Better engagement needed to close protection gap: Swiss Re

The reinsurance market needs to improve its engagement with
public sector stakeholders in states, countries and principalities
if it is to close the estimated $180bn natural catastrophe
protection gap, according to Swiss Re.
Speaking at its press briefing earlier today, group CEO
Christian Mumenthaler explained that his firm believed the
protection gap globally for natural hazards and weather events was
$180bn and growing.
The issue isn't limited to emerging markets: North America
is anticipated