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

1. Disaster Resilience
– incentives to address disaster risks?
GRF, Davos, 25th August 2014
Dr. Sebastian von Dahlen
Economic Counsellor
IAIS c/o BIS, Basel
Davos, 25th August 2014

2. Outline
1. Disasters
2. Resilience
3. Recovery
4. Integrating disaster risk and resilience
2

3. 1. Disasters
3

4. 2. Resilience
How to increase flexibility and elasticity?
• Knowledge and wider learning
• Financial regulation as part of the overall framework
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5. 3. Recovery
An example:
(Re)Insurance and GDP growth effects
a) Impact on growth path (GDP) b) Cumulative effect (GDP)
Source: von Dahlen, von Peter (2014), Journal of Financial Perspectives (2014, forthcoming)
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6. 4. Integrating disaster risk and resilience
a) Key elements
• Identifying and analysing prevailing risks;
• Reducing existing risks;
• Avoiding new risks;
• Better preparedness for the 1:100 years event
• Strengthening financial, economic, social and
environmental resilience and stability
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7. 4. Integrating disaster risk and resilience
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b) Three layers of resilience and stability:
1. Environmental
resilience and stability,
Actors: e.g. UN, WB;
2.Economic
resilience and stability,
Actors: e.g. G20, OECD, IMF;
3. Financial
resilience and stability,
Actors: e.g. FSB, BCBS, IAIS,
IOSCO; Source: von Dahlen (2014), forthcoming in
«Exploring Extremes» (book)

8. 4. Integrating disaster risk and resilience
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c) Overarching UN considerations
Toward an indicator system:
Reducing Existing
Risk
Risk
sensitive
public
sector
Risk
sensitive
private
sector
Avoiding New
Risk
Risk
sensitive
public
sector
Risk
sensitive
private
sector
Strengthening Social and
Economic Resilience
Resilient
public
sector
Resilient
private
sector
Sources: United Nations Office for Disaster Risk Reduction (2014) ; von Dahlen (2014), forthcoming in «Exploring Extremes» (book)

9. The end
Thank you!
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