NRCP Discloses its Commitments to the UNEP FI Principles of Sustainable Insurance

Disclosure #1 (commitments for September 2014 to September 2015) see Commitment Form

Disclosure #2 (commitments for September 2015 to September 2016):

NRCP convened its clients and the Philippine insurance regulator in its two Annual Technical Fora in September 2015 and 2016. The fora aimed to provide an avenue for discussion on determining risk appetites and strategy, setting retention limits, and adjusting to the new risk-based capital framework.

NRCP participated in fora focused on promoting the role of the insurance industry in managing disaster risk through solutions and partnerships in risk assessment and transfer. NRCP attended an event organized by PSI Initiative and the Philippine insurance trade association held in support of the 2016 Forum of the UNFCCC’s Standing Committee on Finance. NRCP also participated as a resource speaker at the Top Leaders Forum of the Philippine arm of the UNISDR Private Sector Alliance for Disaster Resilient Societies (ARISE).

NRCP provided its clients technical advisory in managing their risk exposures and improving their risk transfer mechanisms by using catastrophe models and reserving tools.

NRCP has been a signatory company (unepfi) to the UNEP PSIs since 2015.