IDRC 2014 - Presentation by Butch Bacani (final)

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5th International Disaster and Risk Conference IDRC 2014 Integrative Risk Management - The role of science, technology & practice 24-28 August 2014 in Davos, Switzerland

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IDRC 2014 - Presentation by Butch Bacani (final)

  1. 1. 5th International Disaster and Risk Conference IDRC 2014 ‘Integrative Risk Management - The role of science, technology & practice‘ • 24-28 August 2014 • Davos • Switzerland www.grforum.org Building disaster-resilient communities The Global Resilience Project of the UNEP FI Principles for Sustainable Insurance Initiative Butch Bacani Programme Leader UNEP FI Principles for Sustainable Insurance Initiative PSI Principles for Sustainable Insurance
  2. 2. 5th International Disaster and Risk Conference IDRC 2014 ‘Integrative Risk Management - The role of science, technology & practice‘ • 24-28 August 2014 • Davos • Switzerland www.grforum.org The case for action: A skewed funding focus Last year, 20,000 people were killed or went missing due to natural disasters Global economic losses due to natural disasters amounted to USD 131 billion, representing almost 2% of GDP Many nations spend more on disaster relief & recovery than disaster risk reduction Funds are diverted to dealing with disasters after the fact, rather than being spent on reducing the risk of disasters happening BUT
  3. 3. 5th International Disaster and Risk Conference IDRC 2014 ‘Integrative Risk Management - The role of science, technology & practice‘ • 24-28 August 2014 • Davos • Switzerland www.grforum.org An example: The Australian experience  Total economic costs of natural disasters in Australia average $6.3 billion each year, and projected to rise to 23 billion by 2050  The Australian government invests $50 million each year in disaster risk reduction measures but more than $560 million on post-disaster recovery  For every $10 spent on post-disaster relief & recovery, only $1 is spent on disaster risk reduction AUSTRALIAN GOVERNMENT INVESTMENT DISASTER RISK REDUCTION $50 million POST-DISASTER RELIEF & RECOVERY $560 million
  4. 4. 5th International Disaster and Risk Conference IDRC 2014 ‘Integrative Risk Management - The role of science, technology & practice‘ • 24-28 August 2014 • Davos • Switzerland www.grforum.org Risk reduction investment: The benefits More investment in disaster risk reduction will lead to:  Less economic, social and environmental losses  Safer and more disaster-resilient communities and economies  Less public and private funds spent on disaster relief and recovery, enabling better investment  More access to affordable insurance to help communities manage the uncertainty of adversity and the financial hardship associated with unexpected losses
  5. 5. 5th International Disaster and Risk Conference IDRC 2014 ‘Integrative Risk Management - The role of science, technology & practice‘ • 24-28 August 2014 • Davos • Switzerland www.grforum.org The role of the insurance industry Insurers are uniquely placed to drive change in managing disaster risk Global connections and reachLocal community connections Ability to influence stakeholders Deep knowledge of disaster risk Building collaborative frameworks Aligned economic interests Insurance industry as risk managers, risk carriers and investors
  6. 6. 5th International Disaster and Risk Conference IDRC 2014 ‘Integrative Risk Management - The role of science, technology & practice‘ • 24-28 August 2014 • Davos • Switzerland www.grforum.org The Principles for Sustainable Insurance (PSI) ‘The Principles for Sustainable Insurance provide a global roadmap to develop and expand the innovative risk management and insurance solutions that we need to promote renewable energy, clean water, food security, sustainable cities and disaster-resilient communities.’ Ban Ki-moon, UN Secretary-General
  7. 7. 5th International Disaster and Risk Conference IDRC 2014 ‘Integrative Risk Management - The role of science, technology & practice‘ • 24-28 August 2014 • Davos • Switzerland www.grforum.org The PSI Global Resilience Project The project brings together insurers from around the world to: Deepen understanding of disaster risk reduction Assess the economic, social and environmental costs Use this information to help governments and communities manage risk
  8. 8. 5th International Disaster and Risk Conference IDRC 2014 ‘Integrative Risk Management - The role of science, technology & practice‘ • 24-28 August 2014 • Davos • Switzerland www.grforum.org Taking a phased approach Evaluating risk reduction measures, and identifying barriers Building a global disaster map and identifying at-risk communities Working with stakeholders to drive change and reduce risk Current phase Next phase: 2014-15
  9. 9. 5th International Disaster and Risk Conference IDRC 2014 ‘Integrative Risk Management - The role of science, technology & practice‘ • 24-28 August 2014 • Davos • Switzerland www.grforum.org Assessing the effectiveness of risk reduction Social benefit: Reduction in lives lost Social benefit: Reduction in lives adversely affected Economic benefit Cost Effectiveness
  10. 10. 5th International Disaster and Risk Conference IDRC 2014 ‘Integrative Risk Management - The role of science, technology & practice‘ • 24-28 August 2014 • Davos • Switzerland www.grforum.org Assessing the effectiveness of risk reduction DISASTER RISK REDUCTION MEASURES Behavioural Structural Ecosystems CYCLONE Mangroves Sand dunes Seawalls FLOOD Controlled barriers Wetlands Land-use planning EARTHQUAKE Building codes Retrofitting Relocation MULTI-HAZARD MEASURES (cyclone, flood, earthquake) Education & communication Risk mapping Early warning & evacuation
  11. 11. 5th International Disaster and Risk Conference IDRC 2014 ‘Integrative Risk Management - The role of science, technology & practice‘ • 24-28 August 2014 • Davos • Switzerland www.grforum.org Ideas for the Post-2015 Framework for Disaster Risk Reduction More effective disaster risk reduction More standardised data and greater data sharing to enable communities to identify vulnerabilities and best risk reduction measures A portfolio approach, drawing on a number of risk reduction measures which address risks at a community level A greater funding focus on risk reduction, as opposed to disaster relief & recovery A clear understanding of the disaster risk management continuum (from understanding and reducing disaster risk—to disaster relief & recovery, and risk financing Harness the full potential of the insurance industry in the disaster risk management continuum as risk managers, risk carriers and investors
  12. 12. 5th International Disaster and Risk Conference IDRC 2014 ‘Integrative Risk Management - The role of science, technology & practice‘ • 24-28 August 2014 • Davos • Switzerland www.grforum.org The Principles for Sustainable Insurance A global sustainability framework and initiative of the United Nations Environment Programme Finance Initiative Learn more at www.unepfi.org/psi 12

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