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  • Lloyds
    Emerging economies have $160bn insurance gap

    An estimated $163bn of assets are underinsured in the world today, leaving an exposure gap that poses a significant threat to livelihoods and global prosperity, according to new research from Lloyd’s and the Centre for Economics and Business Research (CEBR).

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  • Enhancing banks’ and insurers’ approaches to managing the financial risks from climate change
    Enhancing banks’ and insurers’ approaches to managing the financial risks from climate change

    In this consultation paper (CP), the Prudential Regulation Authority (PRA) seeks views on a draft supervisory statement (SS) on banks’ and insurers’ approaches to managing the financial risks from climate change (see Appendix).

  • Closing the protection gap
    Closing the protection gap - Disaster risk financing: Smart solutions for the public sector

    Every year natural and man-made catastrophes cause a distressing loss of lives and considerable economic costs around the world. Both industrialised and developing countries are affected, and surprisingly, both are also materially underinsured. This is the 3rd edition of the Closing the Protection Gap – Smart Solutions for the Public Sector, which outlines various insurance based tools and approaches proven to help governments, regions and cities, and the constituents they represent, to become more resilient.

  • Natural catastrophes and man-made disasters
    Natural catastrophes and man-made disasters in 2017: a year of record-breaking losses

    At USD 144 billion, the insured losses from natural and man-made disasters worldwide in 2017 were the highest ever recorded in a single year. The main driver of the high insured losses was an active hurricane season in the North Atlantic. In particular, three major hurricanes -- Harvey, Irma and Maria left a trail of destruction across the Caribbean Islands, Puerto Rico, Texas and parts of western Florida. In other major disasters, wildfires ravaged parts of California in particular, as well as regions outside of the US.

  • innovative finance for resilient infrastructure
    Innovative finance for resilient infrastructure

    Global economic losses from disasters are substantial and growing. They will continue to increase, driven by greater wealth, hazard exposure and, for some events, climate change.

    However, the severity of impact can be reduced by investing in greater resilience – the benefits of which include reduced asset damage and faster economic recovery post disaster. Greater resilience also gives confidence to businesses by lowering risk, thereby stimulating innovation and economic growth.