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Swiss Re Calls for Greater Focus on Flood Insurance

Flood insurance can be made more widely available and affordable by using lessons learned from recent disasters to minimize physical risks and making greater use of insurance-linked securities to offset financial risk, Swiss Re said.

By Sarah Mortimer, Reuters | Updated on September 07, 2012

(Reuters) – Flood insurance can be made more widely available and affordable by using lessons learned from recent disasters to minimize physical risks and making greater use of insurance-linked securities to offset financial risk, Swiss Re said.

The industry should also team up with government agencies to help provide suitable flood protection, the world’s second-biggest reinsurer said on Thursday.

“Insurers cannot do it alone,” Swiss Re said.

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