Community-Based Catastrophe Insurance: A Model for Closing the Disaster Protection Gap gccapitalideas.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gccapitalideas.com Daily Mail and Mail on Sunday newspapers.
Community-Based Catastrophe Insurance: Closing the Gap for Disaster Protection
May 12, 2021
A new report from Guy Carpenter, Marsh & McLennan Advantage, and the Wharton Risk Management and Decision Processes Center,
, sets out an innovative model to deliver insurance and help communities close the disaster protection gap.
The report highlights the importance of probabilistic catastrophe modeling and reinsurance program development. Andy Read, Vice President, Guy Carpenter, and Christopher Sykes, Managing Director, Guy Carpenter, are among the authors of the report.
2. Acknowledge the link between investor (in)actions and socioeconomic inequality.
A host of corporate practices commonplace today have been implicated in research as potentially exacerbating socioeconomic inequality, both globally and in the US. Investors have implicitly or, in many cases, explicitly supported these practices by: allocating capital to companies that have been implicated in widening the income and wealth divide, voting favorably for management proxy resolutions which authorize company actions that may cause greater inequality, or not addressing the issue of inequality in private engagements with corporate management teams. A list of some of these practices follows, along with a brief description of their relevance to systemic racism and related corporate diversity issues: