Mission
The Federation of the Italian Banking Insurance and Finance Associations associates the Italian Banking Association (ABI), the National Association of Insurance Companies (ANIA), the Italian Association of Asset management firms (Assogestioni) and the Italian Association of Private Equity and Venture Capital (Aifi). Recently, four further financial associations joined the Federation as "aggregate members" (pension funds, real-estate funds, trust-funds and stock-broker organizations).
Since its inception, FeBAF has been promoting a modern efficient and sustainable financial sector in Italy as a contribution for supporting economic growth and social progress in the country.
As Italian Banking, Insurance and Finance Federation, FeBAF intends to promote the role of the financial sector in all its components, including the insurance industry, in the area of disaster risk reduction.
FeBAF will be active particularly at the European Union level, pushing onwards the EU agenda on disaster risk reduction, after the 2013 green paper of the European Commission on the topic.
FeBAF is also engaged at the national level in a dialogue with the public authorities and other stakeholders to create a new legislative framework for public-private partnerships in this area. We will also disseminate relevant information on disaster risk reduction through a newsletter (lettera f) and web-site. More specifically, FeBAF is planning to organize a European event sponsored by the private sector, namely banking insurance and finance, in cooperation with UNDRR on disaster risk reduction.
In May 2014 FeBAF has provided a contribution in organizing a disaster risk reduction event linked to European Business Summit in Brussels, in cooperation with UNDRR-Europe.
The Federation of the Italian Banking Insurance and Finance Associations (FeBAF) is a member of the Disaster Risk Reduction - Private Sector Partnership (DRR-PSP) and has committed to the 5 Essentials for Business in Disaster Risk Reduction.
Voluntary Commitments
The Sendai Framework Voluntary Commitments (SFVC) online platform allows stakeholders to inform the public about their work on DRR. The SFVC online platform is a useful toolto know who is doing what and where for the implementation of the Sendai Framework, which could foster potential collaboration among stakeholders. All stakeholders (private sector, civil society organizations, academia, media, local governments, etc.) working on DRR can submit their commitments and report on their progress and deliverables.