Lloyd’s of London and the UK’s Centre for Global Disaster Protection have identified financial instruments that could be used to incentivise investing in resilience. The new report comes amid substantial and growing global economic losses from disasters.
Developed through the centre’s first Innovation Lab, the instruments aim to reduce the severity of impact by encouraging greater investment in resilience and creating a “resilience dividend,” or the sum of the benefits of being more resilient. Benefits include reduced asset damage and faster economic recovery post-disaster.
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