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Public and Private Sector Practice Group

With the growing insurance protection gap, governments are assuming higher levels of risk at a sovereign and sub sovereign level. Our Public Private Sector Practice Group helps Governments manage their exposures, supporting disaster resilience and facilitating risk transfer from the public to the private sector helping to close the insurance protection gap.

Willis Re’s Public and Private Scheme Practice Group (PPSPG) combines the expertise of Willis Re with Willis Towers Watson’s Climate and Resilience Hub Practice (CRH) team. The PPSPG advises on the set-up, structure and placement of public private sector reinsurance schemes, supporting global moves toward privatization of government risk and promoting wider disaster resilience.

The PPSPG helps to improve understanding of how governments, both sovereign and sub sovereign, non-governmental organizations and international bodies can access and use (re)insurance as a risk management tool. CRH was involved in the set up of the Insurance Development Forum in 2016 and has also established the Centre for Global Disaster Protection in London.

Among the many examples of the collaboration between the insurance industry, policy makers and international organisations that PPSPG has advised and brokered are multinational, national and regional catastrophe risk mitigation programmes across all continents. These have covered risks such as hurricanes, windstorms, flood, drought, earthquake, health, and credit but have, for example, also aimed to extend household insurance penetration in certain geographies.

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Insurance Development Forum

The Insurance Development Forum aims to promote the understanding of risk to create resilient platforms for sustainable growth and human dignity.

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