Microinsurance Network signs the Nairobi Declaration on Sustainable Insurance

The Microinsurance Network is proud to announce that it has become a signatory of the Nairobi Declaration on Sustainable Insurance (NDSI).

Launched in April 2021 under the auspices of the UN Environment Programme’s Principles for Sustainable Insurance Initiative (PSI), the Nairobi Declaration represents a collective commitment by African insurance leaders to address environmental, social, and governance (ESG) challenges while supporting sustainable economic development across the continent.

By signing the declaration, the Microinsurance Network joins a growing community of insurers, reinsurers, brokers, and industry leaders working to align the insurance sector with the United Nations Sustainable Development Goals (SDGs) and strengthen resilience and inclusion through sustainable insurance practices.

The Nairobi Declaration closely aligns with the MiN’s commitment to advancing sustainable and inclusive insurance across regions. In 2024, the MiN also became a signatory of the Bogotá Declaration on Sustainable Insurance – a commitment by insurance industry leaders in Latin America and the Caribbean to support the achievement of the SDGs and strengthen resilience through sustainable insurance practices.

Together, the Bogotá and Nairobi declarations reflect a shared recognition that the insurance sector has a critical role to play in addressing climate, social, and governance challenges. They also reinforce the importance of developing stronger, more inclusive solutions that build resilience, protect vulnerable communities, and support long-term sustainable economic growth.

As a signatory, the Microinsurance Network supports the declaration’s key areas of action:

Risk management

• Advancing the assessment, management, and disclosure of climate-related risks and opportunities. 
• Strengthening ESG risk management practices across life, health, pensions, and non-life insurance business lines. 
• Supporting greater transparency and responsible insurance practices in relation to sustainability challenges such as climate change, pollution, and social risks.

Insurance

• Supporting the development of insurance solutions that contribute to the Sustainable Development Goals. 
• Promoting inclusive and innovative insurance products that help close the protection gap for underserved communities.

Investment 

• Support the transition to a resilient, net-zero emissions economy.

Policy, regulatory and industry engagement

• Collaborating with policymakers, regulators, and industry associations to advance sustainability across the African insurance sector.

Sustainable insurance thinking and practices

• Promote the adoption and implementation of the four Principles for Sustainable lnsurance across African insurance markets.
• Enhance the knowledge and capacity of the African insurance industry on sustainable insurance.
• Shape the sustainable insurance agenda in Africa and strengthen the global effort of insuring for sustainable development.

ABOUT THE NAIROBI DECLARATION

Vision

The declaration’s vision is to build a sustainable and forward-looking African insurance industry that effectively manages risk while contributing positively to society and the environment.

Key Objectives

The Nairobi Declaration focuses on several core objectives, including:

• Developing inclusive insurance products that promote financial inclusion and resilience. 
• Engaging policymakers and regulators to support sustainable insurance frameworks. 
• Embedding ESG principles and sustainability practices throughout the insurance industry. 

Today, the Nairobi Declaration brings together more than 229 organisations and industry stakeholders from across Africa, reflecting a growing commitment to sustainability and responsible insurance practices.

To learn more about the initiative, visit the official Nairobi Declaration on Sustainable Insurance website.