Linda Russova
Appearances
Global News Podcast
Guilty verdicts and jail sentences in France's biggest rape trial
With climate change, we face more frequent and more severe disasters, and this has economic implications and costs. Since 1980s, natural catastrophes cost around €900 billion in direct economic losses in the EU. Only a quarter of these losses are insured, and this insurance protection gap is expected to widen further with the rising risks.
Global News Podcast
Guilty verdicts and jail sentences in France's biggest rape trial
To manage that, our paper proposes a two-pillar EU scheme. The first pillar, an EU reinsurance scheme, would increase insurance coverage for people and businesses. The second pillar, an EU disaster fund, would strengthen disaster risk management by governments.
Global News Podcast
Guilty verdicts and jail sentences in France's biggest rape trial
There are three aspects to that. Low insurance coverage can pose risks to economic growth as it delays economic recovery. It can pose risks to financial stability because banks provide mortgages to households and loans to businesses. If these are not insured, banks can suffer losses. Low insurance coverage also increases fiscal pressure for countries that step in to cover uninsured losses.