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Insuring Against Pandemics: A Private Sector Instrument for the Private Sector

In: Financial Transformations Beyond the COVID-19 Health Crisis

Author

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  • Marco Rossi

Abstract

The ongoing COVID-19 pandemic shows how quickly business resources can dry up against the backdrop of non-transient expenses. This has forced many businesses to proceed with large cuts in their workforce while facing the possibility of never getting back on their feet. Governments all over the world are trying to avoid such an outcome by providing guarantees on bank loans and upfront cash support, including grants. This chapter looks at the possibility of integrating such public response by developing an instrument — by the private sector and for the private sector — to help businesses of any size, including those with increasingly multinational operations, navigate the most perilous part of a pandemic. The instrument would release a contracted cash amount that could be calculated to provide a chosen grant element against an expected liquidity need, given a company’s specific circumstances and preferences.

Suggested Citation

  • Marco Rossi, 2022. "Insuring Against Pandemics: A Private Sector Instrument for the Private Sector," World Scientific Book Chapters, in: Sabri Boubaker & Duc Khuong Nguyen (ed.), Financial Transformations Beyond the COVID-19 Health Crisis, chapter 12, pages 349-362, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9781800610781_0012
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    Keywords

    COVID19; Pandemic; Pandemic Outbreak; Health Crisis; Economics; Macroeconomics; Finance; Sustainable Finance; Financial Crisis; Financial Integration; Economic Integration; Global Financial Crisis; Financial Institutions; Corporate Finance; Corporate Governance; Board of Directors; ESG; Corporate Social Responsibility; Sustainable Finance; Stock Markets; Financial Markets; Stock Market Behaviour; Firm Liquidity; Emerging Markets; China; Financial Institutions; Money; Banks; Banking System; Banking Sector; Business Groups; Resilience; Safe Heaven; Gold; Oil; Peer-to-Peer Lending Market; Foreign Trading; Stock Market Volatility; Extreme Events;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • G3 - Financial Economics - - Corporate Finance and Governance
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation

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