A short paper The role of government versus private sector provision of insurance has just been published in the Journal of Risk and Insurance. Insurance markets are important for managing risk and promoting economic stability, since they play a key role in mitigating financial losses from unpredictable events such as natural disasters, cyberattacks, and health crises. However, these markets often face challenges, including market failures, information asymmetries, and correlated risks that can destabilize private insurers. In response, governments frequently intervene in insurance markets, …