March 9, 2018 by Staff
Willis Towers Watson has launched a Global Ecosystem Resilience Facility (GERF), aimed at providing finance and risk management solutions to protect vulnerable ecosystems from both human activity and natural processes.
“The Global Ecosystem Resilience Facility allows for the financing of increased resilience at a large scale,” Rowan Douglas, CEO of Willis Towers Watson’s Capital, Science and Policy Practice, said in a news release. “This global approach is key to building a sustainable blue economy and protecting coastal communities from climate impacts.”
In coordination with Willis Towers Watson’s scientific partners and risk carriers, the GERF will map marine ecosystems, assess risk exposure and develop risk and value models for coral reefs in the Caribbean.
The GERF was officially launched Friday by company CEO John Haley at the Economist’s World Ocean Summit in Mexico.
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This story was originally published by Canadian Insurance Top Broker.