Insurance in poverty reduction: a case from China
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In ancient times, local governments in China would 开仓放粮 (kai cang fang liang) – open their granaries to help the poor after disasters. Today, governments can leverage insurance to access additional capital to support people in need. Swiss Re Institute is proud to be working with Peking University to publish this report, which explores how the insurance industry in China can play a more important role in making society more resilient. In particular, it focuses on how insurers can protect people from the risk of falling into poverty due to disastrous health expenses or natural catastrophes.