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Axa: insuring against humanitarian disaster

The UN World Food Program has given the first contract for insurance covering humanitarian emergencies to Axa's reinsurance arm, Axa Re. The scheme is the first of its kind, and has the potential to provide a vital addition to the armory in the fight against the impact of natural disasters in the developing world, although whether many other reinsurers will follow Axa's lead is doubtful.

Published By Datamonitor
23 Mar 2006

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