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About the event

Natural disasters occur frequently in China and are widely scattered. Those affected by natural disasters include individuals, businesses and governments. However, we cannot predict the timing and scale of the damage that natural disasters cause to them. Thus, these groups largely ignore the potential financial impact of natural disasters when accounting for their financial and fiscal liabilities. Moreover, they do not set aside contingent capital to hedge against such liabilities. Such contingent liabilities related to natural disasters, particularly government fiscal liabilities, are highly significant in the context of the Chinese economy and could exponentially expand in coverage and scale.

Swiss Re hosted government officials and insurance professionals from China to discuss the financial and fiscal mechanisms for disaster prevention and relief, as well as the disaster-insurance systems.

Participants at this event had the opportunity to dig deep into the key challenges they face, assess possible solutions and share experience in arranging parametric solutions to guard against natural catastrophe risks.