The UN and others contemplate creating the world’s first insurance policy for pandemics

BBC News – Ebola crisis: World ‘dangerously unprepared’ for future pandemics.

Mr Kim said the World Bank Group had been working with the World Health Organisation (WHO), other UN agencies, academics, insurance company officials and others to work on a concept of developing a financial “pandemic facility”.

He said he expected a proposal for this to be presented to leaders of developed and developing countries in the coming months.

Mr Kim said the proposal would probably involve a combination of bonds and insurance plans but that, in some ways, the facility could be similar to a homeowner’s insurance policy.

“This could work like insurance policies that people understand, like fire insurance,” he said.

“The more that you are prepared for a fire, such as having several smoke detectors in your house, the lower the premium you pay.

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