Uncertain waters : can parametric insurance help bridge NatCat

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      <subfield code="a">Uncertain waters</subfield>
      <subfield code="b">: can parametric insurance help bridge NatCat</subfield>
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      <subfield code="a">Economic losses from natural catastrophes (NatCat) are increasing, with a significant portion remaining uninsured. NatCat protection gaps, often defined as the difference between insured and total economic losses from natural disasters, can be substantial. A widening protection gap may increase strain on governments, threaten financial stability and have a significant impact on households and businesses. Addressing these gaps requires coordinated efforts from governments, international organisations, the insurance industry, insurance supervisors and consumers</subfield>
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