Sovereign Parametric Catastrophe Bonds as means to address the protection gap in emerging countries

Summary Of the $232bn. of economic losses from natural disasters in 2019, only $71bn. was insured. 35% level of catastrophe risk coverage in advanced countries downsizes to only 6% in emerging economies. Out of existing disaster risk finance arrangements, the Sovereign Parametric Catastrophe Bonds seem to be the most viable instrument for the ECIS region. […]

BELT AND ROAD INITIATIVE – CAN YOU PUT A PRICE ON INSURANCE?

With its cost estimated to run into trillions of dollars and main developments spread over 68 countries in three continents, it is quite natural for China’s belt and road initiative to be in the spotlight of all participating countries and business sectors. Asia Insurance Review spoke with ECIS-focused Bermudian Insurance-Linked Securities (ILS) specialist Phoenix CRetro […]