The shoe may eventually be placed on the other foot for the U.S.
Executive Summary
Pandemics may eventually create an entirely new market for private insurers and reinsurers in the U.S. and abroad. Here are some highlights from a recent report on the implications of climate change on global pandemic risk and the potential of the Pandemic Emergency Financing Facility.This nation has a long-standing tradition of innovating products and ideas—particularly insurance products—and then exporting them to other countries.
Now the U.S. may benefit from an insurance-like product being developed for third-world countries to battle pandemics, which some experts think will be made more severe and widespread by climate change.
