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Pandemic insurance through pandemic partnership bonds: A fully funded insurance solution in a public private partnership

Author

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  • Gründl, Helmut
  • Regele, Fabian

Abstract

This Policy Letter outlines a pandemic insurance solution through a pandemic-related 'Insurance Linked Bond'. It would be originated by governments, with a principal amount to cover significant costs resulting from a pandemic. These bonds, which would be traded on a secondary market, generate a risk-adequate return for private and institutional investors that is financed through the insurance premiums paid by the public domain. In case of a pre-defined pandemic trigger event, the principal of the bond becomes available for the originating governments to cover pandemic-related costs. Through this approach, governments can insure themselves against future pandemic-related risks, while funding comes primarily from private and institutional investors.

Suggested Citation

  • Gründl, Helmut & Regele, Fabian, 2020. "Pandemic insurance through pandemic partnership bonds: A fully funded insurance solution in a public private partnership," SAFE Policy Letters 86, Leibniz Institute for Financial Research SAFE.
    • Handle: RePEc:zbw:safepl:86
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    File URL: https://www.econstor.eu/bitstream/10419/218955/1/1699961360.pdf
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    Citations

    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Preparation

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    Cited by:

    1. Emilia Di Lorenzo & Marilena Sibillo, 2020. "Economic Paradigms and Corporate Culture after the Great COVID-19 Pandemic: Towards a New Role of Welfare Organisations and Insurers," Sustainability, MDPI, vol. 12(19), pages 1-14, October.
    2. D'Amato, Valeria & Di Lorenzo, Emilia & Piscopo, Gabriella & Sibillo, Marilena & Trotta, Annarita, 2024. "Insurance business and social sustainability: A proposal," Socio-Economic Planning Sciences, Elsevier, vol. 93(C).
    3. Senara Eggleton & Özlem Gürses, 2023. "Reinsuring pandemics: the role of government and public–private partnerships between reinsurers and governments," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 48(3), pages 552-576, July.

    More about this item

    Keywords

    Covid-19-Crisis; catastrophe bond; public private partnership; pandemic insurance;
    All these keywords.

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