This paper provides a comprehensive overview of the challenges public-private partnerships face when addressing climate and disaster risks.
The gap between insured and total economic losses from natural catastrophes not only underscores the challenges in risk management but also presents an opportunity for collaboration between the public and private sectors.
Efficient and sustainable implementation of such collaborative initiatives requires reliable risk information to support informed decision-making. New applications of catastrophe models, such as sensitivity analyses, can play a key role in providing the necessary information.
By leveraging these models, we can work towards reducing the gap and building a more resilient future.
