Our initiatives
Sustainable Insurance Forum
Established by the UN with the support of the International Association of Insurance Supervisors (IAIS) in 2016, the UNDP’s Sustainable Insurance Forum (SIF) is a global network of 40 insurance supervisors and regulators. SIF catalyses international collaboration among insurance supervisors, facilitating knowledge sharing, design and uptake of policy innovations in support of the global insurance sector. SIF looks to ensure effective climate risk management, and other relevant sustainability factors, are effectively integrated into the regulation and supervision of insurance companies.
Strategic Priorities and Flagship Delivery Tracks 2026–2027
The Sustainable Insurance Forum works across a focused set of strategic priority areas where insurance supervision is rapidly evolving. These priorities are supported by targeted delivery tracks combining policy dialogue, capacity building, and applied supervisory work.
1
Insurance and the Real-Economy Transition
Strengthening supervisory expectations around insurers’ management of transition and adaptation risks, and supporting the insurance sector’s role in resilient, real-economy outcomes.
2
Nature, Insurance, and Resilience
Addressing the growing relevance of nature-related risks to insurance markets and financial stability, and supporting supervisors in moving from awareness to practical, mandate-aligned supervisory responses.
3
Catastrophe-Related Resilience and Data
Enhancing supervisory approaches to catastrophe risk oversight, data access, modelling, and resilience through peer exchange and global alignment.
Flagship Programmes and Platforms
NATURE-INSURE
NATURE-INSURE is SIF’s flagship global capacity-building programme, launched in partnership with the Taskforce on Nature-related Financial Disclosures (TNFD) and KPMG, to strengthen insurance supervisory responses to biodiversity and nature-related financial risks.
As ecosystem degradation and biodiversity loss become increasingly material to financial systems, NATURE-INSURE equips insurance supervisors with practical knowledge, frameworks, and tools to better understand, assess, and progressively integrate nature-related risks within their supervisory frameworks. The programme builds on SIF’s pioneering 2021 Scoping Study: Nature-related Risks in the Global Insurance Sector, and responds directly to supervisory demand for applied, mandate-aligned approaches.
Delivered through global training sessions, peer exchange, and knowledge development, NATURE-INSURE introduces supervisors to emerging methodologies, including TNFD’s LEAP approach, highlights evolving supervisory practices across jurisdictions, and supports alignment with global biodiversity and sustainability objectives.
Climate Training Alliance (CTA)
The Climate Training Alliance is an initiative developed in collaboration with global supervisory and standard-setting partners. It is a repository and platform that provides structured, high-quality training on climate-related financial risks, tailored to supervisory mandates and levels of market development.
The CTA supports all SIF strategic priorities by strengthening supervisory capabilities on climate risk assessment, governance, disclosure, transition planning, and resilience, with a particular focus on authorities in emerging markets and developing economies.
Governance
SIF is currently chaired by Ms. Fundi Tshazibana (South African Reserve Bank Deputy Governor and Prudential Authority Chief Executive Officer). Since 2016, its leadership has rotated across jurisdictions: California Department of Insurance, Australian Prudential Regulation Authority, Bank of England, Monetary Authority of Singapore. SIF is hosted by the United Nations Development Programme and benefits from a dedicated Secretariat. Members meet twice a year.
Members
As of January 2026, the 40 SIF members are
| ARGENTINA | Superintendencia de Seguros de la Nación (SSN) |
| AUSTRALIA | Australian Prudential Regulation Authority (APRA) |
| BAHAMAS | Insurance Commission of The Bahamas |
| BELGIUM | National Bank of Belgium (NBB) |
| BERMUDA | Bermuda Monetary Authority (BMA) |
| BRAZIL | Superintendência de Seguros Privados (SUSEP) |
| CANADA | Office of the Superintendent of Financial Institutions (OSFI) |
| COSTA RICA | Superintendencia General de Seguros de Costa Rica (SUGESE) |
| EGYPT | Financial Regulatory Authority |
| EUROPE | European Insurance and Occupational Pensions Authority (EIOPA) |
| FINLAND | Finanssivalvonta – Finnish Financial Supervisory Authority (FIN-FSA) |
| FRANCE | Autorité de contrôle prudentiel et de résolution (ACPR) |
| GERMANY | Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) |
| GHANA | National Insurance Commission (NIC) |
| GUERNSEY | Guernsey Financial Services Commission (GFSC) |
| INDONESIA | Otoritas Jasa Keuangan (OJK) |
| IRELAND | Central Bank of Ireland (CBI) |
| ITALY | Istituto per la Vigilanza Sulle Assicurazioni (IVASS) |
| ISLE OF MAN | Isle of Man Financial Services Authority |
| JAPAN | Financial Services Agency (FSA) |
| MOROCCO | L’Autorité de contrôle des assurances et de la prévoyance sociale (ACAPS) |
| NETHERLANDS | De Nederlandsche Bank (DNB) |
| NEW ZEALAND | Reserve Bank of New Zealand (RBNZ) |
| SINGAPORE | Monetary Authority of Singapore (MAS) |
| SOUTH AFRICA | South African Reserve Bank (SARB) |
| SWEDEN | Finansinspektionen (FI) |
| SWITZERLAND | Swiss Financial Market Supervisory Authority (FINMA) |
| UAE - DUBAI | Dubai Financial Services Authority (DFSA) |
| UAE - CENTRAL BANK | Central Bank of the UAE (CBUAE) |
| UNITED KINGDOM | Bank of England (BoE) |
| USA - CALIFORNIA | California Department of Insurance (CDI) |
| USA - CONNECTICUT | Connecticut Insurance Deptartment |
| USA - ILLINOIS | Illinois Department of Insurance |
| USA - MARYLAND | Maryland Insurance Administration (MIA) |
| USA - MASSACHUSETTS | Massachusetts Division of Insurance |
| USA - MINNESOTA | Minnesota Department of Commerce |
| USA - NAIC | National Association of Insurance Commissioners (NAIC) |
| USA - NEW YORK | New York State Department of Financial Services (NYDFS) |
| USA - VERMONT | Department of Financial Regulation |
| USA - WASHINGTON | Washington State Office of the Insurance Commissioner (OIC) |
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