Building Sovereign Disaster Resilience
Presented by Swiss Re
In Swiss Re's latest Risk REconsidered podcast, Public Sector Solutions’ Gerry Lemcke and Marina Oberholzer explore innovative risk-transfer solutions that can strengthen countries’ financial resilience to natural disasters.
They discuss the evolution of Public Sector Solutions and a growing toolbox that includes insurance-linked loans, which embed disaster protection into sovereign financing. When a qualifying disaster strikes, an insurer takes over loan payments, providing debt relief and freeing up public funds for recovery.
As Lemcke puts it: “We need more effective instruments in dealing with the debt burden following a natural disaster.”