INTRODUCTION PROMOTING CLIMATE RESILIENCE CLOSING THE PROTECTION GAP INDUCING POSITIVE SOCIETAL CHANGE GOVERNANCE APPENDIX Partnerships to Help Close the Protection Gap We are dedicated to making a positive impact on communities by seeking partnerships that build resilience and promote sustainable development. By collaborating with Lloyd’s DRF and other organizations, we leverage our expertise in risk understanding and capital management to support their humanitarian efforts. As a result, we seek to better equip communities with tools and resources they can use to help them face the challenges of an ever-changing world. UNICEF Parsyl Start Ready Alongside our partners in the Lloyd’s We are pleased to support the Essential Start Ready, a financial mechanism market, AXA Climate and Liberty, we Consortium led by Parsyl’s Syndicate employed by the Start Network, pre- are thrilled to support UNICEF by 1796, the first mission-driven syndicate positions funding for predictable participating in a parametric product created in Lloyd’s 330 year history. recurring crises such as floods, that offers financial protection against Essential is the first cargo consortium droughts and heatwaves. In 2022, we cyclone risk in Bangladesh, Comoros, focused specifically on essential supported the development of risk Haiti, Fiji, Madagascar, Mozambique, goods, including the foods we eat and modeling capabilities for the first pool Solomon Islands and Vanuatu. We are the medicines we need. Essential also of countries to join Start Ready. We proud to contribute to the provision of serves as supporting capacity for the continue to monitor the initiative’s aid and support vulnerable populations Global Health Risk Facility (GHRF), an progress and seek future opportunities in regions affected by cyclones, alliance of insurance and technology for engagement as it broadens its leveraging our expertise and resources partners providing cost effective scope to protect more communities to make a positive impact on the insurance coverage and risk mitigation from climate risks for recurring, global community. solutions for vaccines and global health predictable disasters. commodities across the globe. 31
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