The World Economic Forum (WEF) has asked governments globally to increase their collaboration with private sector insurers now for high-level risk management. Forum representatives said at the launch of the organisation's annual Global Risks 2013 report that this would be a crucial part of the interconnected approach which was essential global risks if global risks were to be managed. Of these risks, regulation, particularly in the financial sector, was increasing rapidly, and financial systemic risk, like last year, was seen as the one which would have the most impact. The interconnection between risks generally meant that, for example, catastrophe impact might be intensified by the risk of government funding shortages. "More people are living in disaster-prone areas and there is an increasing burden on these people post-disaster. There has been increasing government relief, but now the government has less capacity to respond, with government debt rising. One solution is to change
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