"Insurance-based Global Governance"



The idea is to establish a global insurance and reinsurance body against global catastrophic risks, at the level of countries.

The submission proposes a global insurance and reinsurance model. A new institution receives premiums paid by member countries, in order to insure them against the effects of global catastrophic risks. The institution provides expert advice to the member countries, and financial backing for investments in cooperative projects to achieve risk reduction. Concentrating on a financial task would keep the institution flexible and independent. Decisions would be based on the principles of “effective altruism”, with decision constantly monitored by AI, Big Data and statistical analysis to improve the institution’s priorities and performance. The submission suggests a pilot project being instituted by a smaller number of countries, in order for a first evaluation and improvement round.

by Len Fisher at globalchallenges.org


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While makes total sense, this assumes that the losses are net positive, and that we don't know who is going to be affected by the global catastrophic risks.

If they are net negative (e.g., practically everyone loses), or it is known in advance, that e.g., the locations near the sea are going to suffer most due to the rising sea level and global warming, I think, this would make this kind of insurance scheme harder to implement.


I think encouraging people to run an Insurance app on their phones would be a good idea too. So people help insure against their contribution to climate change etc.

Could foster an age where people use an app to self-insure, p2p insure or insure through companies.


Reminds me that there is an application called "Alibaba Forest" in Alipay, which encourages people to have a low-carbon life with gamified activities. Game scores can be used to plant trees. I feel that the game requires people to log in every day and it is too wasteful to participate. But many people around me participate in these games. Is there such an application-how many people participate in the activity without wasting time, simply and directly, for example, walking instead of riding a car and using public transportation instead of a private car can directly show the reduction of carbon emissions?