Focus on Flood Insurance amid Rising Losses (Reuters)

Swiss Re calls for greater use of insurance-linked securities.

Flood losses have mounted, with last year’s flooding in Thailand estimated to have resulted in $15 billion to $20 billion of damage while the price tag on last year’s floods in Australia was put at $10.5 billion. According to Reuters, a report from Swiss Re argues for more preventive measures to be taken and also suggests using insurance-linked securities to limit the financial risk.

 

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