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UN launches first disaster insurance programme backed by major insurers
Original: UN launches first-of-its-kind disaster insurance programme, backed by Gallagher Re & Liberty Mutual
The United Nations has launched a first-of-its-kind disaster insurance programme, developed with support from reinsurance broker Gallagher Re and insurer Liberty Mutual. The initiative aims to provide coverage for disaster-related losses, offering a new tool for managing climate and catastrophe risk. Details on participating countries and funding have not yet been announced, and insurers are watching how the scheme will operate.
Why now: It is a novel partnership between the UN and major insurance firms addressing disaster risk, prompting interest in how it will be structured and funded.
United NationsGallagher ReLiberty Mutual
Evidence
- UN launches first-of-its-kind disaster insurance programme, backed by Gallagher Re & Liberty Mutual · Reinsurance News
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