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PERU PUBLIC SCHOOLS
Development of an Insurance Program for Peru’s Public Schools
Background
The project aims to protect more than 50,000 public schools in Peru against the impact of natural disasters, and to improve continuity for children’s education by accelerating reconstruction and strengthening the country’s resilience through an innovative insurance programme. The GEM Hazard and Risk Teams are contributing to the design of the insurance programme with expertise in the earthquake hazard and risk modelling of school buildings in Peru.
Duration: 2020 - 2024
Objectives
The main objective of this project is to design an insurance programme for Peru’s public schools. The project will provide the Government of Peru with options to cover all or a subset of its more than 50,000 public schools against the impact of natural disasters thus accelerating reconstruction, while also strengthening the country’s resilience.
Collaborators
GEM Foundation, AXA XL, Munich Re, Peruvian Association of Insurance Companies (APESEG), JBA Risk Management, InsurTech Picsure.
Funding partner: Germany’s InsuResilience Solutions Fund (ISF)
Location
Peru