To identify and prepare for natural and manmade catastrophes, countries should take risk management steps including measures to finance losses before an event and creation of a national risk officer, a new report advises.
The study by Swiss Re suggests a country risk officer could be responsible for managing a prioritized risk landscape, taking a holistic approach to risk before events occur such as earthquakes, storms, droughts, floods, pandemics, energy and food security problems, financial crises, and war or terrorism.
Swiss Re's analysis is contained in a focus report on country risk management.
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