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Munich Re: Insuring Underwater Reefs Is Proving To Be Effective 'Insurance' for Coastal Communities
The frequency and severity of coastal risk is increasing, so insurers should explicitly consider nature-based solutions such as the restoration of natural infrastructure to mitigate risk, said James Doona, managing director, Munich Re Capital Markets, and Raghuveer Vinukollu, senior vice president, Climate Insights and Advisory, Munich Re.