Risk Sharing Mechanisms To Mitigate The Financial Consequences Of Pandemic Risk: Economic And Social Insurance Solutions For The UK

减轻流行病风险的财务后果的风险分担机制：英国的经济和社会保险解决方案

基本信息

批准号：
ES/V009389/1
负责人：
Paula Jarzabkowski
金额：
$ 16.38万
依托单位：
City, University of London
依托单位国家：
英国
项目类别：
Research Grant
财政年份：
2020
资助国家：
英国
起止时间：
2020 至无数据
项目状态：
已结题

来源：
https://gtr.ukri.org/projects?ref=ES%2FV009389%2F1
关键词：
Risk Sharing Mechanisms Mitigate Financial

项目摘要

The pandemic is causing business interruption (BI) across UK businesses, resulting in unprecedently widespread and global economic losses that are too large to be absorbed in full by the insurance industry. Yet, businesses are unlikely to obtain credit for trading without access to adequate BI insurance. As the government steps in to protect businesses, the burden for taxpayers is rising exponentially. This study will develop a novel risk-sharing mechanism to effectively share pandemic BI risk between UK businesses, insurers and government. We will conduct action research; a method where we work with partners to define the problem, act upon it, and embed actions in future learning. We have partnerships agreed with UK business, insurance industry and government stakeholders to develop a BI risk-sharing mechanism. We will evaluate and build upon short-term post-lockdown products being generated by insurers and develop new solutions with this full range of stakeholders. This will enable delivery of a sustainable longer-term governance and funding solution for supporting UK business against interruption from current and future pandemic. Our research team is perfectly equipped as we have studied risk-sharing mechanisms globally for catastrophic disasters, with our results influencing policy and practice.Our research process and policy recommendations will (i) segment pandemic BI risk into core (must-have) and additional (good-to-have) cover elements; (ii) identify who (business, insurance, or Government) should take which elements; (iii) propose a public-private governance and funding solution that combines different strategic responses to sharing BI risk elements across UK businesses, insurance industry and government stakeholders.

大流行正在引起英国企业的业务中断（BI），导致毫无前天的广泛和全球经济损失，这些损失太大了，无法被保险业所吸收。但是，企业不太可能在不使用足够的BI保险的情况下获得交易信贷。随着政府为保护企业的介入，纳税人的负担呈指数增长。这项研究将开发出一种新型的风险分享机制，以有效地在英国企业，保险公司和政府之间分享大流行的风险。我们将进行行动研究；我们与合作伙伴合作定义问题，采取行动并嵌入未来学习的方法。我们与英国的商业，保险业和政府利益相关者达成了伙伴关系，以开发出BI风险分享机制。我们将根据保险公司生成的短期锁骨后产品进行评估和建立，并通过这些全方位利益相关者开发新的解决方案。这将使能够提供可持续的长期治理和资助解决方案，以支持英国业务，以免当前和未来的大流行中断。我们的研究团队的配备非常完美，因为我们已经在全球灾难的风险分享机制上研究了我们的灾难性灾难，结果影响了政策和实践。我们的研究过程和政策建议将（i）将大流行BI风险分为核心（必不可少）（必不可少）（必备品）和额外的（良好）；（ii）确定谁（商业，保险或政府）应采取哪些要素；（iii）提出了一种公私治理和资助解决方案，该解决方案结合了对在英国企业，保险业和政府利益相关者共享BI风险要素的不同战略响应。