With natural disaster losses rising and a difficult economic backdrop, those charged with protecting populations need clear plans for how to pay for recovery and mitigation

Author: Kavit Khagram

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Climate risk is a difficult thing to account for at the best of times, but a combination of a hard insurance market, a post-pandemic economic shock and the current inflationary environment in many parts of the world is making it even trickier.

In such uncertain times, public-sector authorities need a clear resilience strategy and a robust approach to financial risk management — as well as long-term partnerships with providers of climate and disaster risk finance and insurance.

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