NU Online News Service, June 9, 2:45 p.m. EDT
Catastrophe models insurers use to assess risk could help governments and aid agencies develop new approaches for sustainable development and poverty alleviation, said Rowan Douglas, chairman of the Willis Research Network.
Mr. Douglas made his comments during a meeting at the World Bank's inaugural Understanding Risk conference earlier this week in Washington, D.C., according to insurance broker Willis Group Holdings.
He said the methods employed by insurers to model extreme risks could be the key to helping the world's most vulnerable communities cope with the social and economic impacts of floods, droughts and other climate-related threats.
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