It is a government’s responsibility to prepare for risks that may threaten national security and social stability, and as government entities take steps to understand and manage those risks, they are turning to the reinsurance market to find ways to improve their financial resilience.

The risk landscape for public sector entities is changing faster than ever before, with extreme weather, mass migration and unfunded social liabilities set to dominate government agendas for decades to come, according to Guy Carpenter colleagues Jake Clark, Head of Public Sector, North America, and Ruth Lux, Head of Public Sector, EMEA.

For the moment, however, pandemics are at the forefront of everyone’s thinking, given the tragic consequences unfolding today around COVID-19. Who could have predicted that three months into 2020,

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