5th International Disaster and Risk Conference IDRC 2014 Integrative Risk Management - The role of science, technology & practice 24-28 August 2014 in Davos, Switzerland
Presentation on managing climate risk through ecosystem-based adaptation – linking urban and rural development planning by Papa Zoumana Diarra (The African Risk Capacity Insurance Company Limited.)
The document discusses the challenges of agricultural insurance in the Philippines. It notes that insurance alone is not a substitute for good farming practices and that a good insurance program balances costs and expected benefits in a sustainable way. It also outlines the various risks farmers face at different stages of planting, transporting, storing and selling their crops. While private insurers can offer single-peril crop insurance, traditional multiple-peril insurance programs face issues like moral hazard, adverse selection and high costs that make them unsustainable without subsidies.
Presentation on managing climate risk through ecosystem-based adaptation – linking urban and rural development planning by Michael Mullan & Takayoshi Kato (Secretariat, OECD)
Drr cca financing r1 risk transfer-mechanisms-towards-policy-innovations-finDennis dela Torre
This document discusses risk transfer mechanisms (RTMs) as a policy approach for climate change adaptation and disaster risk reduction. It provides background on RTMs in international agreements and outlines categories of RTMs used by the World Bank and Munich Climate Insurance Initiative. The document then discusses how RTMs have been incorporated into national policies in several ASEAN countries and trends toward regional cooperation on disaster risk financing and insurance. It concludes by identifying issues and challenges for operationalizing RTMs, including establishing coordinating bodies and capacity building programs.
Parametric insurance provides a key tool for disaster risk financing in regions impacted by climate change. It uses independent weather or other parameters to automatically trigger payouts, allowing for fast compensation without claims handling. This makes it well-suited for providing rapid liquidity to governments after disasters. Case studies show parametric insurance lowering costs through risk pooling and providing millions in payouts through facilities like CCRIF and coverage for the Philippines. It can help cover major disasters while traditional insurance and other methods address smaller, more frequent events.
Boosing Resilience Through Innovative Risk Governance - OECD ReportOECD Governance
OECD publication identifies measures to minimise economic and social damage and help economies recover rapidly after a disaster. It proposes a fundamental shift in risk governance, whereby risk management actors are encouraged, through appropriate incentives, to help boost resilience, rather than rely on government for post-disaster assistance. Further information available at www.oecd.org/gov/risk/boosting-resilience-through-innovative-risk-management.htm
Session 4.2b: Climate risk insurance in MoroccoNAP Events
The document summarizes key points from the NAP EXPO 2019 conference held in Incheon, Republic of Korea from 8-12 April 2019 on the topic "From Adaptation to Risk Management: Innovative Climate Risk Insurance in Morocco". It discusses three main points: 1) Not all risks are equal and a smart mix of approaches is needed, with insurance helping address residual risk; 2) Risk management is important and insurance can help integrate risk management; and 3) Insurance can help manage risk across large basins and mountainous areas, as shown by an example in Morocco assessing risks across sectors in a large area. It also outlines Morocco's experience with insuring citrus fruit production against flood risk in the Sou
Framework for Estimating the Capital Against Event RiskIFMR
This document outlines a framework for estimating capital requirements against event risk. It discusses key components such as a mapping module to map exposure to locations, an impact module to determine loss assumptions from events, and a simulation module to generate scenarios and estimate loss distributions. The mapping module uses geographical and other data to analyze exposure. The impact module is built on historical loss data. The simulation module uses Monte Carlo simulations to model extreme event outcomes and losses. The goal is for the framework to conceptually mimic the relationship between events and portfolio losses based on factors like location and industry.
Presentation on managing climate risk through ecosystem-based adaptation – linking urban and rural development planning by Papa Zoumana Diarra (The African Risk Capacity Insurance Company Limited.)
The document discusses the challenges of agricultural insurance in the Philippines. It notes that insurance alone is not a substitute for good farming practices and that a good insurance program balances costs and expected benefits in a sustainable way. It also outlines the various risks farmers face at different stages of planting, transporting, storing and selling their crops. While private insurers can offer single-peril crop insurance, traditional multiple-peril insurance programs face issues like moral hazard, adverse selection and high costs that make them unsustainable without subsidies.
Presentation on managing climate risk through ecosystem-based adaptation – linking urban and rural development planning by Michael Mullan & Takayoshi Kato (Secretariat, OECD)
Drr cca financing r1 risk transfer-mechanisms-towards-policy-innovations-finDennis dela Torre
This document discusses risk transfer mechanisms (RTMs) as a policy approach for climate change adaptation and disaster risk reduction. It provides background on RTMs in international agreements and outlines categories of RTMs used by the World Bank and Munich Climate Insurance Initiative. The document then discusses how RTMs have been incorporated into national policies in several ASEAN countries and trends toward regional cooperation on disaster risk financing and insurance. It concludes by identifying issues and challenges for operationalizing RTMs, including establishing coordinating bodies and capacity building programs.
Parametric insurance provides a key tool for disaster risk financing in regions impacted by climate change. It uses independent weather or other parameters to automatically trigger payouts, allowing for fast compensation without claims handling. This makes it well-suited for providing rapid liquidity to governments after disasters. Case studies show parametric insurance lowering costs through risk pooling and providing millions in payouts through facilities like CCRIF and coverage for the Philippines. It can help cover major disasters while traditional insurance and other methods address smaller, more frequent events.
Boosing Resilience Through Innovative Risk Governance - OECD ReportOECD Governance
OECD publication identifies measures to minimise economic and social damage and help economies recover rapidly after a disaster. It proposes a fundamental shift in risk governance, whereby risk management actors are encouraged, through appropriate incentives, to help boost resilience, rather than rely on government for post-disaster assistance. Further information available at www.oecd.org/gov/risk/boosting-resilience-through-innovative-risk-management.htm
Session 4.2b: Climate risk insurance in MoroccoNAP Events
The document summarizes key points from the NAP EXPO 2019 conference held in Incheon, Republic of Korea from 8-12 April 2019 on the topic "From Adaptation to Risk Management: Innovative Climate Risk Insurance in Morocco". It discusses three main points: 1) Not all risks are equal and a smart mix of approaches is needed, with insurance helping address residual risk; 2) Risk management is important and insurance can help integrate risk management; and 3) Insurance can help manage risk across large basins and mountainous areas, as shown by an example in Morocco assessing risks across sectors in a large area. It also outlines Morocco's experience with insuring citrus fruit production against flood risk in the Sou
Framework for Estimating the Capital Against Event RiskIFMR
This document outlines a framework for estimating capital requirements against event risk. It discusses key components such as a mapping module to map exposure to locations, an impact module to determine loss assumptions from events, and a simulation module to generate scenarios and estimate loss distributions. The mapping module uses geographical and other data to analyze exposure. The impact module is built on historical loss data. The simulation module uses Monte Carlo simulations to model extreme event outcomes and losses. The goal is for the framework to conceptually mimic the relationship between events and portfolio losses based on factors like location and industry.
Oasis Loss modelling framework has built up over the last 5 years a group of 43 (Re)Insurance companies and over 100 associate partners. There has been a focus on data and model interoperability and the needs of model developers to encourage a wider supply of insight from academia. This has all focused on the specific needs of one of the largest users of climate and risk data, the Insurance industry.
This document discusses best practices for assessing risks related to foreign direct investment (FDI). It recommends that organizations:
1) Conduct risk assessments as the foundation for effective risk, crisis, and continuity management.
2) Use international risk management standards like ISO 31000 to help ensure compliance and strengthen reputation.
3) Implement risk management tools to allow for organization-wide risk assessment and treatment in an efficient and uniform manner.
Boosing Resilience Through Innovative Risk Governance - FlyerOECD Governance
OECD publication, to be launched on 5 May 2014, identifies measures to minimise economic and social damage and help economies recover rapidly after a disaster. It proposes a fundamental shift in risk governance, whereby risk management actors are encouraged, through appropriate incentives, to help boost resilience, rather than rely on government for post-disaster assistance. Further information available at www.oecd.org/gov/risk/boosting-resilience-through-innovative-risk-management.htm
The document summarizes the key findings of the Global Assessment Report (GAR) 2015 on Disaster Risk Reduction. It finds that disaster losses remain substantial and pose significant economic and social burdens, particularly for lower-income countries. Expected future losses threaten development progress. Disaster risk is unevenly distributed and increasing due to factors like climate change, urbanization, and environmental degradation. The GAR Risk Atlas contributes to making global disaster risk more visible and understanding its patterns.
The document discusses capacity development for disaster risk reduction at the national and local levels. It explores strengths and weaknesses of current DRR capacity development efforts, and presents UNITAR's contribution through a new K4Resilience hub initiative. The initiative aims to strengthen DRR capacity development at national and sub-national levels by transferring knowledge and technology, advocating for positive change, achieving economies of scale in training, and facilitating peer-to-peer learning and mainstreaming of knowledge through strategies at the national and sub-national levels.
1) Climate change is already negatively impacting food security in Africa through agriculture, as agriculture accounts for 40% of export earnings, 60-90% of employment, and 95% of farmland is rainfed in Africa, where over a quarter of the population is undernourished.
2) Agriculture contributes significantly to climate change globally, emitting 25% of greenhouse gases, with African agriculture accounting for 15% of total global agricultural emissions.
3) There are various approaches to make agriculture more "climate-smart", including sustainable intensification, agroecology, precision agriculture, and ecosystem-based adaptation, but these approaches need to be implemented while building complementarities and seeking new knowledge to avoid ideology
Presentation by Annette Detken, Head of Division, KfW Development Bank, at the Scaling up agricultural adaptation through insurance conference, on the sidelines of SBSTA. https://ccafs.cgiar.org/scaling-agricultural-adaptation-through-insurance
Presentation by Ulrich Hess, Senior Advisor, GIZ, at the Scaling up agricultural adaptation through insurance conference, on the sidelines of SBSTA. https://ccafs.cgiar.org/scaling-agricultural-adaptation-through-insurance
This document discusses initiatives to build resilient cities proposed by UNISDR. It outlines 10 initiatives including organizing for disaster resilience, identifying and understanding current and future risk scenarios, strengthening financial capacity, pursuing resilient urban development and design, safeguarding natural buffers, and strengthening institutional capacity. Specific examples of cities that have implemented these initiatives are provided, such as Albay in the Philippines establishing a disaster risk management office, and Pune, India investing in flood risk reduction measures. The document emphasizes the importance of these initiatives in building disaster resilient communities.
This document discusses establishing a situationally aware culture at an insurance company to better identify and address emerging risks and opportunities. It advocates linking emerging risk management to strategy and innovation. It provides examples of emerging risks like black swans, elephants in the room, and gray rhinos. It emphasizes the increased interconnectivity and velocity of risks due to technology. It outlines steps to promote situational awareness like embracing diversity, leveraging experience, and encouraging collaboration. It details elements of the insurance company's emerging risk framework including governance, identification, assessment, and integration with strategic planning. The overall aim is to turn unknown risks into known risks to better execute strategy and identify competitive advantages.
Financial Innovations and Market Mechanisms for Coping with Climate ChangePrabhakar SVRK
For related article, please refer to the links below:
http://enviroscope.iges.or.jp/modules/envirolib/view.php?docid=1856
http://enviroscope.iges.or.jp/modules/envirolib/view.php?docid=1827
Enterprise risk management involves identifying and managing risks across an organization to minimize losses and maximize opportunities. The key types of risk include strategic risk, operational risk, financial risk, compliance risk, and reputational risk. Risk management in airlines specifically analyzes hazards, strategic challenges, financial risks, and operational risks. Financial risks can be mitigated through techniques like hedging fuel costs, which is a major volatile expense for airlines.
The document discusses key concepts in enterprise risk management (ERM) including ERM frameworks and processes, risk identification tools, risk assessment techniques like risk mapping and decision trees, and risk management concepts such as risk centers, owners, and attitude. It provides definitions and descriptions of risk management approaches and illustrates examples to explain various risk analysis models and metrics.
The document summarizes the Hyogo Framework for Action (HFA) and the role of National Platforms for disaster risk reduction. It discusses the HFA's goals and priorities, the HFA monitoring process, and key reports on progress. It also outlines the purpose and benefits of National Platforms, which serve as coordination mechanisms for mainstreaming disaster risk reduction through multi-sectoral and multi-stakeholder engagement at the national level.
Risk financing and risk transfer mechanisms can help address the increasing costs of climate-related disasters. However, there are significant challenges to their implementation in developing countries, including a lack of suitable mechanisms, high costs, and insufficient evidence and demand. Effective integration of adaptation, risk management, and risk financing approaches is needed but has not always been achieved in practice.
This document discusses disaster management in ASEAN countries. It begins with an overview of current disaster risks and efforts in ASEAN, noting that while natural disasters cannot be stopped, preparedness can mitigate damage through emergency planning and infrastructure. It then reviews conceptual frameworks for different disaster types and levels of risk. The document outlines household and government risk management strategies pre- and post-disaster. It analyzes current challenges in ASEAN's underdeveloped disaster insurance markets and mechanisms for regional risk pooling. The document concludes with policy implications such as developing formal regional risk diversification facilities and regulatory support for disaster-linked insurance and data collection.
A Disaster Risk Management Strategic Programme and Investment Framework is being designed to translate this new approach into action in a coordinated way across stakeholders. It will help mainstream disaster risk reduction into development planning and maximize resources
This is a brief article that describes the evolution of Enterprise Risk Management as a key functional area in large organizations over the past 30 years.
Partnerships for financing climate risk protection in Viet NamUNDP Climate
High-level inter-ministerial workshop held in Hanoi June 6-7, 2017 hosted by the Ministry of Agricultural Development (MARD) of Viet Nam and supported under the Integrating Agriculture in National Adaptation Plans (NAP-Ag) Programme. The meeting was attended by over 75 national and provincial level government officials, including MONRE, MARD, MPI and the Ministry of Finance (MOF), UN and development partners, private sector representatives including insurance companies, as well as non-governmental organisations.
Oasis Loss modelling framework has built up over the last 5 years a group of 43 (Re)Insurance companies and over 100 associate partners. There has been a focus on data and model interoperability and the needs of model developers to encourage a wider supply of insight from academia. This has all focused on the specific needs of one of the largest users of climate and risk data, the Insurance industry.
This document discusses best practices for assessing risks related to foreign direct investment (FDI). It recommends that organizations:
1) Conduct risk assessments as the foundation for effective risk, crisis, and continuity management.
2) Use international risk management standards like ISO 31000 to help ensure compliance and strengthen reputation.
3) Implement risk management tools to allow for organization-wide risk assessment and treatment in an efficient and uniform manner.
Boosing Resilience Through Innovative Risk Governance - FlyerOECD Governance
OECD publication, to be launched on 5 May 2014, identifies measures to minimise economic and social damage and help economies recover rapidly after a disaster. It proposes a fundamental shift in risk governance, whereby risk management actors are encouraged, through appropriate incentives, to help boost resilience, rather than rely on government for post-disaster assistance. Further information available at www.oecd.org/gov/risk/boosting-resilience-through-innovative-risk-management.htm
The document summarizes the key findings of the Global Assessment Report (GAR) 2015 on Disaster Risk Reduction. It finds that disaster losses remain substantial and pose significant economic and social burdens, particularly for lower-income countries. Expected future losses threaten development progress. Disaster risk is unevenly distributed and increasing due to factors like climate change, urbanization, and environmental degradation. The GAR Risk Atlas contributes to making global disaster risk more visible and understanding its patterns.
The document discusses capacity development for disaster risk reduction at the national and local levels. It explores strengths and weaknesses of current DRR capacity development efforts, and presents UNITAR's contribution through a new K4Resilience hub initiative. The initiative aims to strengthen DRR capacity development at national and sub-national levels by transferring knowledge and technology, advocating for positive change, achieving economies of scale in training, and facilitating peer-to-peer learning and mainstreaming of knowledge through strategies at the national and sub-national levels.
1) Climate change is already negatively impacting food security in Africa through agriculture, as agriculture accounts for 40% of export earnings, 60-90% of employment, and 95% of farmland is rainfed in Africa, where over a quarter of the population is undernourished.
2) Agriculture contributes significantly to climate change globally, emitting 25% of greenhouse gases, with African agriculture accounting for 15% of total global agricultural emissions.
3) There are various approaches to make agriculture more "climate-smart", including sustainable intensification, agroecology, precision agriculture, and ecosystem-based adaptation, but these approaches need to be implemented while building complementarities and seeking new knowledge to avoid ideology
Presentation by Annette Detken, Head of Division, KfW Development Bank, at the Scaling up agricultural adaptation through insurance conference, on the sidelines of SBSTA. https://ccafs.cgiar.org/scaling-agricultural-adaptation-through-insurance
Presentation by Ulrich Hess, Senior Advisor, GIZ, at the Scaling up agricultural adaptation through insurance conference, on the sidelines of SBSTA. https://ccafs.cgiar.org/scaling-agricultural-adaptation-through-insurance
This document discusses initiatives to build resilient cities proposed by UNISDR. It outlines 10 initiatives including organizing for disaster resilience, identifying and understanding current and future risk scenarios, strengthening financial capacity, pursuing resilient urban development and design, safeguarding natural buffers, and strengthening institutional capacity. Specific examples of cities that have implemented these initiatives are provided, such as Albay in the Philippines establishing a disaster risk management office, and Pune, India investing in flood risk reduction measures. The document emphasizes the importance of these initiatives in building disaster resilient communities.
This document discusses establishing a situationally aware culture at an insurance company to better identify and address emerging risks and opportunities. It advocates linking emerging risk management to strategy and innovation. It provides examples of emerging risks like black swans, elephants in the room, and gray rhinos. It emphasizes the increased interconnectivity and velocity of risks due to technology. It outlines steps to promote situational awareness like embracing diversity, leveraging experience, and encouraging collaboration. It details elements of the insurance company's emerging risk framework including governance, identification, assessment, and integration with strategic planning. The overall aim is to turn unknown risks into known risks to better execute strategy and identify competitive advantages.
Financial Innovations and Market Mechanisms for Coping with Climate ChangePrabhakar SVRK
For related article, please refer to the links below:
http://enviroscope.iges.or.jp/modules/envirolib/view.php?docid=1856
http://enviroscope.iges.or.jp/modules/envirolib/view.php?docid=1827
Enterprise risk management involves identifying and managing risks across an organization to minimize losses and maximize opportunities. The key types of risk include strategic risk, operational risk, financial risk, compliance risk, and reputational risk. Risk management in airlines specifically analyzes hazards, strategic challenges, financial risks, and operational risks. Financial risks can be mitigated through techniques like hedging fuel costs, which is a major volatile expense for airlines.
The document discusses key concepts in enterprise risk management (ERM) including ERM frameworks and processes, risk identification tools, risk assessment techniques like risk mapping and decision trees, and risk management concepts such as risk centers, owners, and attitude. It provides definitions and descriptions of risk management approaches and illustrates examples to explain various risk analysis models and metrics.
The document summarizes the Hyogo Framework for Action (HFA) and the role of National Platforms for disaster risk reduction. It discusses the HFA's goals and priorities, the HFA monitoring process, and key reports on progress. It also outlines the purpose and benefits of National Platforms, which serve as coordination mechanisms for mainstreaming disaster risk reduction through multi-sectoral and multi-stakeholder engagement at the national level.
Risk financing and risk transfer mechanisms can help address the increasing costs of climate-related disasters. However, there are significant challenges to their implementation in developing countries, including a lack of suitable mechanisms, high costs, and insufficient evidence and demand. Effective integration of adaptation, risk management, and risk financing approaches is needed but has not always been achieved in practice.
This document discusses disaster management in ASEAN countries. It begins with an overview of current disaster risks and efforts in ASEAN, noting that while natural disasters cannot be stopped, preparedness can mitigate damage through emergency planning and infrastructure. It then reviews conceptual frameworks for different disaster types and levels of risk. The document outlines household and government risk management strategies pre- and post-disaster. It analyzes current challenges in ASEAN's underdeveloped disaster insurance markets and mechanisms for regional risk pooling. The document concludes with policy implications such as developing formal regional risk diversification facilities and regulatory support for disaster-linked insurance and data collection.
A Disaster Risk Management Strategic Programme and Investment Framework is being designed to translate this new approach into action in a coordinated way across stakeholders. It will help mainstream disaster risk reduction into development planning and maximize resources
This is a brief article that describes the evolution of Enterprise Risk Management as a key functional area in large organizations over the past 30 years.
Partnerships for financing climate risk protection in Viet NamUNDP Climate
High-level inter-ministerial workshop held in Hanoi June 6-7, 2017 hosted by the Ministry of Agricultural Development (MARD) of Viet Nam and supported under the Integrating Agriculture in National Adaptation Plans (NAP-Ag) Programme. The meeting was attended by over 75 national and provincial level government officials, including MONRE, MARD, MPI and the Ministry of Finance (MOF), UN and development partners, private sector representatives including insurance companies, as well as non-governmental organisations.
This document summarizes the findings of a study assessing risk mitigation needs and solutions in Africa. The study found significant demand for risk mitigation across sectors like infrastructure, agriculture, trade and SME financing to increase investment. It identified risks beyond political violence that inhibit investment and concluded most respondents expected risk mitigation demand to increase over 50% in three years. The document recommends expanding the definition of mitigated risks and the "toolbox" of solutions, improving existing instruments, and increasing leadership from development organizations to address the large risk mitigation gap.
This risk management essay discusses key risks that construction project managers must consider. It notes that risk is present at all stages of a project's life cycle and must be jointly managed. Poor risk mitigation can negatively impact a project's performance, so proper risk management processes are essential. Specific risks addressed include cost overruns, delays, quality issues, regulatory changes, interest rate fluctuations, and exchange rate volatility for international projects. The essay emphasizes the importance of identifying and mitigating risks to help ensure construction projects are successful.
1) A flood insurance model was developed for Georgia based on detailed flood hazard and risk modelling within an integrated flood risk management framework.
2) The model included flood mapping, calculating risk scores and potential damage/losses, and developing an index-based insurance scheme with risk-based premiums and payout principles.
3) While the insurance scheme was not piloted during the initial project due to various challenges, efforts are ongoing to address flooding and other natural hazards through policy interventions like risk financing and early warning systems.
Study on Agriculture Finance & Agriculture Insurance in Microfinance | GIBS B...PradeepKhadaria
Agriculture finance and agricultural insurance are strategically important for eradicating
extreme poverty and boosting share prosperity. Globally, there are an estimated 500 million
small holder farming households representing 2.5 billion people- relying to varying degrees,
on agricultural production for the livelihoods. The benefit of our work includes the following:
growing don’t come off farmers and agricultural SMEs through commercialization and
access to better technologies, increasing resilience through climate smart productions, risk
diversification and access to financial tools and smoothing the transition of non-commercial
farmers out of agriculture and facilitating the consolidation of farms, assets and production
Resilient Cities, SMEs, Communities and Infrastructure Four Pioneering Projec...Global Risk Forum GRFDavos
6th International Disaster and Risk Conference IDRC 2016 Integrative Risk Management - Towards Resilient Cities. 28 August - 01 September 2016 in Davos, Switzerland
Resilient Cities, SMEs, Communities and Infrastructure Four Pioneering Projec...Global Risk Forum GRFDavos
6th International Disaster and Risk Conference IDRC 2016 Integrative Risk Management - Towards Resilient Cities. 28 August - 01 September 2016 in Davos, Switzerland
The document summarizes the findings of a study conducted by UNISDR and PwC on disaster risk management in the private sector. It finds that the economic costs of natural disasters are steadily increasing, with total annual damage estimated in the hundreds of billions of dollars. Major disasters in recent decades have disrupted global supply chains and business operations. In response, many large companies have developed their own risk management programs but opportunities remain for greater public-private collaboration. The UNISDR-PwC initiative aims to create a global platform for the private and public sectors to work together on building resilience. The study gathered insights from leading companies on challenges and best practices in managing disaster risks.
This document discusses the importance of intellectual capital and innovation in the agricultural insurance sector. It begins by outlining the importance of insurance services for agricultural producers and sectors. Intellectual capital is defined as the knowledge, skills, and experiences of employees, while innovation refers to new processes, services, marketing methods, and organizational changes. The relationship between intellectual capital and innovation is then explored, finding they have a reciprocal relationship that can boost company performance. Specifically within insurance companies, intellectual capital and innovation are crucial assets that allow companies to develop new services, gain competitive advantages, and better serve customer needs. Overall, the document argues that effectively managing intellectual capital and fostering innovation are important for the success and sustainability of agricultural insurance companies.
This document discusses disaster risk financing and the Sendai Framework for Disaster Risk Reduction. It notes that disaster risk is increasing as seen by rising average annual losses relative to GDP in many countries from 1998-2017. The Sendai Framework aims to increase the number of countries and local governments that adopt disaster risk reduction strategies. These strategies can inform investment priorities and support projects to increase resilience. While progress is being made, more efforts are needed to accelerate financing for disaster risk reduction given the growing challenges from factors like climate change and urbanization. International frameworks like the Sendai Framework and SDGs provide guidance but implementation of coordinated strategies across systems is still developing.
Since 2013, the European Urban Resilience Forum (https://urbanresilienceforum.eu) has offered a unique platform where city representatives and stakeholders from various local and regional institutions come together to exchange and discuss strategies and actions to adapt to climate change and build urban resilience. The slides have been in the session “Connecting up the dots between science, municipalities, insurance and climate risk assessment” organised byInsurance2020/OasisHub project
PlaNet Guarantee is an insurance broker that develops innovative insurance products tailored to the needs of populations excluded from traditional insurance. It has developed index-based agricultural insurance programs in multiple countries in West Africa to protect farmers against risks from climate events. The programs use satellite data and weather station information to automatically payout claims indexed to measures like rainfall levels. This stabilizes farmers' incomes and the broader agriculture sector by securing access to credit, investment, and markets. Partnerships with local insurers, reinsurers, banks, microfinance institutions, and farmer cooperatives facilitate the distribution and management of the insurance programs. [/SUMMARY]
The document summarizes a joint statement from global insurance industry leaders calling for collaboration with governments to address climate change risks. It outlines that climate change is accelerating extreme weather events and risks, and without action to reduce emissions the capacity to limit global warming will diminish. The insurance industry can incentivize risk prevention, facilitate risk transfer, and provide analysis. The statement calls for public-private partnerships along the risk management process, from data sharing to developing incentives for climate adaptation and resilience. It urges governments and multilateral organizations to support disaster risk reduction and climate action through these collaborative approaches.
European Risk managers have helped maintain the continuity of their organisations during the pandemic crisis. They have participated in task forces and crisis units, promoted communication, supported new working practices, pursued insurance recoveries where possible and begun work on recovery, according to a survey published by the Federation of European Risk Management Associations (FERMA): https://www.ferma.eu/publication/covid-19-ferma-survey-shows-risk-managers-contributions-to-response-and-resilience/
6th International Disaster and Risk Conference IDRC 2016 Integrative Risk Management - Towards Resilient Cities. 28 August - 01 September 2016 in Davos, Switzerland
Disaster risk reduction and nursing - human science research the view of surv...Global Risk Forum GRFDavos
6th International Disaster and Risk Conference IDRC 2016 Integrative Risk Management - Towards Resilient Cities. 28 August - 01 September 2016 in Davos, Switzerland
Global alliance of disaster research institutes (GADRI) discussion session, A...Global Risk Forum GRFDavos
Global Alliance of Disaster Research Institutes (GADRI) aims to reduce disaster risk and increase resilience through interdisciplinary research. GADRI brings together institutions to support research efforts through cooperation instead of competition. It also guides new researchers and maintains institutional memory to build upon past work. Some challenges GADRI may face include coordinating a global alliance. Solutions include facilitating cooperative work between members and guiding the expanding field of disaster reduction research.
Towards a safe, secure and sustainable energy supply the role of resilience i...Global Risk Forum GRFDavos
The document discusses concepts related to ensuring a safe, secure, and sustainable energy supply. It introduces the concepts of risk assessment, resilience management, security of supply, sustainability, and multi-criteria decision analysis. It then presents a case study from the EU SECURE project that used these concepts to evaluate policy scenarios according to various environmental, economic, social, and security indicators. The study found that global climate policy scenarios generally performed best, though they were vulnerable to certain shocks like nuclear accidents or carbon capture failures. Overall policies that reduced fossil fuel use and led to greater diversification of energy sources and imports improved sustainability and security.
Making Hard Choices An Analysis of Settlement Choices and Willingness to Retu...Global Risk Forum GRFDavos
1) The document analyzes data from surveys of Syrian refugees in Turkey to understand their choices regarding returning to Syria, staying in Turkey, or migrating elsewhere.
2) It finds that as the duration of living as a refugee increases, the probability of returning to Syria decreases significantly, while the likelihood of migrating to another country increases.
3) Refugees who experienced greater damage, losses, or deaths due to the war in Syria are less likely to return and more likely to migrate internationally in search of asylum.
The Relocation Challenges in Coastal Urban Centers Options and Limitations, A...Global Risk Forum GRFDavos
6th International Disaster and Risk Conference IDRC 2016 Integrative Risk Management - Towards Resilient Cities. 28 August - 01 September 2016 in Davos, Switzerland
6th International Disaster and Risk Conference IDRC 2016 Integrative Risk Management - Towards Resilient Cities. 28 August - 01 September 2016 in Davos, Switzerland
Involving the Mining Sector in Achieving Land Degradation Neutrality, Simone ...Global Risk Forum GRFDavos
6th International Disaster and Risk Conference IDRC 2016 Integrative Risk Management - Towards Resilient Cities. 28 August - 01 September 2016 in Davos, Switzerland
Disaster Risk Reduction and Nursing - Human Science research the view of surv...Global Risk Forum GRFDavos
6th International Disaster and Risk Conference IDRC 2016 Integrative Risk Management - Towards Resilient Cities. 28 August - 01 September 2016 in Davos, Switzerland
Training and awareness raising in Critical Infrastructure Protection & Resili...Global Risk Forum GRFDavos
6th International Disaster and Risk Conference IDRC 2016 Integrative Risk Management - Towards Resilient Cities. 28 August - 01 September 2016 in Davos, Switzerland
IDRC Davos 2016 - Workshop Awareness Raising, Education and Training - Capaci...Global Risk Forum GRFDavos
6th International Disaster and Risk Conference IDRC 2016 Integrative Risk Management - Towards Resilient Cities. 28 August - 01 September 2016 in Davos, Switzerland
The document summarizes the Global Alliance of Disaster Research Institutes (GADRI). GADRI is a global network of over 100 disaster research institutes that aims to enhance disaster risk reduction through knowledge sharing. It holds symposia, workshops, and other events on topics like flash floods, earthquakes, and geohazards. Notable upcoming events include the Third Global Summit of Research Institutes for Disaster Risk Reduction in 2017. GADRI's goals are to establish collaborative research initiatives, form international working groups, and disseminate findings to influence disaster policy.
Dynamic factors influencing the post-disaster resettlement success Lessons fr...Global Risk Forum GRFDavos
6th International Disaster and Risk Conference IDRC 2016 Integrative Risk Management - Towards Resilient Cities. 28 August - 01 September 2016 in Davos, Switzerland
Consequences of the Armed Conflict as a Stressor of Climate Change in Colombi...Global Risk Forum GRFDavos
6th International Disaster and Risk Conference IDRC 2016 Integrative Risk Management - Towards Resilient Cities. 28 August - 01 September 2016 in Davos, Switzerland
Disaster Risk Perception in Cameroon and its Implications for the Rehabilitat...Global Risk Forum GRFDavos
6th International Disaster and Risk Conference IDRC 2016 Integrative Risk Management - Towards Resilient Cities. 28 August - 01 September 2016 in Davos, Switzerland
Systematic Knowledge Sharing of Natural Hazard Damages in Public-private Part...Global Risk Forum GRFDavos
6th International Disaster and Risk Conference IDRC 2016 Integrative Risk Management - Towards Resilient Cities. 28 August - 01 September 2016 in Davos, Switzerland
Exploring the Effectiveness of Humanitarian NGO-Private Sector Collaborations...Global Risk Forum GRFDavos
6th International Disaster and Risk Conference IDRC 2016 Integrative Risk Management - Towards Resilient Cities. 28 August - 01 September 2016 in Davos, Switzerland
Can UK Water Service Providers Manage Risk and Resilience as Part of a Multi-...Global Risk Forum GRFDavos
The document discusses a study examining how well UK water service providers incorporate risk management and resilience as part of a multi-agency approach. The researchers analyzed 38 Community Risk Registers and found inconsistencies in style, structure, and level of detail when assessing risks like water infrastructure failures or drought. They conclude that improved consistency is needed in how water providers engage in and contribute their risk assessments to the community planning process.
A Holistic Approach Towards International Disaster Resilient Architecture by ...Global Risk Forum GRFDavos
6th International Disaster and Risk Conference IDRC 2016 Integrative Risk Management - Towards Resilient Cities. 28 August - 01 September 2016 in Davos, Switzerland
6th International Disaster and Risk Conference IDRC 2016 Integrative Risk Management - Towards Resilient Cities. 28 August - 01 September 2016 in Davos, Switzerland
Architecture as a Catalyst for Sustainable Development, Anna HERINGER
PPT4 (IDRC RMS Panel_Stojanovski)
1. Expanding the Application and Technology of
Catastrophe Modelling for Disaster Risk Reduction
Pane Stojanovski *)
*)
• Transitioned from the academia to RMS, lead model development, product development, data development,
worked with clients using the models, …and learnt
• Contributed to the growth of cat risk modeling industry – mostly for (re)insurance applications, … serving the
mature markets in North America, Europe, Japan, …. pioneered some new modeling domains…
• Wanted to bring cat risk modeling to effectively serve the (poor) populations in the developing and low income
countries where agriculture is much more than just food production, where poverty is high, and disaster risk
jeopardizes efforts for its elimination, worked on micro insurance, … founded with Prof. Shah Asia Risk
Centre
• Re-engaged with the academia (ICRM) and later founded Cat Risk Research (CRR) to focus on bringing the
experiences and expertise from the developed markets to assist in finding solutions for dealing with cat risk in
the poor and developing countries, where still 1.22 billion people lived on less than $1.25 a day in 2010 (WB
estimate)
• Cat Risk Research, LLC – founder, 2014
• Institute of Catastrophe Risk Modeling (ICRM) at the Nanyang Technological University (NTU) in Singapore, Professor (adjunct), from 2010
• WSSI (World Seismic Safety Initiative) Board, Advisory Board of ICRM
• Asia Risk Centre, an affiliate of RMS, founding executive director (2010-2013)
• Risk Management Solutions, Inc. (RMS), various leading positions in modeling, operations, and product development / deployment, VP Model Development
Operations (1992– 2010)
• Prior to joining RMS, visiting and consulting professor at the Blume Center (Stanford University) and professor at the Skopje University, Macedonia.
2. Sustainable, Long-term Disaster Risk Management - Public
Private Partnerships (PPPs) *)
Private Sector - Insurance
Measure of sustainability ? Return on Investment
for the Partners
• Profit and competitive advantage
• Risk management enterprise is well defined,
and taking part of the disaster risk form
governments is just an addition to the
vibrant, well defined operations and risk
management program
Public Sector - Government
Measure of sustainability ? Return on Investment
for the Partners
• Improvement of the livelihoods of the
population and protection from disasters that
is commensurate with the government’s
investment (funding and subsidies in cat risk
protection schemes)
– Agriculture, as an example - recovering losses to
capital stock (barns, equipment, land, etc.), direct
household income (from crops, livestock, fish etc.),
nutrition (and related impacts on human
development), and indirect losses of future
production and income in the years following the
disaster.
• Risk management enterprise is broad,
disaster risk quantification - financial loss and
other metrics. Comprehensive exposure and
comprehensive cat risk models needed to
provide required metrics. Such models and
applications are not available today.
Having a comprehensive view of the risk from the government perspective is needed as basis for
effective and sustainable transfer of part of that risk to the insurance as part of a comprehensive
cat risk management program.
*) Recommendation form the “WEF Global Risks Report 2014”
3. Cat Risk Quantification And Management – Private Vs. Public Sector
Developing & Low Income Countries
CAT RISK
MANAGEMENT
PROCESS1)
PRIVATE SECTOR – e.g.
(RE)INSURANCE, BROKERS
GOVERNMENT
What is done today? What can be done in future?
IDENTIFY CAT RISK
CAT RISK
Explicitly quantified across
the company enterprise,
Regulatory requirements (
e.g. Solvency II)
EXPOSURE
Entire company enterprise,
Strictly tracked and
controlled for risk control
and diversification
CAT RISK
Generally recognized, but not
explicitly quantified across the
entire enterprise of interest
Country specific (varying)
legislative and regulatory
environments
EXPOSURE
Partially tracked for specific risk
transfer (e.g. subsidies for crop
insurance – partial production
costs)
Large portions of the exposure
not addressed – infrastructure,
livelihood protection, post
disaster relief, post disaster
livelihoods recovery, post
disaster human development
protection
Achieve similar level of exposure
tracking, risk quantification, and risk
management with the private sector
in the debate leading to sustainable
Pubic Private Partnerships for
protection against the disaster risk.
Make governments priorities and
objectives clear and transparent
with qualitative risk metrics across
the entire enterprise of interest.
Integrate insurance cat risk transfer
as part of the holistic government
risk management program
PRIORITIZE TOP CAT RISKS
*) Risk management steps adapted from “WEF Global Risks Report 2014”
4. Cat Risk Quantification And Management – Private Vs. Public Sector
CAT RISK
MANAGEMENT
PROCESS1)
Developing & Low Income Countries
PRIVATE SECTOR – e.g.
(RE)INSURANCE, BROKERS
GOVERNMENT
What is done today? What can be done in future?
UNDERTAKE CAT
RISK ASSESSMENT
QUANTITAVE by definition
Multiple vendors’ models
Probabilistic, event based
In-house models
On-going technological
upgrades for efficient and
rapid risk profile updates
Standardized risk metrics
for financial loss (e.g. AAL,
Return period losses, tail
conditional expectation,
etc.)
Applications for
underwriting,
accumulation control and
portfolio management
QUALITATIVE and relative for the
enterprise (when undertaken)
Little or no use of modes
Models with inferior
sophistication compared to the
private sector use of models
In house models not used, except
for a few exceptions
Low or no demand on technology
upgrades
Risk metrics as per the demands
of the private sector in risk
transfer arrangements, often
provided as “assistance” by the
private sector or by sponsoring
donors.
Applications mostly in limited
number of insurance contracts
with the private sector (e.g. crop
insurance) with large portions of
the government enterprise risk
not covered.
QUANTITAVE by definition
New classes of risk models tailored
to government needs and
exposure.
Probabilistic, event based
In-house government models
Access to technology to use and
share other countries experiences
for holistic technological upgrades
for efficient and rapid risk profile
updates
Conventional risk metrics - financial
loss (e.g. AAL, Return period losses,
tail conditional expectation, etc.),
develop new metrics to measure
impact on livelihoods, nutrition and
human development across the
government enterprise.
Applications for development and
comprehensive testing of policies
and programs against the disaster
risk.
IDENTIFY CAT RISK MANAGEMENT OPTIONS DESIGN CAT RISK MANAGEMENT STRATEGY DESIGN CRISIS MANAGEMENT STRATEGY
IMPLEMENT MONITOR AND UPDATE STRATEGY
*) Risk management steps adapted from “WEF Global Risks Report 2014”
5. Public vs Private Risk Exposure – Example, Agriculture Loss Map
Long Term
Income
GOVERNMENT ?
COMPREHENSIVE LOSS DISTRIBUTION
PRODUCTION LIVELIHOOD
INSURANCE REINSURANCE
RETENTION
RETENTION
Seeds and
Fertilizers
Labor and
Other Costs
House,
Structures
and Tools
Nutrition/
Sustenance
Growing
Season
Income