Government attempts to increase the level of disaster insurance cover and mitigate risk must not distort the commercial insurance market and must allow insurers to price risk appropriately, the Geneva Association is arguing.
State-backed insurance pools potentially interfere with sound risk pricing, driving insurers away from the market and leaving taxpayers to pick up the bill for losses, the industry think-tank says.
Unlike a government-subsidised scheme, private insurers encourage low-risk be
The week on Risk.net, October 6-12, 2017Receive this by email
- Quantile, TriOptima face off in cleared swaps compression battle
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- ABS set for revival under US Treasury’s liquidity buffer plans
- Industry hails potential US relaxation of margin timing rules