To inform the discussion in the context of United Nations Framework Convention on Climate Change (UNFCCC) on loss and damage related to insurance and to support climate negotiators in their decision-making process, the MCII has produced this document, outlining the role of insurance in the context of adaptation and loss and damage highlighting a set of recommendations to the Convention as a facilitator of short and long-term strategies to address loss and damage. MCII's submission responds to the invitation to give a submission on possible elements to be included in the recommendations on loss and damage to the 18th session of the Conference of the Parties (COP 18).

- Cost effectiveness of various approaches, and what level various tools are employed at (from local to national, regional and global)
- Resources required for successful implementation of various tools, including budget, technical capacity for implementation, data, infrastructure, etc.
- Lessons learned from existing efforts within both the public and private sectors, considering elements of design, limitations, challenges and best practices
- Links and synergies between risk reduction and other instruments such as risk transfer; and how comprehensive risk management portfolios or toolkits can be designed
- Tailoring risk management approaches to national contexts, and ways to evaluate which tools might be most appropriate for the particular risks and circumstances of a country