Protection Gap Entities: Saving Disaster Insurance In A Time Of Climate Change?

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distater insurance reimagined

Background: Extreme weather disasters, such as floods, tropical storms and wildfires, are becoming more frequent and more intense. These disasters threaten both life and livelihood, causing the loss of homes and jobs that can scar the lives of those affected. Disaster insurance, by providing funds for reconstruction, plays an essential role in limiting these consequences of disaster. Yet, disaster insurance is under threat in many contexts, becoming unaffordable or being withdrawn entirely. In response, many countries have established ‘protection gap entities’ (PGEs); public-private schemes to keep disaster insurance available. PGEs rebalance the tensions (paradoxes) at the heart of insurance about who controls the insurance market, how much is known about disaster risk, and who should pay for protection. Drawing from our new book examining 17 PGEs operating in 49 countries around the world, I will explain why PGEs are vital in adapting to an increasingly disaster-prone world.


Paula Jarzabkowski is a Professor of Strategic Management at the University of Queensland Business School. Professor Jarzabkowski is an expert in insurance and reinsurance markets, having studied different aspects of the global industry, and released a range of industry reports, Masterclasses, academic papers, and a widely acclaimed book “Making a Market for Acts of God” with Oxford University Press. Her current book, Disaster Insurance Reimagined: Protection in a Time of Increasing Risk explains how the insurance industry and governments around the world can better work together to address the growing threat of extreme-weather and terrorism disaster, and to increase the links between insurance and resilience. An open access copy of the book can be downloaded here

Tuesday, 09 April 2024

9:00 - 9:45 BST



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  • Paula Jarzabkowski
    Paula Jarzabkowski
    Professor of Strategic Management
    University of Queensland Business School
  • Simon_Mills_emailcompressed
    Simon Mills
    Senior Associate
    Z/Yen Group

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