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.
30 Mar 2015, Intelligent Insurer
Re/insurers are duty bound to help mitigate disaster risks, but this does not mean that the industry cannot benefit at the same time, says Amer Ahmed, CEO of Allianz Re. 'Managing risks is our primary role in society. Partnering with government bodies to reduce risk exposure would help create more diversification in our industry, which is ultimately better from a cost of risk point of view,' he explained...
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