The Nairobi Declaration on Sustainable Insurance

Christian Jahn Commission Manager, Private& Financial Sector support at Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH during a recent NDSI ESG workshop in Ghana bringing together the regulator and industry. Accelerating#climatechange is increasing resultant climate risks are demanding greater role by the insurance sector to champion transition to low carbon economies. For many insurers in Africa, they are keen to make early steps to mainstream ESG in their business models and developing climate related products. As the second largest insurance industry association in Africa, The Nairobi Declaration on Sustainable Insurance is committed to walk hand in hand with them to build capacity and provide technical support on matters #ESG Maria Karuru-Mwangi Elizabeth Njambi Elias Omondi Kelvin Massingham Titus Kisenga National Insurance Commission, Ghana Michael Kofi Andoh Liz Booth

Congratulations to CIC Insurance Company , an NDSI member on launching their first Sustainability Report! We celebrate our members’ pursuit of enhanced sustainable insurance practices which will drive our shared NDSI objectives forward. #Sustainability #SustainableInsurance Damaris Wambua- Maina, CPA (K), Bcom, MBA, PMP® Patrick Nyaga Zillah Malia Maria Karuru-Mwangi

We are stoked to announce that Insursa has officially joined NDSI! This partnership marks a significant milestone in our commitment to sustainability and responsible financial practices. By joining the NDSI, Insursa pledges to integrate sustainable principles into its operations, ensuring a more resilient future for the people and the planet. Vivek Sethia - Insursa Founder and President, expressed enthusiasm for the move: “ At Insursa, we are proud to be associated with the Nairobi Declaration on Sustainable Insurance. We are committed to ESG principles and sustainability goals. Our cutting-edge solutions enable insurers to effortlessly bring sustainable products to market, reflecting our dedication to innovation and environmental stewardship. “ #SustainableInsurance #NDSI #SocialImpact #UNSDGs

NDSI has been on a good growth momentum over the last 3 years, registering more than 200 signatories to become the 2nd largest African insurance industry association in the continent and making waves in mainstreaming sustainable insurance. This is important in building resilience for African businesses and communities. In the few years we have made significant strides in forming solid partner engagements that have set the foundation for the scale up of projects in the industry including working with the UNEP PSI and the African Development Bank. We are also providing an African Insurance voice to the development of an African ESG Taxonomy in conjunction with the AfDB as well as rolled out a Learning and Development programme for its members commencing with interactive webinars on ESG concepts, strategy development that will culminate in the development of an ESG roadmap for sector players. Here is Monday Utomwen, Group Head, ERM& Compliance at WAICA Reinsurance Corporation PLC, one of our proud members speaking on #ESG Maria Karuru-Mwangi Elias Omondi Jonathan Israel Kelvin Massingham Dorothy Maseke ,CFIRM Zillah Malia Elizabeth Njambi Liz Booth

We're thrilled to announce that Credsure has signed The Nairobi Declaration! Chakanyuka Nziradzemhuka, MIFM, CredSure’s Managing Director, shared their enthusiasm for this initiative: “We are committed to embedding sustainability into our business practices, recognizing the critical role insurance plays in building resilient communities and mitigating climate change. By signing the Nairobi Declaration, we reaffirm our dedication to advancing ESG risk management, promoting inclusive insurance solutions, and supporting a net-zero emissions economy.” #SustainableInsurance #NDSI #SocialImpact #UNSDGs

It’s time to celebrate the growth of the NDSI! After a whirlwind 3 years, we have finally arrived at 200 signatories in 36 African countries! In this day and age, where environmental and climate risks are emerging as critical for the African people, the NDSI initiative aims to support the insurance sector to strengthen its role in building the resilience of African businesses and communities. We are excited to welcome our 200th signatory Sanlam Chief Sustainability Officer Abel Sakhau- Sustainability Officer, highlighting the critical impact that the African insurance sector can have in the region by not simply being spectators but providing solutions to the emerging environmental challenges we are facing. #sustainableinsurance #NDSI Maria Karuru-Mwangi Zillah Malia Kelvin Massingham Britam AAR Insurance APA Insurance Limited Association of Kenya Insurers [AKI] AFAH Publishing Africa Specialty Risks AIO - African Insurance Organisation African Risk Capacity (ARC) Group Awash Insurance BeNew Insurance Cenfri Continental Reinsurance CIC Insurance Company EllGeo Re ICEA LION Group Geminia Insurance Co Ltd Old Mutual Limited Kenbright Minet Kenya Prudential plc

The Nairobi Declaration on Sustainable Insurance is proud to welcome Kenya Reinsurance Corporation as its newest signatory. Sharing his motivation, the Group Managing Director Dr. Hillary Wachinga stated that this marks a reaffirmation of their commitment to delivering true value to stakeholders by addressing sustainability risks and embracing responsible business practices. #Sustainability #ResponsibleBusiness #KenyaRe

Together, let's turn our commitments into actions and lead the charge towards a more sustainable future. 🌱💼 It's not just about signing the The Nairobi Declaration on Sustainable Insurance but to take actionable steps towards integrating sustainability into their core operations. By developing innovative sustainable insurance solutions and mobilizing capital for sustainability projects, we can drive meaningful progress.

#HappeningToday at the 46th Organisation of Eastern and Southern Africa Insurers (OESAI) Conference. We’re excited to share that Elias Omondi and Zillah Malia are representing #NDSI Their participation highlights our commitment to advancing sustainable insurance solutions and engaging in meaningful conversations on climate risk resilience. Elias and Zillah are actively involved in key discussions, exploring innovative approaches, and connecting with industry leaders to further our mission. Catch their sessions below. #OESAI2024 #SustainableInsurance #ClimateRisk #NDSI #Innovation #ConferenceUpdates FSD Africa, Titus Kisenga, Maria Karuru-Mwangi, Kaara Wainaina

Financial services hold a vantage position in allocating and insuring capital. Thus, they are expected to play a lead role in enhancing sustainability across the investment landscape in #Africa. But how can the insurance sector mainstream sustainability more, how can it develop products that protect environment and nature? FSD Africa Risk and Resilience Manager Maria Karuru-Mwangi who was part of the team that recently organised a successful ESG Capacity Building Workshop together with the regulatory Insurance Regulatory Authority shares insights on the topic. -- FSD Africa, Zillah Malia, Titus Kisenga, Kaara Wainaina