Around the world, human development is under threat from hazard and shocks, from health crises and global conflicts to climate-change driven hazards and environmental degradation. For the first time in 32 years the human development progress, development gains declined for 2 years in a row. Recent crises around the world have shown that development progress is fragile and must be protected by bringing risk transfer and insurance solutions into the heart of development. SMEs are the backbone of employment, growth and stability, and they are especially vulnerable to climate risks, and the lack of insurance and social protection in many developing countries means the financial consequences of these shocks are felt by every business, and every person on which they depend. In the face of rising risks, we believe that more public private partnerships are critical to achieving the SDGs, which is why UNDP has partnered with Generali to enhance SME resilience in developing countries.