UN looks at cat bonds to cover European, Central Asian disaster risk

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.

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