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Last edited 08 Dec 2021
Insurer of last resort
Anticipate, react, recover; Resilient infrastructure systems, published by the National Infrastructure Commission in May 2020, defines the insurer of last resort as: ‘The role of government to take on risks that others cannot, often to protect the population and provide stability when unforeseen events occur. This can help improve markets and provide protection against risks the private sector is unable to cover without some degree of government intervention.’
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