With disaster risks accelerating faster than societies can adapt and protection gaps widening, well-designed public-private insurance programmes (PPIPs) aligned with national resilience strategies can strengthen risk reduction, according to a recent report by the Geneva Association.
The report highlighted that natural and man-made disasters are becoming more frequent, more costly, and harder to absorb. These risks are outpacing societal adaptation, widening protection gaps, and testing the limits of re/insurance markets.
Against this backdrop, policymakers and industry leaders are faced with the question of how societies can maintain affordable, reliable protection as disaster risks intensify.
The Geneva Association outlined the role that PPIPs can play in addressing these protection gaps.
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