Multi-stakeholder approach key to narrowing nat cat protection gap: G20 South Africa side event

Multi-stakeholder approach key to narrowing nat cat protection gap: G20 South Africa side event

Addressing the widening natural catastrophe insurance protection gap requires a multi-stakeholder approach, including public-private partnerships, investments in risk reduction and resilience, and innovative insurance solutions, according to keynote speakers at a G20 South Africa side event in Durban. The protection gap poses a global challenge, affecting both advanced and emerging market and developing economies (EMDEs). In 2023, the global ins…