Disaster insurance is a key tool to address disaster vulnerability and support resilience of individuals and communities to natural hazards. Yet the disaster insurance landscape globally, is becoming increasingly unsustainable. This report published by Professor Paula Jarzabkowski, Dr. Wendy Pham and Dr. Katie Meissner explains four key trade-offs that must be addressed to sustain the insurance sector as a societal good –Risk sharing, Risk pricing, Risk reduction, and Insurance Continuity. It provides frameworks for insurance industry, government, and consumer collaboration in working through these trade offs.
Managing trade-offs for a sustainable disaster insurance sector
