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🌪️ Extreme weather events are accelerating — and Small Island Developing States are on the frontlines. In this video, UNCDF unveils a groundbreaking disaster risk financing solution co-developed with UNDP, UNU, Lloyd’s, and Aon: the Global Disaster Resilience Vehicle (GDRV). Here’s what’s different: ▶️ It pools risk across multiple Pacific countries (Fiji, Samoa, PNG & more) ▶️ Uses parametric insurance and performance-based grants ▶️ Includes UNCDF-provided guarantees and grant-backed risk-sharing ▶️ Reduces premiums by 1–2%, enabling access for 100,000+ households ▶️ Supports both insured communities and insurers, for system-wide resilience UNCDF is piloting where others won’t — then scaling what works. The result: a climate finance tool designed to incentivize private capital while empowering local solutions to extreme weather threats. This is the future of disaster risk financing. © UN Capital Development Fund 2025. All rights reserved.