Supranationals and other international organisations are starting to look at the catastrophe risk management policies of individual countries. For Raj Singh, chief risk officer at Swiss Re, this is a good sign.
“We had our first conversation with the International Monetary Fund (IMF) recently. If the IMF and World Bank would look at this as part of their normal country assessment process, if they asked ‘how are you covered for natural disasters?’, this would drive hugely different behaviour. And