Singh: downturn provides opening for national catastrophe insurance

Governments have been reluctant to use the capital markets to transfer catastrophe risk, but the economic downturn could help build momentum, says Swiss Re's chief risk officer, Raj Singh.

Speaking at the launch of the World Economic Forum's Global Risks 2010 report yesterday, Singh called for national governments to take a wider cross-category view of risk and appoint 'country risk officers'. While the past five years have seen several governments tap the capital markets for catastrophe

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