Guy Carpenter’s new report highlights how the risk landscape for public sector entities is changing at an unparalleled rate, with extreme weather, mass migration and unfunded social liabilities set to dominate government agendas for decades to come.
Government entities are beginning to take proactive steps to understand and manage the risks that they hold and implement processes designed to improve their financial resilience. They have a willing and able partner in the reinsurance industry. Governments are turning to the reinsurance market for innovative risk solutions and making important progress in quantifying the impact of climate change.
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