Managing supply chain disruption risks through insurance solutions: current practices and challenges

Supply chain risk management is receiving increasing attention by both academics and practitioners. This paper challenges the management of supply chain disruption risks, which may arise from economic frictions or natural catastrophes and puts a specific focus on insurance solutions. Major insurability issues regarding supply chain disruption risks are discussed, and insurance is integrated into a holistic catastrophic risk planning approach. The approach adds value to the whole supply chain risk management process.