Public and Private Sector Reinsurance
With the growing insurance protection gap, governments are assuming higher levels of risk at a sovereign and sub sovereign level. Our Public Private Sector Practice Group helps governments manage their exposures, supporting disaster resilience and facilitating risk transfer from the public to the private sector helping to close the insurance protection gap.
Gallager Re's Public and Private Scheme Practice Group (PPSPG) advises on the set-up, structure and placement of public private sector reinsurance schemes, supporting global moves toward privatization of government risk and promoting wider disaster resilience.
The PPSPG helps to improve understanding of how governments, both sovereign and sub sovereign, non-governmental organizations and international bodies can access and use (re)insurance as a risk management tool.
Among the many examples of the collaboration between the insurance industry, policy makers and international organisations that PPSPG has advised and brokered are multinational, national and regional catastrophe risk mitigation programmes across all continents. These have covered risks such as hurricanes, windstorms, flood, drought, earthquake, health, and credit but have, for example, also aimed to extend household insurance penetration in certain geographies.
