How Long the Global Insurance System will Survive Under the ‘New Normal’ of Global Natural Disasters?
https://www.rozen-bakher.com/timeline-risks/05/10/2022/1502
Published Date: 05 October 2022 at 15:02
Rozen-Bakher, Z., How Long the Global Insurance System will Survive Under the ‘New Normal’ of Global Natural Disasters?, Risks Timeline by Dr. Ziva Rozen-Bakher, 05 October 2022, https://www.rozen-bakher.com/timeline-risks/05/10/2022/1502
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Dr. Ziva Rozen-Bakher
Researcher in International Relations and Foreign Policy with a Focus on International Security alongside Military, Political and Economic Risks for Foreign Direct Investment (FDI) and International Trade
05 October 2022 at 15:02. Each day around the globe, we witness to natural disasters, one after another, and no end is in sight. Earthquakes, volcanic eruptions, Hurricanes, Tornadoes, typhoons, Tsunamis, floods, droughts, landslides and more. Insurance firms need to pay, day after day, unprecedented damages to their customers worldwide, and the big question is until when the insurance firms will survive under this ´New Normal´. The collapse will be like an ´Effect Domino´, so under the current reality, it is not if it will happen but when it will happen. Governments should be ready for this bad scenario.
