Page 21 - Insurance Times December 2022

G100 and Green Delta In- changed the lives of Bangladeshi and analytics company, offers his view:
people as well as improving facilities in
surance jointly hosted a “Hurricane Ian comes after a series of
rural area by taking recommendation
adverse weather events in the US dur-
seminar on Shastho and suggestion from the honourable ing 2022 and, as one of the strongest
guests, speakers and the beneficiaries.
Shurokkha Kormoshuchi hurricanes the region has felt in years,
Healthcare sector is one of the most it is likely to cause billions of dollars’
(SSK) - Bangladesh Govt.'s
important domains that impacts the worth of losses. Combined with the
flagship project to ensure entire global population and is closely losses from earlier in the year, Hurri-
linked to the development of any coun- cane Ian is likely to leave insurers with
universal health coverage
try. Thus, the importance of healthcare their largest incurred loss since at least
As part of G100 Meetings Bangladesh,
and wellness has received increased 2017 when a series of devastating hur-
a seminar on Shastho Shurokkha
attention over the last decade, espe- ricanes and wildfires took their toll on
Kormoshuchi (SSK) - Bangladesh Govt.'s
cially in developing nations. In this as- the country. That year incurred losses
flagship project to ensure universal
pect, Bangladesh has made remark- in the fire and natural hazards line
health coverage, was organized by
able progress in the last 20 years in reached almost $25 billion, with a loss
G100 and Green Delta Insurance on 22
improving the lives of women and girls. ratio comfortably over 90%.
November 2022.
SSK project is a glaring example of the
“According to GlobalData’s report, ‘Cli-
Dr. Enamul Haque, Director General of progress Bangladesh has made in im-
mate Change and its Impact on Insur-
Health Economics Unit (HEU) under proving the healthcare infrastructure ance Market – Thematic Research’,
Ministry of Health and Family Welfare, and ensuring universal healthcare of
the US gross written premiums for fire
graced the event as the chief guest, marginal people.
and natural hazards insurance was
while Dr. Syeda Naushin Parnini, Direc-
over $58 billion in 2020, more than
tor of Research at Health Economic Hurricane Ian likely to twice the amount of Japan, which was
Unit was present the keynote speaker. the second highest.
bring incurred losses in US
Among others, the founder and presi- “As climate change continues to gener-
fire and natural hazards
dent of G100, Dr. Harbeen Arora Rai
ate such destructive weather events,
and G100 Global Chair of Healthcare & market to near record creating access to insurance for more
Wellness, Farzanah Chowdhury, along- consumers—in all parts of the world—
level
side of other high officials from SSK Cell,
will help to soften the blow as people’s
Health Economics Unit, Green Delta Following the news that Hurricane Ian,
lives and livelihoods are torn apart. While
Insurance and members of G100 were a devastating category four storm, has
insurance provides valuable financial sup-
swept through Florida overnight; Ben-
also present at the seminar.
port to many, it can also alleviate global
jamin Hatton, Associate Insurance
The purpose of the seminar was to income inequality that is regularly wors-
Analyst at GlobalData, a leading data
enlighten how the SSK project has ened by such disasters.”
18 December 2022 The Insurance Times