Insurers’ growing role in disaster relief and climate resilience

After a 6.8 magnitude earthquake hit Morocco in 2023, a novel parametric solution paid out $275m to the country within just 21 days helping to support the response to the catastrophe.
Insurance Day speaks to Dorra Berraies, senior advisor for climate resilience, public sector and parametric solutions at Gallagher Re, who was involved in the placement of that Morocco parametric solution, to discuss the increasingly important insurers are playing in disaster relief programmes and climate resilience more broadly.