World Bank to support UK-led disaster insurance scheme

The UK and German governments have brought in the World Bank to
support efforts to introduce parametric catastrophe insurance to
developing countries.
The Washington-based fund will deploy staff to work with the
London Centre for Global Disaster Protection, which is leading the
insurance initiative.
The institute, launched by UK prime minister Theresa May at theG20 meeting in Hamburg this month, aims to use insurance to
provide emergency financial support to disaster-stricken areas in
the develo