Building economic resilience is fundamentally important to making sure communities can withstand the damage they sustain following a post-loss recovery.
Insurers should be giving more thought to planning how to rebuild economies in the aftermath of a crisis, a reinsurance executive urges.
Posted on Canadian Underwriter | By David Gambrill
“To my mind, what is often seemingly forgotten is the piece of economic resilience,” says Alex Kaplan, head of North America and senior vice president of Global Partnerships at Swiss Re. “The aftermath, what does the recovery look like? If we haven’t resolved the economic future, the economic vibrance of our communities diminishes over time [after a catastrophe].”
Kaplan made his remarks in Ottawa at C4 2018, organized by Catastrophe Indices and Quantification Inc. (CatIQ), which opened with a workshop developed in collaboration with Public Safety Canada.