10-07-2017 10:34 via insuranceinsider.com

May plans to use £8mn to buy cat cover for developing countries

The UK government gave further details over the weekend of a
plan to funnel development spending into insurance premiums.
Speaking at the G20 summit, UK Prime Minister Theresa May said
insurance could be used to provide rapid financing in humanitarian
emergencies.
In a statement on 8 July, the UK's Department for
International Development (DfID) said £8mn ($10.3mn) had been
set aside for a pilot scheme to help developing world countries buy
disaster insurance, focused on drought risk.
The
Read more »