Building economic resilience to pandemic risk in Switzerland

Anastasia Kartasheva, Eleonora Pascucci and Omid Ghavibazoo

Risk Management and Insurance Review, 2025, vol. 28, issue 1, 107-149

Abstract: This paper examines the scope for pandemic insurance in Switzerland, addressing the residual revenue losses faced by firms despite comprehensive fiscal and monetary policies during COVID‐19. While these policies provided critical support, they failed to fully mitigate revenue declines from government‐imposed business interruptions. We highlight how pandemic insurance could reduce firms' exposure to revenue shocks and lessen reliance on costly interventions. Drawing insights from the Swiss Elemental Pool, a successful framework of risk‐pooling for natural catastrophes, we explore its applicability to pandemic risks. Given the systemic nature of pandemics, we argue that intertemporal risk‐sharing, capital accumulation, and risk transfer to financial markets can support a viable public–private partnership (PPP) for pandemic insurance. While conceptually promising, such a PPP requires further empirical evaluation of costs, benefits, and policy interactions. A well‐designed framework could enhance resilience to future pandemics and reduce the economic burden of ex‐post interventions.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/rmir.70003

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:rmgtin:v:28:y:2025:i:1:p:107-149

Access Statistics for this article

Risk Management and Insurance Review is currently edited by Mary A. Weiss

More articles in Risk Management and Insurance Review from American Risk and Insurance Association
Bibliographic data for series maintained by Wiley Content Delivery ().