanzas Sostenibles Colombia - Banco Davivienda • Gina Carvajal Vega, Gerente General Corporativa del Banco Popular • Oscar Fernando Hernández Diaz, Gerente de Sostenibilidad en Bancamía
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United Nations Environment Programme Finance Initiative (UNEP FI) is a partnership between United Nations Environment and the global financial sector
created in the wake of the 1992 Earth Summit with a mission to promote sustainable finance. More than 240 financial institutions, including banks, insurers,
and investors, work with UN Environment to understand today’s environmental, social and governance challenges, why they matter to finance, and how to
actively participate in addressing them. UNEP FI’s work also includes a strong focus on policy – by facilitating country-level dialogues between finance pract…