A new global partnership aims to provide insurance to millions of vulnerable people and increase resilience to climate change.

The InsuResilience Global Partnership for Climate and Disaster Risk Finance and Insurance Solutions was unveiled at the United Nations Climate Conference in Bonn, Germany.

It aims to bring the “V20” group of countries most vulnerable to climate change and the G20 group of the world’s strongest economies together around one table.

More than 30 partners from governments, international organisations, academia and the insurance industry have already expressed support and commitment.

The announcement comes after a year of devastating extreme weather events in Asia, the Caribbean and the Americas.

The partnership supports data and risk analysis, technical assistance and capacity-building according to countries’ needs and priorities.

“People devastated by recent weather events and communities vulnerable to climatic impacts are looking to the nations meeting in Bonn for an answer, for support and hope for the future,” UN Climate Change Secretariat Executive Secretary Patricia Espinosa said.

“This new and higher-ambition initiative represents one shining example of what can be delivered when progressive governments, civil society and the private sector join hands with creativity and determination to provide solutions.”