Tag Archives: financial preparedness

Swiss Re at World Bank /IMF in Lima: gap between insured and total losses is widening while many disaster-prone countries lack financial preparedness

Disaster risks are increasing but insurance hasn’t kept pace: the estimated USD 1.3 trillion gap between insured and total losses remains stubbornly large, hampering a country’s ability to recover Governments are uniquely exposed as they typically shoulder the cost of … Read the full press release