The Geneva Association and IDF Publish Guidelines to Support Sovereign Risk Financing and Transfer
Such programmes rely on an accurate understanding of the risk context, including the potential impact of hazards (natural or man-made) on the population, infrastructure and economy. In order to adequately quantify it, governments should partner with multiple stakeholders including the insurance industry, risk modelling experts and data providers. Through public-private partnerships, governments can benefit from the insurance industry’s holistic risk management expertise.
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The Guidelines for Risk Assessment to Support Sovereign Risk Financing and Risk Transfer paper has been developed in response to a request from the
The paper supports the adoption of the Sendai Framework for Disaster Risk Reduction 2015-2030, the 2030 Agenda for
ENDS
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