Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6684531631589519361
#BlackSwan #Insurance for #Systemic #Shocks & #Global #Catastrophes: #Lloyd’s calls for state-backed ‘Black Swan’ #reinsurance: “Black Swan” reinsurance schemes backed by governments could help businesses get #insurance pay-outs after huge #shocks such as the #coronavirus #pandemic, Lloyd’s of London said. Commercial insurance market Lloyd’s has said insurers worldwide will pay out more than $100 billion in coronavirus-related claims this year. But many firms are frustrated that their #business #interruption policies do not cover the pandemic and some in Europe and the United States are in dispute with insurers. The Black Swan cover could be used to ensure payments after #catastrophes such as a #cyber #attack or #solar #storm destroying #critical #infrastructure, as well as for pandemics. #Insurers in #Britain, #France, #Germany and the #UnitedStates are seeking #government-backed “Pandemic Re” cover for future pandemics, similar to existing pooled insurance schemes for damage due to #terror #attacks… Unlike a Pandemic Re, a Black Swan Re would help firms after #multiple #systemic #exposures”.”
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“#Command & #Control (C2), Adversarial C2, Counter-Adversarial C2.
