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Reprints
The United Nations Development Program is considering using catastrophe bonds as part of a disaster risk-transfer plan for European and Central Asian countries, Artemis.bm reports. The United Nations is looking at using government-sponsored cat bonds with parametric triggers that are designed and monitored by third parties. The UN is focusing on the Southern Caucasus, Eastern and South East Europe, Turkey and Central Asia regions where disaster risks are underinsured.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms