Everbridge Partners with COP27 World Climate Summit to Present on the Importance of Investing in Resilience in the Face of Growing Climate Risk

Everbridge, the global leader in critical event management (CEM) and national public warning software solutions, announced its partnership with the COP27 World Climate Summit – The Investment COP to present on the collaboration between index-based insurance and Public Safety solutions as important climate adaptation measures. Everbridge is a leader in demonstrating the first-of-its-kind benefits of leveraging public safety technology with insurance offerings to provide a holistic approach for governments and businesses to address climate risk and resilience.

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“We are honored to partner once again with the World Climate Summit at such a pivotal moment of ongoing climate challenges”

“We are honored to partner once again with the World Climate Summit at such a pivotal moment of ongoing climate challenges,” said Dave Wagner, CEO of Everbridge. “Everbridge is committed to acting now in driving the innovation and collaboration – with our customers, partners, and stakeholders – needed to pursue global climate goals within our industry and beyond.”

Everbridge will be part of the Investors’ Conference panel “Mobilising Finance for Adaptation – Harnessing Untapped Potential” taking place at the Summit on November 13, 2022, at 11:30 (GMT) in Sharm el-Sheikh, Egypt. Everbridge Senior Vice President for Business Development, Dominic Jones, will take part in the panel – moderated by Climate Policy Initiative Global Managing Director Barbara Buchner – addressing investment-driven solutions to climate change.

“While Everbridge’s technology helps organizations prepare for and manage critical events, a major catastrophe requires capital to fund a comprehensive emergency response,” said Jones. “Index-based insurance can mobilize that capital quickly and reliably. Bringing together these two critical components of resilience – public safety technology and insurance-based capital – can help prevent the loss of lives and infrastructure by facilitating a faster, more organized response and shortening the period of time between a major event occurring and people receiving needed services – thus expediting the recovery.”

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Jones will discuss global examples of the critical advantages of software for minimizing loss and damage and how technology can contribute to the adaptation to changing climate trends, including automating the detection of and response to climate-induced risk; collecting and communicating risk data; contributing data to climate models; and generating sustainability reports. By monitoring a large set of risk parameters, companies can better anticipate business interruption due to climate change, allowing them to take timely action with early liquidity financed by insurance.

Investing in disaster resilience also leads to major savings in the costs of recovery. Cost-benefit analyses of three case studies undertaken by Deloitte Access Economics for the Australian Business Roundtable for Disaster Resilience suggested that every dollar invested in resilience-building now will save between $3 and $8 for the future.

Everbridge’s technology supports the United Nation’s Sustainable Development Goal 13 and 17 by bridging the last mile of the Hydromet chain for public safety organizations, and supporting international organizations’ efforts to ensure that ‘by 2025 all countries have the capability for effective, authoritative emergency alerting’ as stated in Everbridge’s endorsement of the IFRC, ITU and WMO’s Call to Action on Emergency Alerting.

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