Property catastrophe insurance
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<subfield code="a">Property catastrophe insurance</subfield>
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<subfield code="a">Brussels </subfield>
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<subfield code="a">Insurers around the world play a key role providing coverage for losses caused by natural hazards and advising policymakers in the design of disaster risk management and fi nancing strategies. However, their involvement and responsibilities vary depending on the legal framework and the exposure to natcat risks in each country. Insurance solutions therefore vary greatly between jurisdictions, ranging from optional private solutions to compulsory covers and national pools covering certain risks. In order to better understand these diff erences and inform the debate on enhancing climate resilience, GFIA has compiled information about various natural disaster insurance solutions and schemes across the world. The charts, published in the context of GFIA's engagement at COP26, provide information on a number of markets, including data on coverage and market penetration for selected natural catastrophe risks, for both individual and commercial insurance lines.</subfield>
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