Phys.org: Disaster insurance can be more effective for those in need if countries work with, rather than avoid, tensions
Originally found at Phys.org by Luke Lambert
Resolving the inevitable tensions between countries in disaster-insurance risk pools will ensure a faster and more effective response to extreme-weather catastrophes.
A new paper published in the Academy of Management Journal, led and co-authored by Professor Paula Jarzabkowski at Bayes Business School (formerly Cass), has explained how countries can find mutually beneficial arrangements to support low-income countries in the immediate aftermath of a disaster.
The report finds that disaster-liquidity insurance—which provides a rapid release of capital from global reinsurance to support countries in responding to disaster—can be better tailored to countries' needs when they actively engage with the inevitable tensions that arise from pooling risk.
Continue reading the original article at Phys.org
Read the original research in Academy of Management Journal
Learn more about the AOM Scholars and explore their work:
- Paula Jarzabkowski, City, University of London, Cass Business School
- Rebecca Bednarek, Victoria University of Wellington
- Konstantinos Chalkias, Birkbeck College
- Eugenia Cacciatori, Cass Business School