Swiss Re calls for pre-emptive measures

The mounting exposure in Australia to catastrophes calls for a more pre-emptive approach to disaster risk financing, an approach which Swiss Re has been publically advocating for a number of years.

Supporting calls for the Australian Federal Government to ensure all states and territories take up appropriate insurance, Mark Senkevics, Head Australia and New Zealand, Swiss Re says, “Transferring extreme risks to the capital markets or reinsurers can substantially ease the financial burden natural disasters put on government budgets.”


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