Financial mechanisms formulated to reduce vulnerability to disasters by employing structured instruments such as insurance policies and catastrophe bonds which spread risks in exchange for a premium.
19 Apr 2016, Artemis
The Insurance Development Forum, a group formed of insurance and reinsurance industry representatives, alongside the World Bank and United Nations, held its first meeting last week laying out priorities - understanding risk, insurance policy, risk sharing, and resilience - as it seeks to help governments reduce future disaster losses and narrow the protection gap, reports Artemis.
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