Intelligent Insurer goes beneath the surface of the risk pool sector to discover why so many insurance firms are keen to get involved.
The number of risk pools is increasing globally, and they’ve played a key role in helping local communities recover from catastrophes such as Hurricane Irma and 2015’s Cyclone Pam. Reinsurers remain keen to get involved, even though climate change makes such events ever more likely.
"The process of forming and modifying a risk pool can, over time, also foster policy dialogue on the ownership and management of risk."
What is the real motivation for today’s insurance companies? Is it the overall value for society, or their own commercial benefit? In this article we take a deeper look at this insurance trend and find out why more reinsurance companies are diving in to risk pools.
AM Best, Flood Re, Pool Re, California Earthquake Authority, Caribbean Catastrophe Risk Insurance Facility, Catastrophe, Insurance, Reinsurance, Global