Zurich and Practical Action team up in a global flood resilience alliance

Practical Action and Zurich Insurance Group (Zurich) have formed a significantly enhanced £6.4 million alliance in building community resilience to disasters, especially flooding which affects more people globally than any other natural hazard.

This 5-year agreement will support the development of innovative tools and approaches to improve the wellbeing of flood vulnerable communities in the developing world. It will help to save the lives and livelihoods of thousands of the most-poor, with the learning being scaled-up and shared more widely around the world.

It will draw on Zurich’s extensive insurance and risk expertise around the world, while Practical Action will provide both technical innovation and community expertise resulting from almost 50 years of work in some of the most challenging environments of Africa, Latin America, and South Asia.
The initial work will be in Nepal, looking at the issues around flash floods, and in Peru where the focus will be on flood resilience in an urban setting.

CEO of Practical Action, Simon Trac