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<p>The UK is proud to be a global leader in disaster risk finance and insurance and
we are committed to contributing to meeting the G7’s InsuResilience collective target
(set out in the 2015 G7 Leaders Elmau declaration) of helping up to an additional
400 million people in the most vulnerable developing countries to gain access to climate
risk insurance by 2020. The Department for International Development (DFID) leads
the delivery of the Government’s plans to scale up the use of insurance and risk finance
instruments in developing countries to enable:</p><ul><li>Increased resilience for
millions of the most vulnerable people, through improved access to insurance cover,</li><li>Faster,
more efficient emergency response, with a larger proportion of losses in vulnerable
developing countries to be covered by insurance systems, taking the strain off the
overstretched humanitarian system,</li><li>Stronger and more stable economic development
in developing countries, by helping to reduce the costs and barriers to credit.</li></ul>
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