The note analyses key design elements of parametric insurance for natural catastrophe risks and synthesises insights from a survey with insurance authorities and industry participants.
This work, under the Italian Presidency, emphasises the crucial role of insurance, insurance supervisors and governments in addressing the financial impacts of natural hazards.
The IAIS has published its report: A call to action: the role of insurance supervisors in addressing natural catastrophe protection gaps. The report outlines five significant areas where supervisors can help address the NatCat protection gaps, underpinned by examples of action already underway by IAIS members. The report provides a basis for further engagement amongst insurance supervisors and stakeholders and outlines concrete follow-on actions.
The report outlines five significant areas where supervisors can help narrow the NatCat protection gaps, underpinned by examples of action already underway by IAIS members. The report provides a basis for further engagement amongst insurance supervisors and stakeholders and outlines concrete follow-on actions.